The Co-op syndicated £350 million of liquidity from Barclays, HSBC, ING, Lloyds, NatWest and Rabobank. While S&P upgrade its rating from BB- to BB in 2024. A BB rating falls within the ‘speculative grade’ category not investment grade and the…
Cybersecurity is a risk to all nations. The governor of the Bank of Ghana Dr Zakari Mumuni has called for urgent reforms to protect the integrity of the continents digital financial ecosystem at a recent round table that bought together…
The European Union is taking cybersecurity risk management seriously. It is taking the challenge of protecting critical national infrastructure and financial institutions, the cyber security of internal enabled devices, and the development of EU cybersecuirty infrastructure for incident management and…
Here’s a thought, you can ask industry, then the threat actors, then the companies that have been hacked, then our allies that have already reached a conclusion that accountability and responsibility for cyber is required. Then we can reach the…
The U.S. Securities and Exchange Commission has withdrawn the proposed broker dealer cybersecurity rule that required advisers and funds to adopt and implement cybersecurity risk management programs, policies, incident reporting and public disclosure requirements. The SEC has also withdrawn the Cybersecurity…
Thank you Norman Broadbent Plc and Tanya Gass for the opportunity to start a conversation on the Governance of Cybersecurity Risk Management. Cybersecurity risk management is a regulated risk in the US and EU, with civil and criminal liabilities for…
The Aon 2025 cyber risk report provides a view of the state of cyber risk and insurance. Cyber claims frequency increased by 22% in 2024 and there was a 77% decline in ransomware payouts. There’s sparse cyber insurance coverage. There’s…
Cybersecurity risk management is a significant risk for boards. The effects are well demonstrated by the recent attacks against retailers and distributors Marks and Spencer, the Co-op, and UNITED FOODS INTERNATIONAL (USA) INC. The attacks disrupted operations, affected revenue, for…
The unfortunate truth is the management of cyber risk comes down to one factor, Money. Banks spend allot of it to manage cyber risk. But, although banks are Critical National Infrastructure, they still rely on other services such as power,…
Olaf Classen thank you for posting, this article should be read by everyone. It is a warts and all demonstration of what happens to a company in the event of a cyber attack. Forget the Marks and Spencer hype. This…
