Cyber attacks are a curious thing, a little different to other the run of the mill non-financial risks. Brand and reputational damage will take a long time to tarnish, especially when we are arguably at the beginning of the cyber…
If you are going to kick to the hornets next, you may have to be prepared to get stung once or twice. But with the stakes so high, could a sting send you into anaphylactic shock, requiring more than an…
Depending upon how you view the situation the regulatory environment is showing signs of improvement globally. For GDPR it was always going to be a question of who will be first over the line to set the target for everyone…
This weeks judgement by Washington State Attorney General Bob Ferguson on Premera’s data breach, records an actual legal cost of $84Mn. On-par with Marriott and BA. US health insurer Premera Blue Cross has agreed to pay US states $10Mn to…
The past few years have seen cyber stagnate on the board table. Allot of column inches have been given to cyber in the media. Plenty of evidence of the impact of cyber attacks; the lack of resources in the market…
There have been a few notable cyber related examples where investors have been let down. The Verizon acquisition of Yahoo wrote the deal down by $350Mn, due to the Yahoo data leak. Marriott’s shareholders face a potential ICO fine of…
This is one to watch. With the ECJ hearing testimony on Facebook and its protection of data belonging to EU citizens and from intervention by US security agencies. With the ICO issuing fines on data breaches this week and data…
Lloyd’s of London has called for clarity on cyber insurance policies from insurance and re-insurance providers. To make it clear whether policies will pay-out or not in the event of a cyber-attack. Saying that it was in the interest of…
I’m coming to the opinion that the cyber insurance market is currently a bit of a paradox. The cyber insurance market is on the rise. But the regulator is asking for clarity on the market exposure to cyber. The global…
D-Link has agreed to a 10 year plan of independent security oversight, in order to settle its case with the US Federal Trade Commission (FTC). Who sued D-Link over the poor security of its devices. A way of avoiding court…
