Join us for ISACA Chicago Chapter Meeting & In-Person Networking Event - August 2023
Topic: The Rise and Eventual Fall of Cyber Insurance & Maintaining Cyber Resilience through a Multi-Disciplined Approach
[First Session @3:00 PM]: The Rise and Eventual Fall of Cyber Insurance
Pay now for better security or later in deductibles and reputational damage from a breach. Beware the plaintiff’s bar.
3rd party audits are worth their weight in gold because everyone thinks they are perfect until they are told otherwise.
Excluding cyber breaches from the limitation of liabilities can be fatal for your company.
AI can be a great tool if used appropriately but increase liability if used unchecked or inappropriately.
Keep carriers and brokers on their toes, and go out to market.
Our first guest speaker, Christopher Mermigas is the Head of Legal at RSA. Chris leads Legal and Compliance and is responsible for minimizing legal risk and costs, reducing litigation exposure, and ensuring legal compliance efficiently, expeditiously, reliably, and professionally. Christopher has more than 10 years of experience in both government and in-house positions, along with a strong background in both cybersecurity and law enforcement. Previously, he served as the General Counsel and Data Privacy Officer for Valid and Assistant General Counsel for the City of Chicago’s Clerks Office.
Co-presenting at the first session is Mary Engstrom, vice president of HUB International Midwest Limited's Professional and Executive Liability Group (ProEx). She is responsible for maintaining the Cyber Liability book of business, marketing, and market relationships in the Chicago hub. Mary joined HUB in 2017 to further grow the cyber division of the ProEx team in Chicago. Before joining Hub, Mary served as the Account Manager at a wholesale brokerage focused on Cyber Liability, E&O, and Management Liability. She maintained the renewal book of business and continued to grow relationships within the Chicago region. She has been in the professional liability space for over 10 years.
[Second Session @4:00 PM]: Maintaining Cyber Resilience through a Multi-Disciplined Approach
Cyber incidents and data breaches continue occurring at an unprecedented rate across all industries, particularly within the financial services sector, which already surpasses nearly all other industries in demand for stringent security, regulatory compliance, and maintaining comprehensive risk management governance. The protection of customers and other sensitive data continues to be a top priority as successful attacks can often result in significant operational disruption, reputational damage, regulatory penalties, restrictions on business activities, and financial loss for the organization. With cyber threats continuing to evolve in scale and complexity, many organizations have been focusing on maturing Cyber Resilience Programs to provide a multi-disciplined approach for managing cyber risk through a combination of traditionally siloed activities.
3 Key Learning Objectives:
Emerging risks and trends we’re observing (particularly in the financial services industry)
Understanding of Cyber Resilience and the difference between traditional approaches to risk management.
How organizations can benefit from Cyber Resilience Programs compared to traditionally siloed risk management processes.
Our second guest speaker, Eric Chan is a GRC and Risk Advisory Services practice leader with over 15 years of experience helping companies navigate complex regulatory environments while providing comprehensive operational, information technology, and information security risk management solutions. He offers extensive experience operating in all three lines of defense, including at several of the country’s largest financial institutions with significant subject matter expertise in IT Governance, Infrastructure, Information Security/Cybersecurity, Data Protection, Enterprise Risk Management, and Vendor/Third Party Risk Management, Compliance (including AML/BSA/KYC Compliance), Finance & Accounting, and Capital Planning. Prior to joining MorganFranklin, he spent over 10 years at Fifth Third Bank and served as a Senior Audit Manager II, VP.
*Early Bird Discount: Those who register by August 11, 2023, save $5 off the registration fees.
2 CPE credits will be earned by participating in this August in-person chapter event.
Note: ISACA Members are requested to register with the same email id as that in your ISACA profile for direct CPE uploads.