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An interesting thought, what do you do then the hackers are threatening to tell the markets about your vulnerabilities. ‘Give us more money or we will squeal’ to everyone about the vulnerabilities we just exploited. Something they already threaten to do.
What will U.S banks in the EU do when the EU DORA and EU NIS 2 comes into effect next year requiring an early warning report of ‘significant’ incident within 24 hours? Or regulators pile in on the boards of banks licensed in Australia, and their cybersecurity reporting. Or other U.S agencies bring in cyber reporting times lines, CISA?
Either way, ban or not, one feels that cyber incident reporting is not the big issue here. Managing material cyber risks is a far bigger problem for covered entities.
Ted Dziekanowski Brian D. McCarthy Rachel V. Rose, JD, MBA Bob Dix
#paravasecuritysolutions #cybersecurity #cyberriskmanagement
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