November 28th Dinner Meeting: CYBERCRIME: INSURANCE COVERAGE ISSUES AND OPTIONS?

OVERVIEW

The presentation will consider the nature of cybercrime in general and will provide specific examples of the relatively more common types of cybercrime for people and businesses. This will include a discussion as to how parties can sustain losses in their own right, or be exposed to legal claims by third parties as a result of, for example, data breaches.  The presentation will finish with a discussion about the types of insurance coverage that exists, the potential problems with such coverages, and the potential gaps in such coverages.

THE PRESENTER

Reid Lester is a partner at Laishley Reed LLP.    Mr. Lester practices in the areas of commercial fraud, banking and bills of exchange, insurance and all forms of recovery actions.  He has extensive experience in:

  • fidelity insurance matters (both 3D and FIB) with respect to coverage issues, claims, recovery actions, and the drafting and design of bonds and policies
  • commercial fraud matters relating to advice to both insurers and financial institutions in fraud-related claims, subrogation and recovery claims, including Mareva injunction motions and other related orders
  • advising financial institutions on banking operations, account agreements, bills of exchange issues, breach of trust matters, and Canadian Payment Association clearing rules issues
  • liability and property insurance matters with respect to coverage issues, defending liability actions and asserting subrogation claims

Mr. Lester is a frequent presenter at industry conferences and seminars in the areas of commercial fraud, banking litigation issues and fidelity insurance bonds.

He articled and worked at a large national firm in the early 1990s before moving to an insurance boutique firm where he practised for over 10 years. Prior to joining Laishley Reed LLP in 2007, he spent a further three years as a partner at another large national firm. Mr. Lester was called to the Ontario bar in 1990.

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