The Nordic shipping industry is having a difficult time with cyber attacks. This is the third serious cyber incident I’ve seen in the past 3 weeks, 2 emanating from the ransomware group ‘Play’. LockBit recently hacked a Turkish Maritime organisation…
Cybersecurity regulation seems to be on the agenda of EU and U.S policy makers, and the UK is lagging significantly behind. This seems to be the message that is being touted and its not an unfair comment. One only has…
Reminiscent of the Norsk hydro hack. #cybersecurity #cyberriskmanagement #theaugustagroup View Original Post
The cyber insurance industry is in real need of innovation. The predictions coming from the industry over the past 2 months about the insurability of cyber both from the CEO of Zurich and the World Economic Forum (WEF) have not…
A year to the week we published that cyber was a risk that required the insurance industry to take a different approach to underwriting. The insurance industry has over the past 2 months started to voice concerns over the ability…
Insurers are starting to come to terms with cyber being a risk that they cannot insure, without the insured taking on more of the risk. We wrote about this in 2022, at the time saying that cyber was not an…
NYDFS updates follow a trend by regulators of moving toward stricter cybersecurity risk management and board oversight. A trend that EU regulators are following through DORA and the SEC through its 2022 cyber proposal. For public firms registered in New…
Ted Dziekanowski one to watch? One suspects that the story will be be one of under investment by the Post Office, that came to a head with the recent hack. At a time of increased geopolitical tensions and a lack…
Cyber risk will be high on the Davos agenda, a risk that increases along with geopolitical risks. One believes that cyber may be of equal concern along with climate change, as geopolitical risks have demonstrated both an increase in cyber…
Quad 4 partners the U.S and Japan agree deepened military and cyberspace cooperation. Tension in the APC region are increasing, driving unprecedented changes in Japan, that have included approving major changes in defense policy (). Ted Dziekanowski #cybersecurity #cyberriskmanagement #theagustagroup…
