Date: Wednesday, October 30, 2019
10:00am-11:40am PT / 1:00pm-2:40pm ET
Format: A BVR Webinar

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Featuring  (click image for bio)

Mike Blake
Brady Ware & Company
Charles Hoff
Data Security University

About This Program

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.


  • 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

Single Connection Policy

Admission to this event authorizes one computer and phone connection for one location. These connections may be transferred users and/or locations. Multiple concurrent connections for a single admission registration are not allowed.

Multi-User CPE Policy

Admission to this program includes one CPE certificate for one individual. Any additional listeners requesting CPE must pay a processing fee assessed at the completion of the online CE survey for this course.

CPE Processing Fees may be bypassed by entering a valid, unused CPE Authorization Code (for single event purchasers) or by logging into BVR's website (for subscribers to BVR's Training Series).

CPE Information

Prerequisites: Knowledge of Business Valuation
Program Level: Advanced
Preparation Required: None
Delivery Method: Group Internet-Based
Recommended CPE: 2 Credit Hours (Accounting Technical)

Closed Captioning:

BVR now has closed captioning on all 2019 past programs. To try out this enhancement, subscribers can login to the Desktop Learning Center, select a program, and click play video. The captions will start to play automatically, and can be disabled from the player per your preference.

Business Valuation Resources is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
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