I see a trojan horse with Federal Cyber regulation and a win-win for both Federal Contractors and the Insurance Industry Mariam Baksh. The interim Financial Ruling for the DoDs Cyber security programme (CMMC) will encompass FAR regulations for the protection…
Has 2020 and the COVID 19 pandemic taught us anything about the global nature of system risks, our dependency on technology and for cyber to evolve and keep pace with changing events? The answer must be yes. COVID forced changes…
Cyber insurance. Is the industry writing more cheques than it can afford to underwrite? Premiums for cyber insurance aren’t high enough to adequately underwrite cover in the event of a sustained systemic cyber incident. The stats make for an interesting…
Insurers saw a rise in losses associated with direct stand alone cyber policies from 34% in 2018 to 47% in 2019, according to Fitch. Are insurers getting worried that their payouts are increasing and 2020 will continue the trend. In…
Capital, equity markets and insurers rely on an independent assessment of an organisation’s performance. Provided through, amongst other things credit rating agencies, financial updates and market reports, and Q&A of control performance. To price-in cyber risk and for insurers to…
An interesting trend: Research of ransomware attacks in the US identified 966 US government agencies, educational establishments and healthcare providers were impacted by ransomware in 2019. The figures for the year to date for 2020 is showing a much reduced…
Insurers are good at underwriting risks. Years of understanding risks, collecting data and building models, with a reasonable level of assurance to underwrite policies with certainty. P&C, health, D&O and other traditional policies have a wealth of historic information available.…
An interesting case to watch, as Hiscox the insurance company launches a law suit on the law firm Warden Grier, which suffered a cyber attack in 2016. Resulting in the theft of data belonging to the insurer. Hiscox is claiming…
A recent US government report highlights a number of federal issues for cyber security in the US. Should government take the lead in cyber security risk modelling and certification? Cyber attacks have resulted in significant losses of IP, data theft…
I cannot believe it’s been a year since I attended my presentation for Chartered Security Professional (CSyP). This year is as important for me as last. It will be with immense satisfaction and pleasure that I will meet the people…
