Cyber reinsurance market is still attractive despite ransomware attacks up 176% in Q2 2023 over the same period in 2022. While attack frequency has increased claims frequency has not. Are we seeing more self-insurance? Pricing in 2023 was 2.5x times…
Follow the money, but is there a cost? Generally every year you have a good idea where the hurricanes are going to be, where its going to be hot and cold, dry and wet. Climate change is effecting that, but…
The Governor of the state of New York has allocated a budge of $500million in funding that Healthcare facilities may apply to upgrade technology systems for 2024. Healthcare is sector that with low cybersecurity posture, that has been targeted relentlessly…
The approach taken by the Australian Government in managing the cyber attack on its port infrastructure should be commended. One waits to see what the response will be following on from the incident. Ted Dziekanowski Brian D. McCarthy Rachel V.…
The Australian government continues to deal with the cyber attack on port operations with DP world. To resolve the incident and get maritime logistics back to normal. Ted Dziekanowski Brian D. McCarthy Rachel V. Rose, JD, MBA Bob Dix #paravasecuritysolutions…
Australia is following suit with cyber regulations similar to the SEC cyber rule, NYDFS and EU NIS 2. In requiring boards attest to their organisation cybersecurity risk management program, or face penalties. Coming at the same time Australia is dealing…
The fog will clear over the next few days for DP World as it gets Australian Port operations back on line. One can expect questions to be raised, given Australia’s recent spate of cyber attacks across Financial Service’s and Telecoms…
A very serious incident is unfolding in Australia as DP World shuts down port operations due to a cyber attack. Thanks for sharing Olaf Classen. Container terminals in Sydney , Melbourne, Brisbane and Fremantle have been affected, the intrusion was…
This is a very interesting report and worth reading. The report () highlights the growing challenge that insurers, the insured and society face with cybersecurity and cyber attacks. Cyber pricing seems to cloud loss ratios, current risk modelling is ineffective…
This will be an important document to read, if it goes public. Optus has tried unsuccessfully to block Deloittes incident report from being made public. The judge said that comments made by the Optus CEO made clear that there were…
