This is by far the best synopsis I have read of the cyber insurance market and the challenges insurers face. The article reviews the book by Professor Josephine Wolff Cyber insurance Policy: Rethinking Risk in an Age of Ransomware, Computer…
Will the recent Zurich Mondelez settlement make things harder for insurers and the insured? While insurers may not be off the hook for Not Petya payments, there will be a continued realignment of policy exclusions and reduced coverage. As an…
Gerry Kennedy I wonder who has thought about the legal, compliance and insurance implications of doing this? If the NCSC finds a vulnerability and fails to report it. #cybersecurity #cyberriskmanagement #cyberinsurance #theaugustagroup View Original Post
An interesting read about the insurance industry. Along with a rise in interest rates and talk of a recession, insurers may have to take a look at their services. As insurers costs rise, their premiums rise, at a time when…
Ransomware has been top of the list for a few years, Allianz suggests that it is expected to cause $30Bn in damages in 2023. I’d suggest that this figure is light, given the impact of Not Petya in 2017 was…
Thanks for posting Gerry Kennedy. The NSA has a significant cyber capability, and a demonstrated ability to ‘look inside’ platforms. But this only goes so far. Cyber has to be a defensive capability driven by industry going forward. Offensive cyber…
Small business cyber is not a U.S problem, its a global problem. A problem that requires a rethink of how cybersecurity oversight, assurance and remediation take place. A problem that requires a solution from governments to fix. From our involvement…
Is cyber solely about a poorly trained workforce, or are we starting to reap the rewards of a lack of resources and leadership in general and a reluctance to address cybersecurity by organisations. Leading us to regulate cyber ‘left of…
The Alliance report of cyber risks highlights ransomware as the biggest risk facing firms and it is still a significant risk. But I disagree. The biggest risk that organisations face is their ability to transfer cyber risk. Cyber is no…
We wrote a paper last year as part of a CMMC discussion, that explained why cybersecurity compliance was a problem for SMEs and the impact of cyber on the broader supply chain.(). The equation is simple. SMEs/ SMBs make up…
