The Cookie Monster has been hacked. With customer credit card details targeted through their Sesame Street Store shopping cart. The compromise maybe not be unique to Seasame Street, as the software vendor Volusion provides shopping cart software for over 20,000…
A great article to read which I believe sets the direction of travel for board ownership and director and officer liability for the management of cyber security. I do caveat that I am not a lawyer, just a lowly cyber…
Is cyber security a bubble which will explode. Or is it a market heading for a correction? It’s true the market is saturated with products and solutions, and spending predictions put the global spend to be +$130Bn by 2022. But…
The enclosed survey from Marsh and Microsoft focuses on some important topics, governance, ownership, supply chain and the role of governments both in setting regulation and the need to address nation state threats. Key messages include 1. 79% of respondents…
The US congress has passed a bill which will consolidate the role of the Department of Homeland Security, to carry on with its offensive cyber activities. It enables the DHS to build relationships with private companies and to strengthen its…
A useful read. The Depository Trust & Clearing Corporation (DTCC), who process securities transactions valued at more than U.S. $1.85 quadrillion, across 170 countries with deposits totaling $52.2 trillion. Released a white paper this week on market resilience and the…
The impact on corporate value of a cyber attack is laid bare when you examine the impact of attacks on revenue, cost and shareprice. Moody’s downgrade of Equifax earlier this year was in part due to the cyber incident it…
I ran a board round table at Rialto last week on Securing corporate value, we discussed; Complexity – Cyber risk is complex, do boards understand it? We discussed – Cyber is a very complex risk, cyber threats, organisations, cyber security…
The Securities and Echange Commission charged PWC with improper conduct on the 23.09.19. It relates to 15 engagements the firm ran with SEC registered companies, where they failed to maintain audit independence. Undertaking prohibited non-audit work during audit assignments. Including…
The ICO identified the issue of cyber as part of the Marriott deal. The Yahool/ Verizon deal wasn’t without its issues either. Cyber is another component of Due Dilligence, but buyer and seller beware as it brings a whole suite…
