The spot light moves further in on auditors as the oversight of auditors is harmonized between the SEC and PCAOB. As the PCAOB proposes expanding liability for individual auditors and certain accounting firms, when they contribute to violations by the…
ORBCOMM the U.S vehicle tracking solutions provider continues to suffer from a cyber attack that effected its trucking logistics platform. The attack started in early September and effects the electronic tracking of vehicles, required by the U.S Department of Transportation.…
Identify and Access management and ‘least privilege’ is a back bone to cybersecurity. The breadth and depth of damage reported by MGM follow the cyber attack is consistent with some reports that hacked had access to the firms Active Directory…
As the MGM cyber incident continues, the effect on is financial statements also continues. With predictions that the firm could be losing as much as $8.4 million per day, and on daily revenues of $42 million it’s a significant figure.…
Ted Dziekanowski, with so much that needs to be done to meet cybersecurity regulatory compliance, with so little resource available, and with consultancies selling audit and cyber skills. Why is there so little work, its perplexing. Are covered entities waiting…
If boards do not give cybersecurity and cyber resilience sufficient priority, this creates a foreseeable risk of harm to the company and thereby exposes the directors to potential enforcement action by ASIC based on the directors not acting with reasonable…
Oversight and assurance of the SEC final cyber rule starts in December 2023. Over 250 EU companies with a combined market capitalization of $6.5Trn (15th September) are registrants on the NYSE and Nasdaq. These registrants are required to meet the…
The Australian Securities & Investments Commission (ASIC), that overseas companies and financial services. Looks to be taking a leaf out of the SECs book, as it focuses on the role of the board in cybersecurity risk management. ASIC will seek…
The hack of Australian Law firm HWL Ebsworth is a well documented event, that included data from the Australian Government. In what is still an on-going investigation, a total of 65 government entities have been affected. While there is no…
Earlier this month the SEC filed charges against broker dealer virtu Americas LLC and its parent company Virtu Financial Inc for making materially false and misleading statements and omissions regarding information barriers to prevent the misuse of sensitive customer information.…
