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UK ICO plans to fine Facebook the maximum under the old regime.
UK ICO plans to fine Facebook the maximum under the old regime. But says in a BBC interview it could fine up to 4% of global revenues today. View Original Post
Cybersecurity
Poor computer security may have been the reason an acquirer pulled out of the $4.3billion acquisition of Akorn, a generic drugs maker.
Poor computer security may have been the reason an acquirer pulled out of the $4.3billion acquisition of Akorn, a generic drugs maker. Exposing wider questions around the provinonce of data. View Original Post
UK banks will have to test operational resilience as part of plans set out by thr Bank of England.
UK banks will have to test operational resilience as part of plans set out by thr Bank of England. View Original Post
California passess legislation similar to GDPR.
California passess legislation similar to GDPR. Could this be the start of a regulatory trend across the US for data protection legislation. View Original Post
The BoEs Financial Policy Committee plans cyber stress testing of UK payments infrastructure.
The BoEs Financial Policy Committee plans cyber stress testing of UK payments infrastructure. As it’s critical infrastructure, they want to ensure that banks can continue to operate in the event of a cyber attack. View Original Post
Could the US afopt EU style data protection laws following recent data breaches?
Could the US afopt EU style data protection laws following recent data breaches? View Original Post
Cyber risk is a business risk, touching the whole enterprise.
Cyber risk is a business risk, touching the whole enterprise. With data at the core. View Original Post
Lagarde of the IMF estimates the impact of cyber risk on the Financial Services sector.
Lagarde of the IMF estimates the impact of cyber risk on the Financial Services sector. View Original Post
The IMF reports that the estimated cost to the global FS sector for hacking could reach as much as 9% of revenues.
The IMF reports that the estimated cost to the global FS sector for hacking could reach as much as 9% of revenues. That cyber lossess will be orders of magnitude greater than the current cyber insurance market. With the need…
An incident management strategy which is integrated through the BCP plan and executive committee governance, is critical to dealing with today’s…
An incident management strategy which is integrated through the BCP plan and executive committee governance, is critical to dealing with today’s cyber threats. Given the regulatory environment is changing. View Original Post