An interesting read. The cyber insurance market has been having its ups and owns recently. Seen as an area of growth by the insurance industry, the rise in threats, poor cyber practices and COVID 19 have all lead to a…
President elect Joe Biden has allocated $10bn for cyber as part of the COVID 19 stimulus package, in a reaction to the recent Russian ‘SolarWinds’ hack. Calling on Congress to approve a major investment in IT and cybersecurity for the…
A great article from HBR on cyber insurance, the problems ahead for the insurance industry and a solution. 2020 has been an interesting year for cyber. COVID 19 caused a global lock down, there has been an increase in the…
Does the recent hack of Federal Systems tell us anything about cyber security maturity? As more information becomes available about the recent hack of Federal systems the size, scale and ingenuity of the hack is becoming clearer. There is as…
2020 has been a difficult year for all. The insurance industry has evolved during the year, with changing work habits and working from home changing the cyber landscape. Cyber reaches the top of the risk list for a number of…
The US Senate overrides the Presidential veto of the 2021 Defence Authorisation Bill by 81-13 votes. What is interesting is that cybersecurity appears 237 times in the Bill. Including cybersecurity education and awareness, threat intelligence, oversight and assurance, architecture, measurement,…
A great article. Be it the gorilla or elephant in the board room, the direction of regulatory travel for cyber is clear; no more carrots and bigger sticks. Cyber regulation and control is another example of Governance, Risk and Compliance…
There’s gold in them there hills. Or at least that’s what its felt like to brokers and insurers. However the complexity of cyber as an insured risk is starting to be felt as the lines are blurred even further between…
Cyber attacks impact the top and bottom line, lost revenues, remediation costs, brand and reputational damage and legal costs. Don’t expect cyber insurance to cover everything. This HBR article makes the point that only 3% of the the global impact…
Definitely worth a read. Is cyber moving up the geopolitical and political agenda? With leaders starting to openly discuss the threats posed by cyber-attacks on Critical National Infrastructure (CNI) and remedial legislation to support agencies counter the threat? Has the…
