Cybersecurity risk management is rapidly becoming a regulated risk. With U.S, EU and APAC regulators moving quickly to transfer the accountability and responsibility for cybersecurity risk management into board rooms. What differentiates todays cyber regulatory proposals is the requirement for…
The recent release by the White House of the National Cybersecurity Strategy, the Securities and Exchange Commissions (SEC) proposals for cybersecurity risk management and EU’s cyber regulation sets out the direction of travel for corporate cybersecurity risk management. By way…
Latitude is a significant listed Fin Tech firm in Australia. This cyber attack and data breach highlights the challenges that digital providers are facing and reinforces the need for cyber regulation. If correct that in this case a ‘back-end infrastructure’…
Alongside ‘climate risks’, recent cyber stress tests by UK insurers for the Bank of England raised questions over the amount of regulatory capital that insurers are holding to manage cyber risk. Evaluating the impact of cloud outage, mass data loss…
Jamie Foster of Hill Dickinson LLP and I wrote this article to raise the awareness of U.S and EU cybersecurity regulation, that is moving rapidly to regulate cybersecurity risk management. In this instance regulation that affects Critical National Infrastructure (CNI)…
Yesterday the SEC released several cybersecurity risk management proposals focused on 1. Updates to regulation S-P. Requiring brokers, dealers, investment companies and registered investment advisers adopt written policies and procedures with administrative, technical, and physical safeguards to protect customer records…
A very important read from the U.S Securities and Exchange Commission proposing New Requirements to Address Cybersecurity Risks to the U.S. Securities Markets. Cybersecurity risk management proposals that will affect broker-dealers, clearing agencies, major security-based swap participants, the Municipal Securities…
The U.S administration demands that the Chinese owners of TiK Tok sell their share of the App or face a nation wide ban. The request came from the Committee on Foreign Investment in the United States (CFIUS), a committee comprising…
Cloud and cloud security is now the latest question lawmakers and policy advisors are grappling with in the U.S. But its not just the U.S that’s working to regulated cloud cybersecurity. The EU has also put forward regulation through the…
The Harvard Law School outlines the state of enforcement actions by the SEC over the past year. 2022 saw some cyber activity by the SEC enforcing cyber incident disclosures. However following recent events focused on crypto and VC financing 2022…
