An interesting read from the WSJ on tech spending. One would hope that boards and CFOs are starting to think about security spending in parallel to IT spending. If cyber gets pushed into the board room as is expected, then…
Thank you for posting Ted Dziekanowski. The review by the NYDFS of regulatory oversight of Signature bank and its closure make for a comprehensive and worrying read. Signature bank was under the supervision of NYDFS and its predecessor since its…
The writing was on the wall for SVB months before collapse. As the board discussed off loading bonds at a discount to capitalise the firm. Ted Dziekanowski #svb View Original Post
If you can get to this article, it is well worth reading. Not for its ESG discussion, but for the regulatory and compliance challenges between the U.S and EU. In this case if the U.S does not develop an equivalent…
A great article that demonstrates the complexity of cybersecurity today and ahead for governments, agencies and organizations. The unpredictability of cyber attacks that include ransomware; the challenges with our reliance on digital and failure to back digital up with cybersecurity;…
Cybersecurity risk management regulation will drive the fiduciary responsibilities of boards and individual board members. As some regulation sets out requirements for board to seek external guidance for cybersecurity. Whether this is through NEDs hired onto the board or through…
We are starting to see criminal convictions being handed down to individuals for failing to managed cyber attacks. In this case the former CEO of a psychotherapy firm in Finland was handed a 3 month suspended prison sentence for failing…
A consolidated view of cyber incident reporting from the Financial Stability Board. The Financial Stability Board is an international body that monitors and makes recommendations about the global financial system. It has consolidated the cyber incident reporting for Financial Institutions.…
A great HBR update on cyber risk management. Setting out the moved organisations need to make away from typical controls based oversight to a risk based approach. Cyber risk management requires a better understanding of threats, vulnerabilities, risks and risk…
Recent banking failures have raised concerns over banking oversight and governance. No doubt the BIS will be reviewing the oversight of regional banks, as more information comes to light over the recent failures and the wider impact on financial stability.…
