A concise SEC Form 8-K filing by MGM Resorts international (NYSE: MGM) relating to its recent public cyber attack. While it is only speculation, one wonders what the filling would look like from December 2023. The attack may not create…
The insurance market is slowly waking to the effects of cyber regulation on D&O and cyber products. The SEC final is the first cyber regulation with global and industry agnostic effect. One suspects as insurers come to terms with cyber…
The SEC final rule is effective 5th September 2023, with compliance starting for registrants in December 2023. While we have articulated definitions for ‘materiality’ and the ‘reasonable investor’, there is no formal definition for ‘adequacy’ or what ‘adequate compliance’ to…
The U.S ONCD national cyber strategy looks to address international cybersecuirty cooperation, that the state department will take forward. Balancing the need for technology and the need for the public and private sector to have a clear understanding of the…
Thank you for sharing Ted Dziekanowski. Defining materiality as seen by a reasonable shareholder will be an important definition for SEC covered registrants. As the final rule documents, the basis for defining material should be consistent with that set out…
It maybe coincidence but MGM international saw it’s share price change from a high of $44.47 to close at $42.70 in trading yesterday. Not a massive drop, but it lost ground. MGM is going through a difficult situation, managing a…
A great post Ted Dziekanowski. Are we starting to see a trend with rising class actions focused upon cybersecurity and data breaches. With Data privacy and cybersecurity class action suits continue to represent the largest share of annual class action…
A update on the SEC final cyber ruling and future cyber regulations, that will effect Nasdaq market participants. Such as further SEC cyber risk management regulations of market infrastructure providers, broker dealers or the ONCD national cyber strategy. The SEC…
Members of Congress have written to the Chair of the SEC raising their concerns over the SEC final cyber rule, specifically the 4 day incident reporting timeline. What interests one with the attention that incident reporting gets is that the…
Cyber insurance underwriting has always been an art and one expects it will remain so for some time to come. As cyber insurers get to grips with the fact that Right of Bang data does not correlate with an organizations…
