An interesting article on cyber insurance. With underwriters saying they need more data to accurately model and underwrite the risk. In my opinion cyber risk bares no relation to most traditional insurance risks. Cyber is systemic in nature, the speed,…
Florida City pays $600,000 to get it’s data back following a ransomware. An expense email click. But with Baltimore, Atlanta, Newark, N.J., and Sarasota to name but a few, they may have had no choice. I find it interesting, with…
We’re still some way off getting cyber (security) leaders at the board table. Security spend is rising, yet CISOs aren’t getting their feet under the board table. They are still not peers of CIO. In my view there’s something which…
A very interesting article, potentially a first, written on the impact of a significant cyber attack on a group of systemically Important banks in the US. It provides an insight into liquidity, with a belief that there is enough liquidity…
A Bank of England raised the concern about the systemic impact of a nation state attacks on UK banks. Not so much if a single bank goes down. But if a nation state actor compromises the records of more than…
I do agree with the points made, its my own experience that there are some fundamental issues with security today. Which need to be addressed if we are going to drive the fundamental change needed for organisations to manage cyber…
US regulators are looking to pool their cyber testing regimes to try and reduce the testing burden on banks. Everyone recognizes that Cyber is the biggest non-financial risk that the financial services sector faces. With the system being as strong…
A cyber attack is an interesting thing. Once your name is up there in the spot light. you may not be able to shake off the stigma, it will hang onto your brand for a long time. View Original Post…
Are we now in a dangerous place, with news that the US Power Networks have been probed for months. And the US now openly discussing the deployment of code into the Russian power grid. Cyber back on the geopolitical agenda,…
The UK and Singapore agree closer ties on cyber security. View Original Post
