We are excited to announce the first in the HB Cyber Sector Risk series of events designed to deliver deep dives into specific and critical emerging issues in the cybersecurity and law arena.
Join us in New York on April 25, 2018 — or participate via the web* — for one or both of these half-day seminars designed to give you the background and practical insights you need to develop your practice, protect your client, or advise your company or law firm on Blockchain Security and/or threats to U.S. and global Critical Infrastructure.
If you are interested in participating in this or future events, please send us a speaker proposal! Click here.
Both programs will be held at The Roosevelt Hotel, 45 East 45th Street, New York. Phone: 888-833-3969.
Registration is $495 per person per event. Register for either event or both using the same form. Join us in New York or via webstream. Sales Contacts: Brownie.Bokelman@LitigationConferences.com and Suzanne.Armstrong@LitigationConferences.com.
* Webcast not available in New York, New Jersey, Pennsylvania, Connecticut.
7:30am-12:45pm EASTERN | APRIL 25, 2018 | NEW YORK
Faculty coming soon!
What It Is, What It Could Be, and What It Might Mean to You
According to an article from RSA Security, blockchain is a “chronological chain of blocks where every block contains a set of transactions/records and a reference to the previous block.” This creates a “digital ledger” which is “immutable and can be distributed in a way that peers in the network can come to a global consensus on adding new blocks and also agree on the true state of ledger.”
Insurance coverage attorney Laura Foggan of Crowell & Moring recently shared with me the many applications blockchain might have in the Insurance Sector. These include smart contracts, claims settlement applications, and anti-fraud efforts.
Insurance recovery attorney Matt Schlesinger of Covington & Burling co-wrote an article for Corporate Counsel on the subject, specifically on smart contracts, saying they have “the potential to automate a wide range of manual processes in the insurance industry (including asset tracking and insurance claims settlement), and to enable insurance industry participants to better mitigate fraud risk, more efficiently price insurance coverage and to design personalized insurance offerings that better suit the needs of insureds.” In the meantime, the technology itself is something policyholders need to monitor and address with insurance, wrote Schlesinger and a colleague in an article for Law360.
The Law Firm Sector is paying attention. Groups of firms are forming around the idea of blockchain as the next big thing for the practice of law. Bob Craig, the Chief Information Officer at Baker Hostetler, was recently quoted as saying that “blockchain, more than any other technology, will drive the next wave of legal innovation and transform the business of law.”
The purpose of this seminar and webcast is to enlighten attorneys, companies and insurance carriers about the current uses (the rewards and the risks) of blockchain in the Financial Sector, and provide an outlook into the possibilities blockchain may provide for the Insurance Sector and Law Firm Sector. –Tom Hagy
7:30 | Registration & Breakfast
8:45 | Welcome & Opening Remarks
9:00 | UNDERSTANDING BLOCKCHAIN
Whether you have a basic understanding or have absolutely no clue, our panel will increase your practical knowledge of a technology that is being touted as the new and solid way to secure online transactions. At its core, RSA Security wrote in a recent article, a decentralized blockchain is “nothing but a chronological chain of blocks where every block contains a set of transactions/records and a reference to the previous block.” This helps establish a “digital ledger” which is “immutable and can be distributed in a way that peers in the network can come to a global consensus . . . on the true state of the ledger.”
What we will cover:
- Understanding the technology so you can be conversant or improve your understanding how blockchain works.
- Understanding the key advantages to blockchain, e.g. decentralization, storing value, speed, cost effectiveness, improved privacy.
- Understanding the blockchain vernacular and the players.
- Understanding why blockchain is considered so much more secure than prior methods of protecting online transactions.
- How to answer commonly asked questions and objections.
10:00 | OVERVIEW OF CURRENT BLOCKCHAIN APPLICATIONS
The financial sector has been the first to embrace digital money with popular cryptocurrency such as BitCoin, Ethereum, Dash, Monero and others. At its core these “digital tokens” are secure because they rely on the blockchain technology discussed in the prior session. The authenticity of each transfer is established as part of an unbroken series of valid transactions conducted by a variety of participants. Our panel will provide a primer and overview of this emerging manner of executing online monetary transfers.
What we will cover:
- How the financial sector is and is not using cryptocurrency.
- When things have gone well, and when they have crashed and burned.
- Potential legal liability and litigation risks associated with cryptocurrency.
- The regulatory landscape both at home and abroad.
11:00 | Break
11:15 | FUTURE APPLICATIONS OF BLOCKCHAIN
Experts say that the true beauty of blockchain is that something can be “digital and unique without a real-world representation.” That means the technology can make important online activity and transactions more secure, such as legal contracts. One attorney recently said blockchain will be the biggest thing in the practice of law since the advent of common law. Given the legal, contractual and data-driven aspects of insurance, the insurance industry is also a logical next step for the application of blockchain. Our panels will discuss these likely next areas of growth for blockchain and whether it will serve as a disruptor and an enhancer.
Part 1 | THE PRACTICE OF LAW SECTOR
- The development of smart contracts.
- Enhancing security and privacy.
- The potential to improve law firm efficiency and productivity.
