From the 1st September 2023 Federally Insured Credit Unions must notify the National Credit Union Administration (NCUA), ‘as soon as possible, and no later than 72 hours, after the credit union reasonably believes it has experienced a reportable cyber incident…
What will the future bring for cybersecurity products and services is a question that is front and center. We have recently seen layoffs from several high profile cybersecurity vendors, cyber attacks continue to rise, cyber insurance costs are increasing, exclusion…
The cyber stars are aligning behind cyber regulation. As the ONCD national cyber strategy, SEC Final Ruling and EU regulators all move ahead with cybersecurity and cybersecurity risk management regulation. That predominantly focus upon the role corporates play in the…
As predicated, and to quote a well known film staring Adam Sandler, the SEC final ruling on cyber is ‘opening up a can of whoop-ass’. Not only requiring covered entities to disclose material cyber risks and incidents (See our Bloomberg…
It is a pleasure to be quoted in the Wall Street Journal (WSJ) this week. Discussing recent cybersecurity industry layoffs, and the opportunities that cybersecurity risk management regulation such as the SEC final ruling, will bring to the cyber industry…
The thing about cybersecurity risk management is that you are never surprised, this is no exception. Not by the statement that Asset Management is included in corporate cyber risk assessment, but that it’s a consideration. You cannot manage cyber risk…
The Beazley report on cyber insurance is worth taking a look at. What is of concern is the Boardroom perception of cyber risk falls sharply from the pandemic years. Well one can guarantee with 100% certainty that this is going…
The New York Governor Kathy Hochul has ear marked over $600m for investment in the states first-ever statewide cyber strategy and unify cybersecurity services. The strategy offers up 5 pillars that includes network resilience, regulation of critical industries, improved collaboration, growing…
Rapid 7 are not the first cyber company to announce a reduction in numbers recently. It is concerning that the cybersecurity industry is reducing its work force, at a time when it looks very much like cyber regulation is increasing…
There are many comments on the suitability of cyber regulation, focusing on the role of Federal Agencies and of incident reporting. But all seem to forget that the U.S adopted FISMA under OMB A 130 from 2002. A regulation that…
