Complimentary Webinar on Cyber Liability and Bank Card Insurance Coverage Tuesday January 20, 2015, 2-4 PM In 2014, thousands of financial institutions and retailers learned that a data beach is not a question of “if”; the only question is “when”? To assist our member banks in understanding the risks and how to mitigate and protect themselves, MBA and its wholly owned insurance agency Massachusetts Financial Services Insurance Agency, Inc., is sponsoring this complimentary webinar. Who Should Attend? Identifying risk exposures inherent in daily banking operations and matching these exposures to insurance coverages available is a matter of constant concern for all community banks. The concern is particularly enhanced by the fact that information exposures are difficult to control. Even with the best systems, controls and personnel, no business is immune. It only takes one small human error, or one clever hacker, to compromise millions of customer records. Registration: The first part of the webinar will address Cyber Liability/Internet Banking, with the focus being on understanding what cyber liability is, the risks associated with it, and the insurance coverage that is available for it. The second part of the webinar will address Bank Card Coverage, with the focus on understanding your exposure, the impact of fraud on your business, and the advantages of having this policy to insure against the fraud losses, as well as provide some coverage for card re-issue or replacement. What you will learn by participating in this webinar: This program will benefit bank CEOs, CFOs, senior officers, risk managers, human resource officers, compliance and IT employees – as well as anyone who is involved with identification of risk exposures, and management of the insurances. Please route to all appropriate departments. We cannot guarantee registration for incomplete and/or illegible registration forms. Your registration entitles you to 1 connection at 1 location with permission to copy materials for participants. Name_______________________________________________________ Title________________________________________________________ Bank_______________________________________________________ Street Address________________________________________________ City/State/Zip________________________________________________ Phone/Fax___________________________________________________ • What is the difference between Cyber and Hacking Protection from all other coverages? • Why won’t your CGL cover you, will D&O, Fiduciary or even EPLI insurance provide some protection Two ways to register: • What are the most common features, regulatory issues and coverages being offered today for financial institutions 1. Online: www.massbankers.org 2. Fax: 617-523-5960 • What are the KEY differences to look for and what “gotchya’s” do you need to avoid even where a form seems to provide the most features? • What are the current and developing digital transactions fraud trends? • How to reduce digital transactions fraud • What is the Bank Card Protector Policy, why do I need it, what’s my exposure? E-mail______________________________________________________ For More Information: Contact Theresa Reardon at 617-502-3853. Direct registration inquiries to Pat Tabolsky, [email protected] Invited Speakers: Frederick J. Fisher, J.D., President of Fisher Consulting Group, Inc., and Founder, E.L.M. Insurance Brokers, a Wholesale & MGA facility specializing in Professional Liability and Specialty Line risks. He is a Member of the Editorial Board for Agents of America; a Faculty Member of the Claims College, and Member of the Executive Council, School of Professional Lines sponsored by the Claims & Litigation Management Association, a Past President of PLUS, and a course designer for the Academy of Insurance (sponsored by the Insurance Journal). Fred has over 40 years of Specialty Line experience, has lectured extensively on professional liability issues since 1978, and has authored over 64 articles in trade journals and periodicals. Thomas P. Mulligan, Financial Institutions Manager, Frates Insurance & Risk Management LLC. Tom has focused his 35 years in the insurance business primarily on the specific needs of financial institutions and the electronic transaction industry. He brought his expertise as an underwriter in these industries to Frates Insurance & Risk Management in 2003. He worked as an underwriter and manager for both USF&G and BancInsure. He is a member in good standing of the Electronic Transaction Association, and has contributed articles to a wide variety of journals focused on financial institution operations. One Washington Mall, 8th Floor | Boston, MA 02108-2603 | 617.523.7595 | www.massbankers.org