Ted Dziekanowski the WEF still holds cyber up there in the top 10 short-term and medium term global risks. Cybersecurity failure continues to feature as a critical threat, with low entry barriers, high rewards and a relatively low risk of…
A nice article on the challenges facing organisations and cyber insurance. I have to say I think the cyber insurance market is in turmoil. On one hand there are predictions that the market is going to be worth $Billions by…
Morgan Stanley Smith Barney (MSSB), now Morgan Stanley Wealth Management has been fined $35Mn by the SEC for its failure to protect its clients PII, that goes as far back as 2015. MSSB failed to properly dispose of devices containing…
Has a recent update by the SEC on crypton pulled the plug on banks custodial crypto plans. By treating crypto as a liability covered financial institutions have to hold capital under the Basel accords, pushing up the costs of crypto…
The developers of Grand Theft Auto (GTA) confirmed a data breach, with game content appearing on GTA forums. There are concerns that further source code, assets, and testing builds from both GTA 5 and GTA 6 were also compromised. The…
The Bank of International Settlements (BIS) is a financial institution owned by Central banks. It fosters international monetary and financial cooperation and serves as a bank for central banks. It drives the Basel accords and the regulatory capital requirements that…
International collaboration and harmonization is required if we are to manage cybersecurity and fight cyber crime. Various security services work together nationally and internationally on offensive cyber and have done for many years. But we lack global harmonisation of cybersecurity…
Thank you for sharing Ted Dziekanowski. The reference to all Criminal Division corporate resolutions (including guilty pleas, deferred prosecution agreements, and non-prosecution agreements) requiring the CEO and Chief Compliance Officer to certify that an organisation compliance program is reasonably designed,…
IHG attack was a social engineering hack run for fun with a wiper when the hackers were detected. The password policy and IDAM needs alittle work ahead of the SEC proposal? Ted Dziekanowski #cybersecurity #cyberriskmanagement View Original Post
The EU released the Cyber Resilience Act proposal on the 15th September 2022. The importance, complexity and significance of the Act cannot be underestimated, nor the penalties for non conformance. The proposed Act requires cybersecurity to be an integral part…
