All risks are insurable, the question is how economic is it to insure the risk. The answer for cyber insurance is likely not very economic. We wrote in 2022 () that managing cyber risk through insurance was not going to…
A great article from the FT, following this weeks AI summit in the UK, ‘Stop paying cyber Ransomware’. How? ,One sees no sensible answer coming out of many governments and the woes of boards are only just starting. When the…
Singapore’s banking regulator takes a pragmatic approach, taking control of the transformation program of DBS bank, following at least 6 major disruptions to services in 2023. The regulator imposed additional regulatory capital of $1.6 billion regulator in May, marked up…
Bob Dix a letter from the American Bankers Association (ABA) to the White House Office of the National Cyber Director (ONCD), raising concerns over the regulatory overload of cyber regulation on the industry; the need for regulatory harmonisation across Federal…
An example that demonstrates the need for harmonisation of cybersecurity risk management across Federal Agencies. As Federal agencies move to regulate cybersecurity, that increases the burden of incident reporting and drives the need for harmonization of cyber incident reporting. Cyber…
For those cyber security professionals that have been or are in financial services, with offices located in New York. Or those that want to evaluate what a financial services regulation looks like, following closely on the heals of the SEC…
A great overview of the violations the SEC alleges against SolarWinds. The charges levied against SolarWinds by the SEC are in response to what appears to be a blatant failure to remedy significant cybersecurity vulnerabilities and concealing risks from shareholders.…
Ted Dziekanowski it’s Halloween and reading the indictment against SolarWinds, it maybe time to bring out the dead. The quote of the day has to be, related to vulnerabilities identified in the Orion Platform, Even if we started to hire…
This is a very serious development for the cybersecurity community and one to watch. As the SEC charges SolarWinds and its CISO with defraud investors and internal control failures relating to the 2020 hack. The SEC alleges that the company…
Closing out Cyber month a great report from AXA that reviews the top risks for 2023. With cyber in the number 2 slot behind climate change and keeping within the number 3 position consistently for the past 5 years. The…
