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Navigating an evolving cyber insurance market and an insight into claims trends (Webinar)

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Hackers and cybercriminals continue to pivot and succeed in deploying new attack strategies, with family businesses being among the most commonly targeted entities for cybercriminals.  In its recently issued Cyber Threat Report, published annually, the Australian Cyber Security Centre (ACSC) says in the year to June 30 2022, it received over 76,000 cybercrime reports, up 13% from a year earlier which it says equates to a report every seven minutes.  It identified 5 key cyber security trends in the 2021–22 peiod:

  • Cyberspace has become a battleground, and increasingly the domain of warfare
  • Australia’s prosperity is attractive to cybercriminals
  • Ransomware remains the most destructive cybercrime
  • Worldwide, critical infrastructure networks are increasingly targeted, by both state actors and cybercriminals
  • The rapid exploitation of critical public vulnerabilities became the norm

Locally, towards the end of 2022 we experienced significant cyber-attacks on two of our largest corporates, affecting millions of customers and resulting in major losses for both of the organisations, as well as reputational damage.  Ransomware attacks are now more sophisticated and much more invasive, often ex-filtrating or deleting sensitive data and disabling networks. Organisations across all sectors have seen ransom demands and subsequent amounts paid increasing exponentially. 

Join us on 7 February for this webinar to hear from cyber insurance specialists Brett and Emily who will discuss:

  • The current cyber challenges for the family business sector
  • How the landscape continues to evolve
  • The impact this could have on family businesses both financially and operationally
  • A case study of a recent cyber breach

Meet the speakers

Emily Wong – Account Manager, Gallagher

Emily’s career in insurance began at Gallagher in 2019 as an assistant within the Corporate branch, then seamlessly into the Professional and Financial Risks team in Victoria. Emily comes from a business development background in the accounting software industry while simultaneously studying for a Diploma in Business Studies at Deakin University.

Leveraging her experience in sales, Emily understands the importance of maintaining strong, trustworthy and transparent relationships with clients to provide efficient service at all times.

Emily has strong expertise across the suite of financial lines policies, with a particular focus on Cyber.

Brett Parnell - Client Manager, Gallagher
Brett has extensive professional and financial risks insurance experience and is an expert in securing placement for hard to placed risks. His technical expertise includes D&O, Cyber and Crime. Brett has a background working with clients across various industries, including Technology, Retail, Utilities, Government and Professional Services.

This webinar is free to access for FBA members.
For non-members, a small service charge of $25 will be required upon registration.

After you complete the registration process, you can expect to receive detailed instructions on how to access the webinar at a later time.

We encourage you to join for the live session, however for those who can’t make the date and time, you can register to receive a link to the recording after the session.

Please contact our office on 1800 249 357 or an if you have any questions or require assistance with your registration.