A nice summary of cyber risk for 2023. As the year looks to be the start of change for cybersecurity, not just because the frequency, severity and complexity of cyber incidents continues to rise. Cyber regulation will play an increasingly…
The regulatory wheel at the SEC keeps turning. The Cybersecurity proposal appears to be continuing its move to formality. Ted Dziekanowski #cybersecurity #cyberriskmanagement #cyberinsurance #theaugustagroup View Original Post
Ted Dziekanowski one suspects that we are starting to gear up for the release of the SEC cybersecurity risk management proposal. That if materializes affects companies globally seeking capital from U.S markets covered under the Securities and Exchange Act 1934.…
A couple of thoughts Gerry Kennedy. and Ted Dziekanowski if these cars get bricked what is the impact on insurers, vehicle owners, dealers and manufacturers? As these vehicle are web enabled and integrated into cloud platforms one wonders the cost…
The price of reinsurance has risen significantly in 2022 and continues in 2023. A year that has seen an increased reinsurance costs, an acceleration in the increase in costs, and a reduction in capital in the market. With some re-insures…
The cyber insurance market is going through a period of change, premiums up, coverage down and exclusion clauses being added. Cyber attack frequency complexity and severity is rising at an alarming rate and one suspects we are only at the…
Thanks for posting Ted Dziekanowski. The U.S is moving ahead with significant cyber regulation, associated improvements and enforcement regimes. The sums put forward for cyber are substantial, they dwarf the total global spend of all Western nations combined and demonstrate…
2022 has seen a definite shift in cyber from logical to physical, with the Ukraine Russia conflict providing a reason for hackers to test their capabilities. The link between cyber attacks on heath services and mortality is starting to develop.…
An example of where precedence is being set for cyber insurance as the Ohio Supreme court rules than Ransomware is not Physical damage. While this could be seen as an obvious statement, it goes to create more clarity around the…
Over 95% of organisations in Western economics are SMEs. SME’s are the least likely to afford cyber insurance, the least most likely to afford cybersecurity risk management, the most likely to collapse in the event of a significant cyber incident.…
