On Thursday, December 11, 2014, WaterISAC will host a panel of experts who will discuss emerging legal risks and standards relating to cybersecurity and critical infrastructure sectors. They will also address specialized insurance and how it can be used by water and wastewater utilities to help mitigate the financial and reputational repercussions of cyber incidents. The webcast is open to WaterISAC members and non-members, and registration is required.
The panel will look at some of the potential liabilities utilities can be exposed to due to cyber incidents and how an evolving legal “standard of care” will require increased investment in cybersecurity prevention programs as well as cyber risk transfer and acceptance. The risk transfer process of procuring specialized insurance products can help to indemnify organizations from damages resulting from allegations of negligence or misconduct. The panel will further explain what cybersecurity insurance entails and the different types of policies available, including the extent of coverage each provides.
WaterISAC’s guest panelists are Steven Bonafonte, Attorney, Pullman and Comley, LLC; Jim Grooms, Vice President - Commercial Lines, Brown & Brown of New York, Inc.; and Bob Bregman, Senior Research Analyst, International Risk Management Institute, Inc.