If boards do not give cybersecurity and cyber resilience sufficient priority, this creates a foreseeable risk of harm to the company and thereby exposes the directors to potential enforcement action by ASIC based on the directors not acting with reasonable…
Oversight and assurance of the SEC final cyber rule starts in December 2023. Over 250 EU companies with a combined market capitalization of $6.5Trn (15th September) are registrants on the NYSE and Nasdaq. These registrants are required to meet the…
The Australian Securities & Investments Commission (ASIC), that overseas companies and financial services. Looks to be taking a leaf out of the SECs book, as it focuses on the role of the board in cybersecurity risk management. ASIC will seek…
The hack of Australian Law firm HWL Ebsworth is a well documented event, that included data from the Australian Government. In what is still an on-going investigation, a total of 65 government entities have been affected. While there is no…
Earlier this month the SEC filed charges against broker dealer virtu Americas LLC and its parent company Virtu Financial Inc for making materially false and misleading statements and omissions regarding information barriers to prevent the misuse of sensitive customer information.…
For those focused on the SEC final rule, spare a thought for those European (and US) firms covered by EU NIS 2. That along with DORA were added to the EU Journal in January 2023, to be transposed by EU…
With the SEC final cyber rule train out of the station and heading down the track of compliance. We’ve consolidated our board papers for those that wish to read and digest the effects of the final rule. With an update…
Caesars entertainment filed an 8-K following disclosure of a cyber incident, that came to light publicly during the MGM resorts hack. Confirming that it was compromised following a social engineering attack on an IT support vendor. Resulting in a data…
One finds the article interesting (I can’t find the report mentioned) by the UK NCSC, that is responsible for advising on UK cyber strategy. One would say that cybersecurity in the UK is not so much lax when it comes…
The MGM cyber attack highlights the impact of cyber on customers and shareholders and surfaced a cyber attack on one of MGMs competitors on the Las Vegas Stripe, Caesars entertainment. It also highlights the changing sentiments of market participants such…
