An interesting article from the FT. The SolarWinds hack is by no means a cause celebre, but it demonstrates the catastrophic effect of a cyber attack on an organisation. An attack that had not been seen at such scale, an…
There is a recognition that cyber was low on the agenda last year, but now rising to the top – ‘This time last year, one of the challenges that cyber security experts faced was getting cyber security to be taken…
Thank you Rachel V. Rose, JD, MBA, it’s an interesting post indeed. One wonders what this means then for the next round of court cases, if under Delaware law the directors cannot be held accountable for ‘simple negligence’. A judgement…
Following on from my previous post. The enclosed link is a useful read to gauge the general sentiment associated with the SECs comments on the Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure. Presenting a real world view of the…
A very interesting update by SEC Commissioner Jaime Lizarraga on cybersecurity. Discussing the effects of cyber security on financial stability and the recently released proposed SEC cybersecuirty risk management regulations. The remarks heavily reference Sarbanes Oxley and the role of…
A further example of the challenges that the cyber insurance face, thank you for posting Stephen Pitt-Walker, JD, FGIA. We have reported many times of the challenges that cyber insurers face with economically underwriting cyber insurance. Now the federation of…
If banks cannot manage the risk then we’re all buggered. Least of all because of the impact on financial stability if they do not, to say the stakes are high is not FUD. See the previous post from Gary Gensler…
Based upon Marsh’s data, more companies are purchasing cyber insurance (36% of U.S clients in 2022, vs. 33% in 2020). There is a rise in the number of captives, Marsh managed captives writing cyber insurance increased by 75% between 2020…
Thank you for posting Stephen Pitt-Walker, JD, FGIA. The Australian Critical Infrastructure Asset Class Definition Guidance makes for an interesting read. It is a clear and concise guide to identify if an entity is considered as Critical Infrastructure, whether it…
What next for cyber insurers, ‘Right of Bang’ or ‘Left of Bang’. Go where the incident has been, or where compliance is required. Ted Dziekanowski #cyberinsurance #cyberriskmanagement #cyberregulation View Original Post
