Gerry Kennedy I wonder who has thought about the legal, compliance and insurance implications of doing this? If the NCSC finds a vulnerability and fails to report it. #cybersecurity #cyberriskmanagement #cyberinsurance #theaugustagroup View Original Post
An interesting read about the insurance industry. Along with a rise in interest rates and talk of a recession, insurers may have to take a look at their services. As insurers costs rise, their premiums rise, at a time when…
Cyber threats keep on evolving. The SolarWinds hack was probably the first significant use of the Software Supply Chain for a hack. This example demonstrates the real complexity of a hack by APT10 a Chinese state sponsored group. A group…
This is one to watch, as things look to get more interesting for SolarWinds. On the upside, SolarWinds has reached a settlement with investors following the 2020 cyber attack, that should bring some relief to the company and CISO. ()…
Ransomware has been top of the list for a few years, Allianz suggests that it is expected to cause $30Bn in damages in 2023. I’d suggest that this figure is light, given the impact of Not Petya in 2017 was…
A 90% reduction in the fine imposed by the ICO on the Cabinet Office. What message does that send to companies that breach UK data protection rules? When U.S and EU regulators regularly fine in the £M or £10M. The…
White House statement on their International Counter Ransomware Initiative 2022. Getting people together to discuss the issue is good and moving ahead on ransomware is positive, albeit its a single cyber threat vector. But it feels like a COP summit,…
Rating agencies have been busy recently raising concerns about the impact of cyber on debt and bonds. Fitch is now raising a concern about the impact of cyber on sovereign nations. Rightly Fitch points out that its a long tail…
Thanks Ted Dziekanowski for this. Following on from my previous post about Fitch, cyber and sovereign ratings. The enclosed article by Fitch goes someway to highlight their concerns over sovereign cyber as the recent cyber attacks in Australia demonstrate the…
Thanks for posting Gerry Kennedy. The NSA has a significant cyber capability, and a demonstrated ability to ‘look inside’ platforms. But this only goes so far. Cyber has to be a defensive capability driven by industry going forward. Offensive cyber…
