With all the money and all the solutions are we preventing cyber attacks, or are we simply working to Paretos 80:20 law. I believe we’re working on the low hanging fruit, delivering the 80%. But to close the 20% requires…
Redcar and Cleveland council, near Middlesbourgh, the North East of England. Is undergoing a cyber attack. With local services being delivered through pen and paper. Cyber has been an issue for US municipalities for a number of years. With well…
This week the EIOPA is the European supervisory authority for Insurance and Occupational Pensions set out its priorities for 2020. One being to develop the strategy for cyber underwriting and to harmonize regulatory supervision across Europe. This means promoting appropriate…
Is the WEF correct in saying that cyber-risk should take center stage? The past month has seen the release of a number of reports from influential regulators and banks on cyber and their concerns on the impact of cyber attacks…
Norsk hydro is starting to recoup its losses following the 2019 cyber-attack. Reporting that $20.2 Mn in insurance has been paid out so far, against its estimated losses of between $70Mn – $80Mn (25% – 28%). They expect more to…
An important comment from the president of the European Central Bank (ECB), Christine Lagarde. Who has raised the concern of the impact of a cyber-attacks on market liquidity. Should a well orchestrated attack be aimed at major financial institutions. Which…
Is there an opportunity for the insurance industry to lead the way in cyber. The industry, to some degree, is in a privileged position, more so than the cyber service providers themselves. They deal with clients at every stage of…
There is no available news to tell us why its taking so long to get services back up and running. But Travelex is still not fully operational, over a month after the ransomware attack. Communications about the attack have been…
2020 is kicking off with vengance. Travelex, CCPA, plenty of advisories. I do not know how large the law firms are but client confidentiality is prima facia. No one wants their most intimate personal details aired in public. View Original…
Are we just shooting ourselves in the foot? Poor patch management, compromised accounts and a data breach. A week in which the NSA and SEC released guidance and observations on cyber security. We know that getting the basics right can…
