At the time the Final Cyber rule for SEC covered market registrants was proposed, a second ruling regulating the cybersecurity risk management of Investment advisors, registered investment companies and business development companies (the “adviser cybersecurity ruleâ€Â) was also proposed. While…
Well worth a read. You couldn’t manage the message if you tired. At the same time that China unveils its Cyber Force (), the head of the FBI, Christopher Wray, makes it clear that Chinese Government poses a ‘Broad and…
It’s always been the golden rule to stay clear of using FUD to sell cybersecurity. So one has always tried to not use it. But one sees more and more concern raised about cyber attacks, national security and the effect…
What’s next for companies built on open source code and companies whose software stack uses open source code. As U.S and EU regulators tighten cybersecurity regulations. Opensource code has many advantages, but cybersecurity is not one of them. Vulnerabilities, patching…
A great discussion of the SEC final cyber rule, materiality and D&O insurance. The question of materiality and the SEC Final rule is a complex one. It applies to the Left and Right of Bang evaluation of Risk. Left through…
In ones view the cyber and D&O insurance industry faces a problem. Namely where is it going to get the cash to handle claims and regulatory capital, if it expects to grow GRW premiums to the much reported figures? As…
The Big 4 story from Australia is probably no different for other jurisdictions. As regulators in the UK and U.S have also focused on big 4 consultancies, primarily across their audit practices. The big 4 have found themselves in front…
When we look at the trajectory of cyberattacks over the past 5 years, we have gone from a relatively low starting point of frequency, complexity and severity of impact. To National Security Agencies openly stating the cyber threat and cyber…
This week earnings call by United Health makes for an interesting read, as it starts by discussing the effect of the recent cyber attack on financial performance. Its interesting to note the language used in the call to describe the…
One suspects the targets have already been chosen and doors ready to be opened. As cyber attacks following recent geopolitical events in the Middle East move between kinetic and logical, offensive and defensive operations. As 2 respected and accomplished cyber…
