Brian D. McCarthy you raise good questions. As registrants must describe the boards oversight of cyber risks, any board committee or sub committee responsible for oversight, the processes by which boards are informed of cyber risks, managements role in assessing…
Thank you for posting Gerry Kennedy. Or, depending very much on the small print and claims, they will contest the claims. On the grounds of reasonable and adequate application of the cybersecurity risk management practices by companies involved. One suspects,…
The well reported outage of Toyota’s facilities in Japan, led to a shut down of 14 domestic assembly plants in August 2023, lasting 2-3 days.() Toyota reported the failure was due to a systems issue, relating to the availability of…
Talking a good game about digital and cyber is coming to an end for boards of covered entities. ‘Talking the Talk’ and ‘Walking the Walk’ is the order of the day as the U.S, EU and Australia all announce cyber…
Interesting video from the Lloyds Chief of Markets on the coverage gap (4 mins 20 seconds) that amongst other insurance classes covers cyber. One strongly believes that closing the protection gaps for both the insured and insurer is critical to…
The spot light moves further in on auditors as the oversight of auditors is harmonized between the SEC and PCAOB. As the PCAOB proposes expanding liability for individual auditors and certain accounting firms, when they contribute to violations by the…
ORBCOMM the U.S vehicle tracking solutions provider continues to suffer from a cyber attack that effected its trucking logistics platform. The attack started in early September and effects the electronic tracking of vehicles, required by the U.S Department of Transportation.…
Identify and Access management and ‘least privilege’ is a back bone to cybersecurity. The breadth and depth of damage reported by MGM follow the cyber attack is consistent with some reports that hacked had access to the firms Active Directory…
As the MGM cyber incident continues, the effect on is financial statements also continues. With predictions that the firm could be losing as much as $8.4 million per day, and on daily revenues of $42 million it’s a significant figure.…
Ted Dziekanowski, with so much that needs to be done to meet cybersecurity regulatory compliance, with so little resource available, and with consultancies selling audit and cyber skills. Why is there so little work, its perplexing. Are covered entities waiting…
