There is no rhetoric or posturing anymore, should we be concerned? On Friday 19th April Chinese President Xi Jinping announced the formation of the Information Support Force. A strategic branch of the People’s Liberation Army, with a simple aim, to…
Regroup, refresh and restart. Ransomware attacks rampup following recent takedowns. ‘A relatively new operation called RansomHub gained media attention this week after a BlackCat affiliate used the newer operation’s data leak site to extort Change HealthCare once again.’ How do…
A great discussion of the SEC final cyber rule, materiality and D&O insurance. The question of materiality and the SEC Final rule is a complex one. It applies to the Left and Right of Bang evaluation of Risk. Left through…
The Big 4 story from Australia is probably no different for other jurisdictions. As regulators in the UK and U.S have also focused on big 4 consultancies, primarily across their audit practices. The big 4 have found themselves in front…
This week earnings call by United Health makes for an interesting read, as it starts by discussing the effect of the recent cyber attack on financial performance. Its interesting to note the language used in the call to describe the…
The enclosed hearing by the House Sub Committee on Energy and Commerce on the recent United Healthcare cyber attack is worth a quick review. Sub Committee members spent 3 hours asked questions of industry representatives. The hearing highlighted the substantial…
There are 1.6 billion reasons to care about cybersecurity. One suspects that while the attack may not be material to United health by virtue of its earnings, and balance sheet it will have an effect on the companies reputation and…
The cyber war is ramping up in the middle east, from an already high point. We’ve seen a growth in the volume and severity of attacks across several countries, over the past 2 months. @Thaddeus Dziekanowski Veritas GRC #cybersecurity #cyberriskmanagement…
Adopting the principles of the three Line of Defense (3 LoD) is an important step to cybersecurity risk management regulatory compliance. The 3 LoD model was developed by the The Institute of Internal Auditors Inc. and adopted by many regulators,…
Cyber risk still remains a top concern for CROs of insurance carriers, with insurance and technology risk sitting in the top 5 risk concerns. Human capital risk is also ranked high over a one-year outlook as attracting and retaining talent…
