Speaking a Common Language:
From On-Boarding to the Board Room
Cyber and climate change risks are now ranked as the top concerns facing the world and, economically, they represent huge societal, human and business costs. A cyberattack can jeopardize operations and create reputational and brand damage, which causes irreparable harm to larger companies and threatens the very existence of smaller ones. Cyberattacks can also bring public infrastructure to its knees.
Organizations are becoming more invested in mitigation and are aware of their obligation to manage down cyber risk, yet precisely where ownership lies regarding corporate resiliency is often unclear and unclaimed. As threat actors continue to evade into their virtual rabbit holes, the chasm widens between the real exposure on the front line and the perception of cyber risk in the boardroom.
The carefully curated world-class agenda for the second annual Bermudian edition of the International Cyber Risk Management Conference focuses on tangible takeaways that cyber risk stakeholders can use to strengthen resilience and improve cyber risk communication across their organizations and their supply chains.
Wednesday, December 04, 2019
IBM's X-Force Immersive Cyber Simulation
Limited space - apply upon registration Develop the knowledge and steps required to prepare for your organization’s worst day with an intense, immersive experience that provides critical cybersecurity and leadership skills in a simulated and gamified environment. This one-of-a-kind session will be led by an elite squad of experts from IBM X-Force Command skilled in training organizations in crisis response – including teams from many of the world’s largest banks, intelligence agencies, and top energy and technology companies. This exclusive first-come-first-served session is reserved for a maximum of 80 select conference delegates.
Welcoming Cocktail Reception Sponsored by AXA XL
Thursday, December 05, 2019
Speaking the Same Language: Bridging the Gaps Between Boards, CISOs, CROs & CLOs
Stakeholders in the C-Suites and Boards of organizations, as well as the team members who support cybersecurity functions, frequently view the cyber risks to their organizations through very different lenses, and speak about those risks in different ways. These differences can lead to profound gaps in understanding those risks and the measures that are appropriate to mitigate them, which increases the likelihood that the organization will suffer both indirect and direct harms. With stakes so high, effective CISOs need to align cybersecurity strategies with the goals and objectives of the organization with the full support of the Board and C-Suite. Please join us for a discussion of strategies for overcoming the challenges that organizations face in mitigating cybersecurity risks in today’s world.
Chief Security Officer, Argo AI and adjunct faculty member at Carnegie Mellon University
Networking Break Sponsored by RSA Security
Emerging Coverage and Claim Trends
Cyber risk continues to be the amorphous and seemingly indefensible threat facing businesses of all types and sizes, and insurers are continually tailoring their policies to respond to the ever-changing environment. It is imperative that we stay on top of emerging cyber trends and prepare ourselves accordingly. Join this panel of experts as they provide an overview of the emerging cyber risk coverage and claim trends - what we can expect and how best to prepare for it. Audience Q&A is encouraged.
Senior VP and National E&O/Cyber Product Leader Aon Professional Risk Solutions
IBM's X-Force Immersive Cyber Simulation Takeaways
A recap from yesterday's cyber simulation. Representatives from IBM X-Force Command and select session participants share key highlights and learnings from this exclusive experience with the broader conference attendee group.
The CISO Perspective
We often hear conflicting messages on what CSO/CISOs experience in the real world. Two CISOs share their candid views, concerns, lessons and strategies for managing digital risk as part of this world-class panel. Hear how top security leaders handle the evolving cyber risk challenges, where they are focusing their attention today and what to expect of this dynamic and fast-moving threat landscape. Don't miss out on the conversation.
The InsurWave Story: Transforming the Supply Chain and Improving Cyber Security in One Fell Swoop
In 2018, EY and industry participants launched the first marine insurance blockchain platform. By connecting participants in a secure, private network with an accurate, immutable audit trail and services to execute processes, the platform establishes a first of its kind digital insurance value chain. Be in the room to learn more about this industry first and join in the discussion on why this is only the beginning.
Networking Break Sponsored by Kroll
Case Studies That Will Keep You Awake at Night
Keeping on top of the most important trends in cyber security is challenging not only because of lack of data, but because of the varied nature of it. Be in the room and hear from renowned experts as they discuss the top cyber threat case studies that keep even the highest-level cyber security leaders awake at night. This panel will discuss a variety of cyber threat case studies from elaborate human engineering schemes to negligence, impact on reputations, court decisions/legal, policy wording/coverages and technological/governance lessons learned.
The Emerging Threat Landscape, a Conversation
The threats we face continue to escalate as attackers gain sophistication, employ new types of attacks, and target technologies traditionally assumed to be safe. With more attackers also joining the fray, the need for institutions to understand how they are targeted is of paramount importance for strategically managing their cyber risk. In this session, hear about current threats, how well industries are defending against them and what approaches they are taking to strengthen cyber resiliency.
Cocktail Reception Sponsored by Deloitte
Friday, December 06, 2019
Digital Transformation: The Promises and Challenges of Fintech and Banking
The digital disruption caused by this new era has changed the way businesses and financial institutions, such as banks and insurance companies, are now having to deal with the services they provide to their customers. While the end result is creating a better, faster and more efficient way for those services to be utilised by organizations and regulators alike, they also present several problems which require tackling, including AML and cyber risk.
Chief Fintech Advisor to the Premier of Bermuda & the Fintech Business Unit, Government of Bermuda
Deploying Cyber Capital in Bermuda
The Bermuda market has long been known for its expertise in natural catastrophe and specialty coverage of matching capital to risk and is proudly referred to as the ‘World’s Risk Capital’. It’s no surprise this winning formula is being deployed in Cyber, and the Bermuda market is playing a key role in the development of cyber reinsurance. The innovative, agile, and entrepreneurial attributes of the Bermuda market are well aligned to develop and build scale of cyber coverages with the power of Bermuda capital, capacity and expertise. Bermuda based re/insurers and leading global re/insurers with Bermuda platforms rely on a responsive regulatory environment for new product development and world-respected regulation. The rapidly evolving cyber coverages, including a market move to stand-alone products, will require participants to leverage their market positions and continually adapt to the changing uncertain nature of cyber protection, particularly in the tremendous, cyber protection gap space of small-to-medium enterprises. The Association of Bermuda Insurers & Reinsurers (ABIR) will moderate a panel of Bermuda insurance, reinsurance and regulatory executives to explore the dynamics of matching cyber risk to capital.
Director of Policy and Regulation and Corporate Secretary Association of Bermuda Insurers and Reinsurers
Networking Break Sponsored by Bitsight
Fireside Chat: The Good, The Bad and The Ugly
For good and bad, our dependence on cyberspace is firmly established and ever evolving. New technologies provide new social, political, and economic opportunities, as well as increased dependence and, in turn, unexpected vulnerabilities. But the news isn't all bad. There are also opportunities to be seized. ICRMC Bermuda Emcee Adam Segal sits down with the IBM Global Leader of Counter Fraud and Financial Crimes, Richard Hoehne, who will relay his views of the day-to-day realities and constraints, and perspectives on changes visible on the horizon and farther off.