The U.S government is lining up to examine the allegations put forward by Twitter’s former security chief, Peiter Zatko. Who informed Congress and filed complaints last month with the Justice Department, the Federal Trade Commission and the Securities and Exchange…
The SEC has adopted a Pay Vs. Performance ruling. Requiring public companies to disclose how much of their executives compensation is related to financial performance. If the SEC Cybersecurity Risk Management proposal moves ahead, the management oversight and assurance of…
The Securities and Exchange Commission (SEC) has no plans to depart from its current regulatory agenda. If their draft Strategic plan for 2022 – 2026 is delivered. I am always staggered when I read the monies that the SEC provides…
An interesting article by McKinsey on Model Risk Management(MRM) for Cybersecurity in Banks that is worth a read. In many ways MRM is analogous to the cyber insurance underwriting process in its complexity. But used amongst other things to demonstrate…
Thank you for sharing my thoughts on the development of cybersecurity risk management regulation in this months Internal Auditor magazine. As cyber regulation develops it will require greater oversight, assurance and attestation by company boards. That is delivered by a…
This is going to be one to watch Ted Dziekanowski for many reasons. Firstly the allegations may have already made their way to Congress and Federal Agencies citing issues of national security and poor management of internal controls. An effort…
With note, Cyber risk overtakes financial risks as top concern for the worlds largest sovereign wealth fund. Im worried about cyber more than I am about markets,†Tangen (CEO) told the Financial Times. Were seeing many more attempts, more attacks…
Should cyber risk be a separate vertical alongside Credit, Market and Operational Risk. For financial institutions the trend has been to consolidate non-financial risks, including cyber, under a ‘non-financial risk’ function. To bring together and simplify the oversight and assurance…
Thanks for posting Ted Dziekanowski It seems that some U.S and EU regulators are taking a leaf out of the SEC book. Setting regulatory regimes that place the responsibility on boards to implement, assure and attest cybersecurity risk management compliance.…
‘Cybersecurity key to participating in global markets’ Investment in Africa will be correlated to the ability to manage cybersecurity risks. 29 our of 54 countries have implemented cybersecurity legislation, and with legislation comes the challenges of enforcing compliance. #theaugustgroup #cybersecurity…
