Virtual Reality, Real Risk: What Every Technology Company Should Know About Risk and Insurance (BDO and Woodruff Sawyer)

30 January 2019

Location:

Palo Alto, CA

Technology companies are increasingly facing the potential for bet-the-company losses and liabilities. They must protect themselves from growing threats of cyber-related attacks and losses, lawsuits, heavy fines for data breaches, DDoS attacks, phishing attempts, and other cyber-related problems. At the same time, they must protect critical intellectual property rights and address corporate issues that can create unexpected risks affecting their ability to develop and market their products.

This panel will analyze the modern risk environment for tech companies, as well as innovative insurance and other risk-mitigation solutions to mitigate cyber, data breach, intellectual property, and other business risks. The panel will help attendees identify practical solutions to enhance existing protections against risk, even in rapidly changing areas of the industry and economy.

Topics to be discussed include:

  • The latest trends in coverage for cyber-related losses and liabilities arising from malware, ransomware, and DDoS attacks, etc., including specialty cyber policies;
  • Insurance coverage for common intellectual property claims asserted by and against technology companies, including protection against the financial costs of copyright, trade secrets, trademark, and patent claims;
  • Potential new types of coverage for breach of data privacy laws and regulations, including coverage for penalties and fines, regulations, and for government investigations;
  • Coverage for technology-related M&A activity, including representation and warranties insurance, that may protect from the downside risk associated with frequent M&A transactions; and
  • Improving planning to minimize the financial impact of data breaches and other cyber events, including techniques for tracking costs to maximize insurance recoveries.

Moderator:

Participants:

  • Dan Burke, Vice President and Cyber Specialist, Woodruff Sawyer
  • Jonathan Cohen, Partner, K&L Gates
  • Sangeet Rajan, Managing Director, Western Regional Leader for Governance, Risk and Compliance, BDO
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