- Eliminating constant human management of agreements.
- Adding artificial intelligence into the blockchain mix.
Part 2 | THE INSURANCE SECTOR
- Implications for data sharing and security.
- Application to claims processing, e.g. smart contracts.
- Enhancing anti-fraud programs, e.g. verifying customers, purchases, police reports.
- Current efforts to explore uses by the industry.
- Will blockchain disrupt the industry?
- Will blockchain improve trust?
12:45 | Adjourn to Lunch
11:30am-6pm EASTERN | APRIL 25, 2018 | NEW YORK
Faculty coming soon!
Aggressive and Targeted Attacks
Cyber attacks and data breaches are a threat to much more than our credit cards and hard drives. Terrorists have their sights on systems that impact every aspect of our way of life: our electricity grid, chemical production, supply chains, communications, shipping, air and rail transportation, banking systems, water systems and more.
According to the U.S. Department of Homeland Security, “Since at least May 2017, threat actors have targeted government entities and the energy, water, aviation, nuclear and critical manufacturing sectors, and, in some cases, have leveraged their capabilities to compromise victims’ networks.”
In its 2017 report, The President’s National Critical Infrastructure Advisory Council wrote: “Our review of hundreds of studies and interviews with 38 cyber and industry experts revealed an echo chamber, loudly reverberating what needs to be done to secure critical U.S. infrastructure against aggressive and targeted cyber attacks. Cyber is the sole arena where private companies are the front line of defense in a nation-state attack on U.S. infrastructure. When a cyber attack can deliver the same damage or consequences as a kinetic attack, it requires national leadership and close coordination of our collective resources, capabilities, and authorities.”
Attorneys representing clients in these sectors, as well as in-house counsel, are responsible for anticipating and understanding the full impact of these threats and what to do to mitigate the risk.
The purpose of this seminar and webcast is to educate attorneys at law firms, in-house counsel, insurance carrier on the liabilities, precautions and best practices they should consider to protect themselves from this significant and very real threat. –Tom Hagy
11:30 | Registration Opens
12:45 | Opening Lunch
2:00 | Welcome & Opening Remarks
2:15 | THE URGENCY OF CYBER THREATS TO U.S. AND GLOBAL CRITICAL INFRASTRUCTURES
“The electric grid and most infrastructure we have is actually fairly well built for reliability and safety,” writer Jesse Dunietz said in Scientific America. However, he continued, “That safety and reliability has never been thought of from a cybersecurity perspective . . . [O]ur adversaries are getting much more aggressive. They’re learning a lot about our industrial systems, not just from a computer technology standpoint but from an industrial engineering standpoint, thinking about how to disrupt or maybe even destroy equipment. That’s where you start reaching some particularly alarming scenarios.”
What we will cover:
- Nuclear power plants and the electricity power grid
- Chemical manufacture and distribution
- Shipping: threats to ports
- Financial services
- Water supplies
3:15 | UNDERSTANDING AND LIMITING YOUR LEGAL VULNERABILITIES
When any part of our critical infrastructure goes down, the ramifications go way beyond having to find your flashlight. How will your organization deliver goods and services? How will you guard your data? How will your operations be crippled? What liabilities will you face from customers, suppliers, and government agencies?
What we will cover:
- Third-party claims
- Physical damage
- Bodily injury claims
- Supply chain disruption
- Business interruption claims
- Regulator and compliance claims
4:15 | Break
4:30 | CASES IN POINT: LESSONS LEARNED FROM RECENT ATTACKS
In a post by Willis Towers Watson, The [WannaCry ransomware] attack first came to light mid-afternoon in the U.K. on May 12 and then spread across the globe, affecting computers in China, France, Germany, Japan, Russia, Spain and the U.S. The attack also impacted many industries, including health care providers (mainly hospitals), manufacturing, telecommunications, utilities, logistics, transportation and educational facilities.”
What we will cover:
- Understanding malware and ransomware attacks.
- How were these and other attacks executed?
- What vulnerabilities were exploited?
- How were these attacks halted?
5:15 | PREVENTING & MITIGATING THE DAMAGE CAUSED BY CYBER ATTACKS ON CRITICAL U.S. AND GLOBAL INFRASTRUCTURES
In a post for the Cyber Security Law & Policy blog, writer Ryan White wrote that President Trump’s announced strategy “acknowledges the threats that exist to critical infrastructure, federal networks, and security for both businesses and individuals in the private sector. The strategy identifies the nation’s cyber capabilities as determinative of its future: ‘America’s response to the challenges and opportunities of the cyber era will determine our future prosperity and security.’ The priority actions are: Identify and Prioritize Risk; Build Defensible Government Networks; Deter and Disrupt Malicious Cyber Actors; Improve Information Sharing and Sensing; Deploy Layered Defenses. All of those are laudable goals and logically sound steps to achieving cyber security. But, it is much easier said than done.”
What we will cover:
- How to identify and prioritize risks
- Building more defensible networks
- Improving information sharing and sensing
- Testing incident response and back-up plans
- Recovering from attacks
- Insurance coverage for liabilities and damage resulting from attacks
6:15 | Adjourn to Reception