Purchase the Training Pack ($269.00)
to get the recording, transcript, and presentation materials for this webinar in a single download. Please allow up to 30 days after the webinar for the Training Pack to be available.
Cyber liability is of increasing concern for business owners and executives. With the average total cost of a single data breach of $8.19 million in the U.S., shareholder value can be wiped out with the click of a mouse. Cyber risk is a relatively new risk yet is a particularly lethal one. According to Inc. Magazine, 60% of successful cyberattacks force the target business to close. Appraisals that fail to explicitly address this risk are ignoring a material risk. Join experts Mike Blake and Charles Hoff to learn how to address this risk as a noncyber risk expert and ensure that this very important risk is rigorously considered and captured in your business appraisal.
Program Agenda
Part 1 – Why is data security important?
There are increasingly strict regulatory requirements
It is a pillar of trust between company and customer
Non-regulatory liability
Can be a company and career crippler
Business disruption (in the case of ransomware or cyber vandalism)
Part 2 – What are the most typical sorts of vulnerabilities
User error – cite examples
Phishing-spearphishing – cite examples
Intrusion – cite examples
Viruses/trojan horses – cite examples
Part 3 – Regulatory frameworks
GDPR
California Consumer Privacy Act
Part 4 – How can an appraiser make an assessment?
10(?) Questions you can ask
Scorecard
When an external party should be called in.
Part 5 – How to address this in the appraisal?
Income approach – company-specific risk.
Market approach – multiple adjustment
Treat as a contingent liability (number of records x exposure per record x probability of breach)
Cost of remediation
Restitution
Fines
Legal defense
Stock value impact of public company breaches.
Option theory
Value at Risk analysis
Do nothing, and simply put the non-consideration of cyber risk as a limitation of your report
Cyberliability insurance may mitigate
Learning Objectives
Describe the extent of the exposure companies have to cyber risk
Restate the working knowledge of the most common and important types of cyber vulnerability as well as key privacy regulatory frameworks
Restate the questions to ask the management or ownership of the target company
Describe how to apply cyber liability information gleaned from the target into the valuation process
BVR's Training Packs are an indispensable addition to any valuation reference library. Use them as training tools as many
times as you'd like, wherever you are: play them at your computer at work or home, in your car, or on your personal audio device.
Delivered as an electronic download approximately four weeks after the program has aired, each Training Pack includes:
Recordings and transcripts of the presentation
All presentation visual aids and handouts
All ancillary reading materials suggested by our presenters
If you are ordering a Training Pack after the four week window, the download link will be sent to you immediately via email. Please
check your spam folder and add customerservice@bvresources.com to your “safe list”
to ensure you receive your Training Pack.
Business Valuation Resources offers a 100% money-back guarantee on our training services. If you are not completely satisfied
with your experience, or have any feedback, please contact Business Valuation Resources at 1-503-479-8200 or
customerservice@bvresources.com.
