The institution that is the British Library continues to suffer a ransomware attack. While not verified, the attack has been claimed by the group Rhysida, a new ransomware group that came to light in May 2023. Through its RaaS offering.…
Damned if you do damned if you don’t. One has to understand the dynamics of cybersecurity, banning ransomware payment is not an answer. Asking organizations not to pay ransoms in the hope that it will starve cyber criminals of their…
The Optus CEO resigns amid a difficult year with cyber attacks and operational resilience problems. The companies management of significant incidents over the past 12 months. Its response has been criticized heavily by customers and the Australian Government. Telecoms is…
Australia moves forward to put in place a program to support small businesses assess their cybersecurity maturity. Building a whole of society approach for cybersecurity risk management is important. Small businesses make up 99% of organizations by number so its…
Olaf Classen, what happens when EU banks have to oversight and assure IT risks of ICT vendors. Who is accountable and accepts the risk? Ted Dziekanowski Brian D. McCarthy Rachel V. Rose, JD, MBA Bob Dix #cybersecurity #cyberriskmanagement View Original…
The statistics from ENISA on cybersecurity investment does not paint a great picture over the adoption of NIS, as EU NIS 2 and DORA head down the road in 2024. It highlights what one could consider worrying trends in cybersecurity…
Ted Dziekanowski this is a timely and important document for Financial Institutions. The Financial Stability Institute (FSI) of the Bank of International Settlements (BIS), an international institution owned by member central banks. Has released a regulatory oversight framework for managing…
Australia is looking to move ahead with ‘Right of Bang’. Implementing an incident review board to capture lessons learnt and feed that back into the proactive action to address Australia’s cybersecurity. Ted Dziekanowski Brian D. McCarthy Rachel V. Rose, JD,…
The recent cyber attack on the U.S business of ICBC bank has bought to light the considerable influence China has over U.S debt. China is one of the biggest funders and owners of U.S dept and ICBC bank is a…
An unfortunate consequence of a cyber attacks can be the departure of the CISO. As is the case with the recent Clorox Hack. One wonders the role that other members of the board played in the oversight and assurance of…
