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The Philippine Insurers and Reinsurers Association (PIRA), in partnership with IPV Network and the Insurance Institute for Asia and the Pacific (IIAP), will be conducting a two-day free webinar on Cyber Security and the Insurance Industry on February 4 and 5, 2021, via Zoom meeting application.
Entitled "CLOSING THE GAP - Cybersecurity and the Insurance Industry" this very important webinar will have inputs from foreign experts on very timely topics such as evaluating cyber risks, cyber security governance and compliance, cyber security incident response and recovery, and targeted threat intelligence.
Mr. Ramon Dimacali, a former Chairman of PIRA and former President of IBM Philippines, IIAP, and FPG Insurance, will be the Keynote Speaker in the event.
Mr. Michael Rellosa, PIRA Executive Director, Mr. Francis Papa, IIAP Executive Director and Ms. Ma. Divina T. Tablante, IIAP Education Director, will serve as Moderators.
There will be four speakers for February 4. Mr. Itay Yanovski of CyberInt will present the Changing Cyber Threat Landscape. Mr. Ivan Jude Busgano of IPV Network will talk about Cybersecurity Governance and Compliance. Mr. Nir Greenberg of Illusive Networks will focus on Evaluating Risks and Implementing Controls. And, finally, Mr. Jonathan Nativ of Silverfort will speak about Keeping a Close Eye on Your Crown Jewels.
For February 5, Mr. Alex Peleg of Cilynx/Cynergy, will present something about Cybersecurity Incident Response and Recovery, while Mr. Itay Yanovski will again speak, this time about Targeted Threat Intelligence.
PIRA is inviting all Presidents and CEOs of insurance companies, including the Chief Technology Officers, Chief Finance Officers, Data Privacy Officers and Chief Compliance officers to attend this free webinar.
PIRA Executive Director Mr. Michael Rellosa said that as all insurance companies accelerate their adoption of digital technologies to adapt to the challenges posed by the Covid-19 pandemic, their exposure to cyber threats increases dramatically.
"This webinar aims to enlighten the leaders and decision-makers of all insurance companies on the realities of cyber security and to arm them with necessary knowledge and tools to protect their companies from cyber threats," Mr. Rellosa said.
There is still no available data related to the extent of cyber crimes involving insurance companies in the Philippines. However, a recent Bangko Sentral ng Pilipinas (BSP) survey showed that banks have experienced cyber security attacks during the first nine months of the pandemic. These attacks ranged from disruption of the banks' system, stealing money and Internet Protocol addresses, hacking, malware, fraud, phishing and insider attacks.
Three fourths of the surveyed banks said financial losses are the most worrisome impact of cybercrime events, followed by breaches on customer data and reputational risk.