The next question is how a decision by Beazley to shrink its revenues from cyber insurance and step back from the market will affect the rest of the market? Beazley is a ‘Pioneer’ in the cyber insurance market and also…
This is a big deal, the wording does not relay the severity of what is happening to cyber insurance. The insurance industry has been chasing the cyber dragon for several years, aiming to make money from a volatile, poorly managed,…
November is Critical Infrastructure Security Month (CISM). Did anyone see the communications, or was I buried in a hole? @Thaddeus Dziekanowski Brian D. McCarthy Faisal Khan #criticalinfrastructuremonth View Original Post
The answer is not simple, and several governments have rolled back from banning ransomware payments due to the complexities of enforcement and the impact on their industries. The answer is yes and no, but it depends on the maturity of…
If there is any doubt about the complexity of cyber regulatory compliance, then you only have to look at the education expectations being placed on the management of covered German companies by the Federal Office for Information Security (BSI) for…
The U.S. Securities and Exchange Commission announces its examination priorities for 2026, and fiduciary standards or conduct, the effectiveness of compliance programs, and cybersecurity risk management remain a priority for the SEC. @Thaddeus Dziekanowski Brian D. McCarthy Veritas GRC…
Intriguingly, the debate about banning ransomware payment continues. The ban was originally in response to a coordinated approach across several nation-states, which have remained stubbornly quiet about banning ransomware payments. There is no evidence that banning ransomware payments either supports…
Simone Herbert-Lowe opens up another regulatory lens focused on cybersecurity risk management. Highlighting the direction of travel being taken by the Australian Securities and Investments Commission (ASIC) on corporate governance, oversight, and assurance of cyber risk in the boardroom of…
Marks and Spencer reports a more than 55% drop in half-year profits following its cyber attack, and cyber insurers picked up £100million of the company’s losses. Profits for the half year were £3.4 million, down from £391 million for the…
An article from the insurance industry on the insurability of cyber risk, more importantly, its un-insurability. Cyber insurance is an important component of corporate risk transfer. Waiting for a catastrophic loss is likely not the right approach to take; recent…
