A nice article on the opportunities for insurers to support clients transfer cyber risk. The problems for the insured and insurer are risk transfer, regulatory capital and reinsurance capital. That all leads to an increasing coverage gap, and one is…
Thanks for posting Olaf Classen. Has Mercedes-Benz lost some of its source code, as it appears that an authentication token was stored in a Public GitHub repository for a few months? Hypothetically, while it may not be the case for…
Thank you for posting Olaf Classen. The effects of supply chain or third party hacks demonstrate the need to ensure supplies can and are able to manage cybersecurity risks. As in this case, public sector organisations and MSPs fall under…
There’s a bit of media attention following Microsoft submitting an 8K filling to the SEC (below), in response to its recent email compromise. There’s conversation about the SEC final cyber rule and material incident reporting. Material incident reporting is not…
Are there any alternative standards? When one ponders the question through the lens of British Industry. The question is not ‘Are there any alternative standards’, but how will UK industry comply to the cyber regulations implemented by international regulators. Cyber…
The German Finance regulator BaFin yesterday published its ‘Risks in the Focus of Bafin 2024’ this week. Highlighting the main 7 risks facing German financial markets. Risks that include the risk from cyber attack () and concentration risks from outsourced…
The UK Government has opened a call for evidence, for its proposals for A Cybersecurity Governance Code of Practice. UK partners such as the U.S and EU have recognised that market forces have not been effective at enforcing cybersecurity risk…
One sees further collaboration on cyber between Australia and the U.S, as the Office of Foreign Asset Control (OFAC), adds Aleksandr Ermakov to Cyber-Related Designation list. An individual accused of the Medibank cyber attack. In an announcement earlier today, that…
Thank you for posting Olaf Classen, a very good point. If the hacker compromised Medibank, why are they not sanctioned by the U.S and EU? Is the duty to protect U.S and EU firms any different? View Original Post
The Australian Government has identified a Russian national as being responsible for the Medibank. Imposing targeted financial sanctions and a travel ban on Alksandr Ermakov. Making it a criminal offense punishable by up to 10 years imprisonments and fines, to…
