holding private data: data protection regulation & insurance coverage issues
DESCRIPTION
The presentation is linked to an article published in the FERMA Newsletter 60 (http://bit.ly/VHCCZR). The New Data Protection Regulation is expected to boost demand for cyber insurance, but it is literally impossible to prevent some type of cyber attack like a Zero Day attack. If there is no coverage because of an exclusion, then what would be the use of such a policy? The ability of an organisation to be agile and react rapidly to a new IT threat should be at the core of the wording and pricing assessment of a cyber-policy.TRANSCRIPT
2014 FERMA
Why holding private data is going to be a riskier job
Future Data Protection Regulation in 2015 and insurance coverage issues
Julien Bedhouche FERMA European Affairs Adviser
1
2014 FERMA 2014 FERMA
Last stages for the EU Data Protection Regulation
2
2014 FERMA 2014 FERMA
European Parliament strenghtened the original proposal
3
2014 FERMA 2014 FERMA
More claims to come for the cyber insurance industry?
4
2014 FERMA 2014 FERMA
One illustration: Zero Day threat
5
2014 FERMA 2014 FERMA6
©2007 StillSecure. All rights reserved.
Critical phase where organisations need be agile and react rapidly to update their systems
Or exclusions could apply for not maintaining an updated IT system
2014 FERMA 2014 FERMA
CONCLUSIONS
7
2014 FERMA 2014 FERMA
Legal Notice© 2014 FERMA. All rights reserved. You are not permitted to create any modifications or derivatives of this presentation or to use it for commercial or other public purposes without the prior written permission of FERMA.
Although all the information used was taken from reliable sources, FERMA does not accept any responsibility for the accuracy or comprehensiveness of the details given.
All liability for the accuracy and completeness thereof or for any damage resulting from the use of the information contained in this presentation is expressly excluded.
Under no circumstances shall FERMA be liable for any financial and/or consequential loss relating to this presentation.
8