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Thank you Stephanie Stacey, as with other UK firms, Capita’s cybersecurity challenges are unlikely to stop with the UK DPA. EU cyber regulation NIS 2 and DORA will come into effect in late 2024, requiring CNI providers and Financial Institutions (FIs) oversight and assure their cybersecurity risk management, and that of their third party suppliers, including MSPs.
The SEC final cyber ruling passed on the 26th July 2023 effects U.S Domestic and Foreign Private Issuers. While Capita is not a U.S market registrant, UK and EU registrants are required to oversight and assure the cyber risks of their third party suppliers, that includes MSPs.
One therefore has to consider the effects of U.S and EU cyber regulation.
#cybersecurity #cyberriskmanagement
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