There will be a few companies looking at their Crowdstrike contracts with the General Counsel, following the recent incident. Asking ‘what if’. It will be interesting to see what the response by Crowdstrike lawyers to Delta will have. One is…
Australia, China, UK. It’s a bit of a annus horribilis for PWC. The big 4 auditors are being held account to auditor standards, as they should be. Who can boards trust to support their governance, risk and compliance to cyber…
We are now seeing a change in how investors perceive corporate governance. As shareholders in Crowdstrike file a lawsuit against the company alleging materially false and misleading assurances. ‘The lawsuit, which was filed in Austin, Texas, alleging Crowdstrike assured investors…
……..and it’s going to get worse. Poor board governance; an ill equipped security workforce facing increased oversight and assurance of cyber risk, and broad cyber regulation in the U.S and EU. Are we being fair to cyber professionals, expecting them…
The effect of the Crowdstrike incident is indiscriminate. Whether companies were directly or indirectly effected, airline stock is falling. Highlighting market sentiment to risk management. This should send a warning to the all boards. While they maynot have a direct…
The losses associated with the Crowdstrike incident will take time to collate. One expects them to be greater than Not Petya, that were reported over $10 billion. Maybe as high as $50 billion? One wonders the effect on risk transfer…
There’s a moral in this story for boards and the emphasis they place over management of cybersecurity. As a 17 year old UK teenager is arrested in connection with last year’s MGM hack. The Script kiddy is alleged to have…
Thank you for posting Olaf Classen. ICT risk is a broad catagory of risk. However security tools fall under the scope of DORA and MSPs under NIS2. Working with my U.S legal colleagues, compliance to the SEC final cyber rule,…
A great Harvard Law School article on the challenges face with a range of new risks, and the effect on Corporate Governance and D&O insurance. Boards are under increasing pressure to demonstrate their oversight of corporate risks such as cyber…
The new UK government has moved to reform audit, corporate governance and the creation of a more powerful accounting regulator, in the King’s Speach. The draft accounting and corporate governance bill sets out to reform UK corporate regulation. Aiming to…
