From what one understands the hack has been going on for a month, with a little more than email being compromised. One suspects that INC Ransomware see CUP as a trove of valuable IPR to exploit and with annual revenues…
What constitutes materiality is a hot topic, with the recent SEC final cyber rule requiring covered companies report material cyber risks and incidents. The enclosed article by Shivaram Rajgopal, Kester and Byrnes Professor at Columbia Business School discusses the reporting…
The SEC has announced charges against the former CEO, CRO and CFO with misleading investors about the strength of its Bank Secrecy Act/Anti-Money Laundering (BSA/AML) program and monitoring of crypto customers. The SEC’s complaint alleges that Silvergate and the CFO misrepresented…
I am, to coin an English term Royally confused. We want to see growth in cyber insurance GWP; cyber risk is an emerging risk that requires the insurer to have underwriting flexibility; Insurers are becoming more selective in the clients…
The Indonesian president has ordered an audit of government data centers, after it was confirmed there was no DR in place to restore hacked data following a recent cyber attack. The enclosed video () of the parliamentary discussion last week…
One has been following this hack for a number of weeks since I heard about it on the proverbial grape vein through a friend of a friend. It appears that Cambridge University Press and Assessment may have been hacked by…
Why the kinetic battlefield is no a problem for NATO as it relates to Russia, but the logical battlefield is. A kinetic war will likely be to costly for Russia, and NATO if there were ever to be a war.…
While the virtues of AI are still unknown (I’ve not seen a reasonable business case yet) One must remember AI is still working its way through the regulatory mill. We must also remember that AI brings with it many challenges…
Well worth watching the Sub Committee hearing on Homeland Security discussing the effects of cybersecurity on Critical Infrastructure Resilience. Presentations by members of the insurance industry makes for interesting listening from 23 minutes. Cybersecurity continues to be a significant risk…
One wonders the effect on insurers as geoplotical tensions rise and cyber is used as a weapon, targeting CNI and the consequential losses caused. An article in the Telegraph yesterday (Paywall) () alluded to the need for a robust response…
