On July 21, 2015 I am honored to be speaking with an amazing group of people on cyber-attacks and their impact on businesses. If you can be in Oak Brook, Illinois on Tuesday, July 21st from 8:30 – 11:30 am, please sign up for this free event (details below).
Did you know that most companies take over six months to detect a data breach. It was recently reported that the average commercial business is faced with continuous attacks and most of those organizations are unaware a breach has occurred.
Businesses are facing ransoms, corporate take overs and their information is being sold on the black market. The best case scenario is that the cyber thieves simply hold the data for ransom – forcing the organization to pay top dollar to purchase it back. However, these thieves know that the data stored by commercial businesses, public entities and organizations is valuable – ranging from trade secrets to sensitive customer data. If accessed, this data can be sold on the black market for high prices. The threat of private and secure information being leaked for the world to access creates an entire new set of concerns for businesses.
Despite this, business owners of all sizes continue to function under the false belief that they are protected and their IT department is mitigating potential breaches. When in reality, they have already been breached.
Here is a sneak peek at some of the issues we will be talking about during the presentation:
Technology
Michael Quilty of Peterson & Associates is a highly certified subject matter expert in the field of Cyber Security and has consulted on information security programs for government agencies including: U.S. Department of Defense, U.S. Courts, Massachusetts’ Department of Workforce Development, and the U.S. Department of Agriculture. Mike will explain how a data breach happens, the types of security that can be used to prevent a data breach and what to do once a data breach takes place.
Employment Law
Violet M. Clark is a partner at Laner Muchin in Chicago, IL and also serves as a Hearing Officer for the City of Chicago Commission on Human Relations and the Cook County Human Rights Commission. Vi represents management in employment law and labor relations matters. Vi will discuss the impact of a data breach on employees and other employment related issues that develop as a result of a data breach.
Civil Liability & Notice
As the retail, restaurant and hospitality lawyer of the group, I will discuss the civil liability and notice requirements relating to a data breach. More specifically, I will discuss the state and federal laws that address data breaches, the notice requirements following a breach, causes of action that arise as a result of a breach, the types of penalties and damages that are imposed following a breach and how to minimize liability risk.
Insurance
Mike Richmond is a risk advisory consultant with The Horton Group. He has spent the past eleven years consulting with mid-market businesses and organizations on how to coordinate insurance programs alongside proper risk management policies and procedures. Much of his focus has been in the crime and cyber liability fields, addressing coverage for network security, business income loss, and electronic banking loss. Mike will discuss how data breaches are handled by general insurance coverage and specific types of coverage that are available for a data breach.
If you we like to attend, see below. If you are not able to attend, let me know and we will contact you if a Chicago presentation is scheduled.
Presentation Information:
Exposed, Targeted & Breached: Your Business Has Already Had A Cyber Attack
Date: July 21, 2015 from 8:30 – 11:30 am
Location: Hamburger U, Oak Brook, IL
To register for this free event (which will include breakfast):
Call Horton Group at #708/845-3341 or
www.thehortongroup.com/workshops