Following the cyber-attack on Equifax back in 2017 Moody’s downgraded part of their credit rating twice, concerned that cashflow will become an issue as the company deals with the attack. That reportedly cost Equifax over $1.5Billion to resolve, including fines…
US, UK and Australian partnership announced to build nuclear powered submarines for Australia. The Chinese may not be to happy with such a capable weapon system homed in the region. View Original Post
The SEC is upping the anti on cybersecurity disclosures. Announcing settlements against eight investment advisory firms and broker-dealers, related to alleged failures in their cybersecurity procedures. The recent request from the SEC to those companies impact by SolarWinds to identify…
At a recent event Ellen Lord, the former undersecretary of defense for acquisition and sustainment and Christine Michienzi, CTO for the Office of the Deputy Assistant Secretary of Defense for Industrial Policy discussed the vulnerability of the supply chains. With…
ESG regulation is immanent and who is going to lead corporate oversight and assurance. Compliance, risk or legal? I will add to this paper that Cyber Risk Governance is on the Securities and Exchange Commission 2021 regulatory agenda and will…
This is important. US Regulation is in place today to allow for the enforcement of cybersecurity across Federal government. With it likely that more will be developed and enforced to protect National Infrastructure. The Securities and Exchange Commission recently announced…
Regulatory reporting and oversight is a focus across many jurisdictions, as we start to come out of the Pandemic. The Bank of England following its commissioning of a number of reports from skilled persons¢â‚¬Â to assess systems and controls on…
A very important read. The SEC have launched an investigation into the SolarWinds hack, reaching out to 100’s of companies asking them to disclose records of ‘any other’ data breach or ransomware attack dating back to 2019, if they downloaded…
As a founding member of the CMMC AB standards working group and having built and led both 1st and 2nd Lines of Defence for cybersecurity and risk across regulated markets, I know the CMMC intimately and in my opinion CMMC…
A report worth reading from Bloomberg. Banks are coming under increased pressure ahead of the 2022 deadline undertake ESG stress tests. The ECB has concerns that European banks are not ready to comply with the ESG regime. With a recent…
