A topical post from July 2022 that feels appropriate today outlining the challenges that the cyber insurance industry faces and will continue to face. {sic} The big challenge for (re)insurers in developing this wording lies in the need for continual…
Ted Dziekanowski the Australian telecommunications Optus, one of the biggest provides in Australia is hacked. Not much is known other than PII has been compromised. But it demonstrates that cyber challenges are now more prevalent and only increasing in frequency,…
Ted Dziekanowski the WEF still holds cyber up there in the top 10 short-term and medium term global risks. Cybersecurity failure continues to feature as a critical threat, with low entry barriers, high rewards and a relatively low risk of…
A nice article on the challenges facing organisations and cyber insurance. I have to say I think the cyber insurance market is in turmoil. On one hand there are predictions that the market is going to be worth $Billions by…
Morgan Stanley Smith Barney (MSSB), now Morgan Stanley Wealth Management has been fined $35Mn by the SEC for its failure to protect its clients PII, that goes as far back as 2015. MSSB failed to properly dispose of devices containing…
Has a recent update by the SEC on crypton pulled the plug on banks custodial crypto plans. By treating crypto as a liability covered financial institutions have to hold capital under the Basel accords, pushing up the costs of crypto…
The Bank of International Settlements (BIS) is a financial institution owned by Central banks. It fosters international monetary and financial cooperation and serves as a bank for central banks. It drives the Basel accords and the regulatory capital requirements that…
International collaboration and harmonization is required if we are to manage cybersecurity and fight cyber crime. Various security services work together nationally and internationally on offensive cyber and have done for many years. But we lack global harmonisation of cybersecurity…
Thank you for sharing Ted Dziekanowski. The reference to all Criminal Division corporate resolutions (including guilty pleas, deferred prosecution agreements, and non-prosecution agreements) requiring the CEO and Chief Compliance Officer to certify that an organisation compliance program is reasonably designed,…
IHG attack was a social engineering hack run for fun with a wiper when the hackers were detected. The password policy and IDAM needs alittle work ahead of the SEC proposal? Ted Dziekanowski #cybersecurity #cyberriskmanagement View Original Post
