Cyber Risk and Accountants Best Practices
Total Credits: 1 including 1 Information Technology - Technical
- Average Rating:
- 282
- Categories:
- On Demand Pass | Technology
- Faculty:
- Douglas Rumi, CFM, MA, Doctoral Candidate (Finance) | Darren Faye
- Course Levels:
- Basic
- Duration:
- 51 minutes
- License:
- Access for 90 day(s) after purchase.
Tags: On Demand ACPEN Produced
Description
Information Technology plays an increasing role in all social and business interactions. Its evolution continues to create efficiencies and improvements affecting individuals and organizations all over the world. At the same time technology itself may present unintended consequences when improperly used, or not, and is always still vulnerable to human manipulation. In this class students will learn to identify emerging cyber risks, understand evolving threats and development of cyber security responses.
Learning Objectives:
- Learn about the evolving scope of cyber risks and their impact on businesses
- Learn the fundamentals of performing technology security assessments
- Hear updates about employee awareness training and IT network administration
- Learn of trends and developments with cyber insurance policies
Major Subjects:
- Organizations and their professional advisors must address their individual and networked exposure to cyber loss through risk identification, security implementation and continuing awareness campaigns
- Insurance indemnification for 1st and 3rd party cyber loss continues to evolve alongside traditional insurances, but they may present subjectivities and warranties restricting or limiting coverage
- Data breach and IT Crisis response industries have performed well to mitigate some data loss incidences, but they face an increasingly complex technology environment untested with catastrophic, systemic risks
Course Materials
| Slides PDF (1.1 MB) | Available after Purchase | ||
| Q and A Document (13.6 KB) | Available after Purchase | ||
Faculty
Douglas Rumi, CFM, MA, Doctoral Candidate (Finance) Related Seminars and Products
Professor
Professor Ruml did his undergraduate studies at Ohio State, Hebrew and Ambassador Universities. His Master’s degree was completed at the California State University. He is currently working on his doctorate in Business Administration at Northcentral University. Professor Ruml completed the Certified Financial Manager program at the Donald Regan School in Princeton, as well as achieving securities licenses in General Securities and Options (Series 7), Managed Futures and Commodities (Series 31), State Agent (Series 63), and Federal Investment Advisor (Series 65). He is a registered Property, Casualty, Life, Accident & Health, Variable Life, and Variable Annuity agent.
Professor Ruml began his career as a Reinsurance Broker in New York, where he created the first computer-based natural catastrophe models in-house for a major reinsurance intermediary. In the 1990's he was a co-founder of a British public software corporation (reinsurance underwriting/actuarial software, and corporate insurance distance learning), and was, in the following decade, an equity partner at a Columbus area boutique/specialist professional liability insurance firm, where he ran marketing and the loss control program.
As a global executive (and sometimes expatriate), Professor Ruml has lived in or extensively visited countries in North America, Europe, the Middle East, East Asia, and the South Pacific. He currently serves as a professor in the Graduate School of Business at Ohio Dominican University where he designed and teaches the Corporate Information Strategy & Management course.
Darren Faye Related Seminars and Products
Executive Vice President
Darren is Executive Vice President at Dawson Companies, an AssuredPartners Company. His background is in IT Security and Enterprise Risk Management with a focus on information security. He works nationwide with a wide range of clients ranging from manufacturers, software developer, franchise systems, and technology/IT-related companies. Darren helps bridge the gap between the cyber exposures a company faces and the ability to reduce their risk and in some cases, transferring that risk to an insurance company. He has been with the company for over 17 years.
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