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Each week on “I’m a Millionaire, So Now What?”, Colleen O’Connell-Campbell, Wealth Advisor at RBC Dominion Securities, delivers inspirational stories and practical advice to self-made millionaires and wealthy families. With a focus on financial planning and wealth management strategies, Colleen and her guests cover the critical issues that truly matter to you, including succession strategies, family business governance tips, how to cope with fundraiser fatigue, finding your purpose after losing your family business, and much more.

Oct 24, 2019

Catherine Evans is the Senior Vice President and National Cyber Practice at Marsh Canada, a global leader in insurance broking against the fast-evolving cyber risks to Canadian companies. Catherine’s insurance career began in 2001, from which she has built considerable experience in specialty lines of insurance and cyber privacy. She is an expert in cyber liability for the Toronto area and has a B.A. from Queen’s University.

 

Catherine joins me today to share the facts surrounding cybersecurity for businesses of all sizes. She highlights the current number of cyber incidents and reveals why they are on an upward trend. She shares vital information surrounding the regulation that has recently been put in place and the potential damages, fines, and liability that may be levied against companies and directors. She also highlights the additional benefits of taking out cyber insurance, including access to a breach coach.

 

“The emerging idea is that there can be personal liability associated with the board of directors if cyber events take place.” - Catherine Evans

  

Today on I’m A Millionaire...So, Now What?:

  • Catherine’s background and role in cybersecurity with March Canada.
  • The current state of cyber risks and the increasing number of cyber events.
  • Why the number of cyber events is spiking.
  • How cyber events can affect directors and share prices.
  • How the regularity landscape is beginning to change.
  • The penalties associated with the Digital Privacy Act that applies to all businesses of any size.
  • What to do if you don’t have an incident response plan in place.
  • The unique features of cyber insurance.

 

 

Catherine Evans Marsh’s Fun Frank Advice for Self-Made Millionaires & Wealthy Families:

  • Make sure that you talk to someone who specializes in this type of insurance because it is pretty sophisticated and technical.

 

 

Connect with Catherine Evans:

 

 

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