Telstra Australia’s largest telecoms company is managing the fall out from a cyber breach. With reports that a breach occurred in 2017 emanating from a third party supplier that managed a staff benefits program. The breach has come to light…
The recent Lloyds of London cyber mandates create opportunities and challenges for the insurance industry. Foremost I suspect that they were written to reduce the impact of aggregated losses within the reinsurance market, ahead of the underwriting direct polices. As…
Moody’s is laying the ground for cybersecurity risk evaluation of corporate credit and debt. Evaluating $22 trillion of global debt rating cyber risk exposure, with electric, gas and water utilities, as well as hospitals, among the sectors facing the highest…
‘Cyber is reaching an inflection point’. Cyber is becoming a high risk game for boards as regulators focus in on cyber risk management, corporate governance, cyber strategy and risk mitigation. With regulators, institutional investors and credit rating agencies playing very…
As we enter waters that have been uncharted for many years, with rising inflation, interest rates and cuts, will we see an increase in cyber risk? ‘Fitch Ratings has warned of a potential increase in cyber risk as corporate and…
The Prime Minister Shehbaz Sharif chaired a meeting to finalize a ‘legal framework’ related cyber security for Pakistan. A further example of a country moving ahead to formalize cybersecurity regulation Ted Dziekanowski #cybersecurity #cyberriskmanagement #cyberregulation #pakistan #theaugustagroup View Original Post…
It’s the start of cyber awareness month and I am looking forward to the ‘Fireside Chat’ on the 4th October with The Institute of Internal Auditors Inc. We are discussing the changing cyber regulatory landscape and the challenges and opportunities…
The Securities and Exchange Commission has charged Kim Kardashian $1.26 million in penalties, disgorgement, and interest. For touting on social media a crypto asset security offered and sold by EthereumMax without disclosing the payment she received for the promotion. The…
S&P have priced in the impact of the Optus cyber attack. Credit spreads rose from 1.5 to 1.72 on 2028 Australian dollar bonds. Indicating that the risk of remediation, the impact of cyber legislation and costs of addressing the longer…
Global Defense contractors have been a target for years, it’s the reason the DoD updated DFARS regulations back in 2017 following several GAO audits. But more recently NATO hacks and the public disclosure by MBDA highlight the growing problem. A…
