Risk Management for the Technology Sector: A Year in Review

Print  | 

Palo Alto, CA, December 31, 2010 — 2010 was a year of technology achievements, discoveries, litigation, compliance and legislative changes. That was the theme of the keynote speech from Julie Davis at the California Women’s Network Group meeting held at the Four Seasons Hotel in Palo Alto, California.

With the calendar year coming to a close, Davis provided a speech entitled “Technology Risk Management: Year in Review,” scoping the top trends driving risk management in the technology sector.

The hour-long keynote included:

• Review of the top 30 court cases that topped the news for technology firms in 2010, including class actions, U.S. Supreme Court decisions and surprising twists in cases involving network, privacy, security and technology E&O.
• Review of the top 10 legislative issues to watch in 2011 and review of the insurance disputes and claim denials that made the headlines in 2010.
• Review of the adjustments that insurance carriers and CFOs may need to anticipate in 2011.

Most sources predict a slight uptick in litigation for technology firms in 2011 and most is expected in the areas of compliance, intellectual property, network risk, privacy and security and contractual matters.

Julie Davis joined Heffernan Insurance Brokers after a long tenure with Aon, managing their national emerging technology division.

She is also the founder of non-profit RiskCommunities (http://www.riskcommunities.com) and shared the vision of the non-profit Tech Risk Institute™ (http://www.riskcommunities.com/interviews-with-cool-friends/) with the audience. To date, she has conducted over 20 video interviews on topics, key to the technology sector, including:

Intellectual Property Strategy: http://www.youtube.com/watch?v=SKXhszwtoeI

Update on Patent Litigation: http://www.youtube.com/watch?v=4YgkZsrPddU

Update on Patent Markings: http://www.youtube.com/watch?v=KSDCZmVa1Mo

Update on Bilski Patent Case and Impact on Tech Sector: http://www.youtube.com/watch?v=3M7U6Nixqnw

Changes in Venture Capital: http://www.youtube.com/watch?v=YFLH1Pg10ac

Business Valuations from Venture Capital Perspective: http://www.youtube.com/watch?v=8rdTLagLj28

Economy and Changes in Business Valuations: http://www.youtube.com/watch?v=WYEmobfOxpk

Perspective on 409A, Valuation, Purchase Price: http://www.youtube.com/watch?v=CNL-4XStk_8

Risk Management, Innovation and Launching New Ideas: http://www.youtube.com/watch?v=40BItg9tq7E

Davis has also begun interviews with economic buyers of the technology sector that experience unique risk management needs: http://www.youtube.com/watch?v=6f2v0y-rNy0

Anna Smith, president of the California Women’s Network Group, commented on the great turnout and interest in the presentation: “Technology companies are interested in innovative ideas to help them solve their challenges.”

Information about “Technology Risk Management: Year in Review” is available to CFOs or Legal Counsels of technology firms in the U.S. Please send an email, along with your name, title, phone and company name, to info@riskcommunities.com

California Women’s Network Group logo:

http://www.ereleases.com/pic/CA-Womens-Network-Group.jpg

Other press releases from California Womens Network Group

• Sustainable Industry and Collaborative Sharing Tech Firms Gets Specialized Insurance and Risk Management Advice - April 19th, 2012
• Insurance and Risk Management Challenges for Collaborative Consumption Firms - September 30th, 2011
• Nothing More Pressing Than Growth – How Will Your Organization Prevail? - October 1st, 2010
• Tech Firms Have Opportunity to Get Jump on Future - April 23rd, 2010
• Women's Network Group Helps Social Network Firms Navigate Risks - July 29th, 2009