Inga Goddijn & Becky Swanson
www.riskbasedsecurity.com & www.markelcorp.com
Risk Based Security / Markel
Becky Swanson is the Managing Director of Miscellaneous E&O at Markel; this includes the Misc. Professional Liability, Information Technology Professional and Data Breach Liability coverage. She began her insurance career in 1996 and is an experienced miscellaneous professional, technology professional and cyber liability specialist with experience in all professional liability insurance coverages. Managed a team of underwriters providing training and leadership with a focus on misc./technology professional and employment practices liability risks. Her focus has been on Miscellaneous and Technology Professional and Cyber liability coverage for the past 10 years. As the Managing Director of Misc. E&O, Technology and Cyber Liability products at Markel Corporation, she is responsible for policy language analysis and development, creation and implementation of underwriting guidelines, rate strategy analysis, training and continued education. Presentations including continuing education instructor on Cyber and Misc. Professional Liability insurance, coverage panels sponsored by brokerage firms, Data Privacy and Security Exposures for public entities, Panel discussions for ACI’s Cyber & Data Forum, NetDiligence Cyber Forum, PLUS panel discussions on Emerging Trends in Professional Liability and What’s New in the Realm of Real Estate and Cyber Security World panel on cyber insurance.
Inga has been involved with technology risk and specialty insurance coverages since 1993 and has a wealth of experience with information risk identification and transfer. Her focus is the strategic management of data privacy and security exposures, with an emphasis on leveraging data-driven risk assessment to build sustainable and scalable programs.
As the leader of the insurance practice group at Risk Based Security, Inga is responsible for a variety of client advisory services including management and mitigation of data security and privacy risk, policyholder risk reduction programs and the development and implementation of cost effective breach response solutions. As a strong advocate for sharing knowledge, Inga has presented at a variety of industry forums and has led many continuing educations sessions throughout the U.S. She currently holds a CIPP/US designation.
Show Me The Money! Uncovering The True Cost of a Breach
It’s become the quintessential million dollar question, how much does a data breach cost? Unfortunately reliable open sources for answering that question are few and far between. With budgets under a microscope and resources stretched thin, being able to reasonably estimate breach costs is an import part of gaining buy-in for new security initiatives and defining acceptable levels of risk. This session will demystify the process of estimating breach costs by taking a closer look at the different factors that drive event expenses. Using real case examples taken from actual breaches, the session will break down the various elements that contribute to the cost of a breach and include ideas for calculating these expense factors. We’ll round out the session with a discussion of how the breach, along with the response effort, influences “soft” costs as well, such as reputation damage and lost business.