A date for the diary. As Crowdstrike is called to testify on the 24th of September to a U.S. House of Representatives subcommittee, on the July IT outage. The U.S. House of Representatives Homeland Security Committee sent a letter to…
The problems for Crowdstrike are not over. The effect of the incident won’t be felt on their balance sheet for another 3 – 4 quarters. Until contract renewals take place; regulators state their position; insurers conclude their processes; Crowdstrike executives…
A message needs to be sent that cyber crime cannot be tolerated. Unfortunately with profits we’ll in the black for cyber criminals, nation state tensions running high and good times to be had by criminal gangs. One is not convinced…
Gerry Kennedy, the problem for insurers and the insured is cyber risk management is a responsibility of both parties. As has been repeatedly raised market forces have failed to demonstrate the management of cyber risk. To the extent that it…
Has the Snowflake cyber attack contributed to a material risk to Snowflake? This article makes good points about the challenges ahead for snowflake. If correct sales and marketing costs are 46% of revenue and R&D is 50%, and the company…
Is there trouble ahead for cyber insurers? As cyber attacks increase, aggregated losses increase and events such as Crowdstrike demonstrate the global effects of ICT risks. Gerry Kennedy could payouts outpace profitability, could loss ratios start to creep up, is…
Malaysia’s cyber law comes into effect this week, establishing a broad compliance framework that pulls together the National Cybersecurity Security Committee, Chief Executive of the National Cyber Security Agency, National Critical Information Infrastructure (NCII) entities and cybersecurity providers. The law…
Accounting irregularities with ILearningEngines send its shares down more than 50% following claims of artificial partners and artificial revenues. iLearningEngines claims its Indian market has an annual revenue run rate of $216 million. The financials for its sole Indian subsidiary…
I don’t think anyone would say that AI doesn’t have its uses. But history shows the tech investment battlefield is littered with the fragments of burst tech bubbles, NFTs, blockchain, big data and to some degree even cyber. It should…
If the figures are remotely correct Olaf Classen, irrespective of the amount being in ‘wooden’ euros. Imagine what that the time, effort and money could have been used for? So many other worthy causes. @Thaddeus Dziekanowski Veritas GRC #cybersecurity #cyberriskmanagement…
