Yes, cyber will be, should be, the biggest concern to the Insurance industry. One would suggest that ICT risk, such as that experienced last week, combined with cyber will be big enough risks to capital that insurers will leave the…
Of course, these events will continue until boards enhance their oversight and assurance of ICT risk. The fallout from the Crowdstrike incident illustrates those impacted will likely bear a significant portion of the incident remediation costs themselves. Highlighting the challenges…
The effect of the Crowdstrike incident is indiscriminate. Whether companies were directly or indirectly effected, airline stock is falling. Highlighting market sentiment to risk management. This should send a warning to the all boards. While they maynot have a direct…
The biggest issue for affected organisations beyond getting back up and running is who will cover the costs of disruption, following the Crowdstrike incident. The history of cybersecurity reveals more about what the future holds. Chris Inglis, when writing the…
There’s a quick answer to the question of UK cyber resilience. It comes from the December 2023 UK parliamentary 73 page report, ‘A hostage to fortune: ransomware and UK national security’ There is a high risk that the Government will…
Cybersecurity risk management is an expensive business no matter which way you look at it. The costs of the United Health cyber attack will run in to the $billions, th recent attack on Synnovis the third party supplier to the…
It’s going up, it’s going down and it’s stable? The cyber insurance market is not quite sure where its going. The AM Best industry rating agency has said there are enough positive factors to give the cyber insurance market a…
Back in 2021 we wrote about the use of FISMA, OMB A130 and the RMF as tools adopted by the DoD and DIB for the security of Defense IP. We updated these with other standards and frameworks, and…
Citi is to pay $135.6m in penalties for making insufficient progress towards resolving data quality, risk management and internal control issues, highlighted in a 2020 consent order. The penalty bought by the Office of the Comptroller of the Currency and…
Thank you Andrew Alston. The 2023 Parliamentary report says much about the UKs cyber posture, the governments response was intriguing. Furthermore the UK government was mentioned in a 2022/2023 Congressional draft National Defense Authorization Act; raising concerns over its management…
