With the SEC final cyber rule effective, what lens will be used to evaluate the SolarWinds cyber incident of 2021? The SEC final rule was not effective at the time, but the SEC has always required covered entities to oversight,…
The Australian Financial Services regulator the Prudential Regulatory Authority (APRA) continues to make its intentions now that it will strengthen supervision and enforcement of operational and cyber risk management practices. With the release of a new cross-industry Prudential Standard CPS…
Over the past 6 months we have seen several cybersecurity firms reduce headcount and re-evaluate their financial performance. At a time when the tech industry, PE and VC has been doing the same. But we are at a time when…
The Chief of the Police Service Northern Ireland (PSNI) resigns. One reason quoted for his departure is the recent data breach resulting in the theft of the names of PSNI Officers. Ted Dziekanowski #cybersecurity #cyberriskmanagement #cyberattack View Original Post
The SEC is not so much on a mission to tame America’s financial markets, it’s on a mission to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation (its mission) One must not forget that U.S capital…
A whistleblower reported the Electoral Commission failed a cyber essentials audit, prior to its 2021 data breach. If the commission could not pass the most basic cybersecurity audit. What hope was there ever going to be they could withstand a…
A cyberattack on a UK defense contractor and the theft of sensitive physical security data is of concern. A cyber attack on the UK could be grounds to invoke NATO article 5, but who wants mutually assured destruction? Cyber attacks…
The cybersecurity industry and their clients are caught in a difficult place. Having to reduce operating costs in line with falling sales, at a time when the effect of cyber regulation is starting to kick in. Be that the SEC…
A nice article that explains the potential effects of the SEC final cyber rule on D&O and Cyber insurance, registrants regulatory compliance and risk transfer. Complexities and issue will start to unfold over the coming months as registrants, the insurance…
The long anticipated final cyber ruling for SEC covered registrants goes into effect tomorrow, the 5th of September 2023 with compliance reporting starting in December 2023, affecting U.S domestic and Foreign Private Issuers. The ruling transfers cyber risk into the…
