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Chris Inglis nominee for the head of CISA makes the point that Enlightened self-interest, that’s apparently not working,‚Â and Market forces, that’s apparently not working. for cybersecurity. As there appears to be alignment for a cyber regulatory push in the US. Mark Warner, the Democrat who chairs the Senate Intelligence Committee, when asked about the recent cyber attacks, Congress needs to act
It’s when not if more cyber regulation is adopted, and along with regulation comes penalties for compliance failure. I am sure the ‘what and how’ of cyber regulatory oversight is being worked through.
Why do Tier 1 banks spend so much on cyber? Cyber spend is a function of regulatory capital under Basel III, albeit a very small component of their overall capital allocations under operational risk.
#cybersecurity‚Â #SupplyChainRiskManagement‚Â #CyberRiskManagement‚Â #riskmanagement‚Â #compliance‚Â #insurance‚Â #cyberinsurance‚Â #insurance‚Â #regulatorycompliance‚Â #regulatoryoversight‚Â #esgrisk #cyberregulation
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