Cyber insurance offers opportunities and threats. Opportunities can be made by going ‘Left of Bang’ and delivering proactive cybersecurity risk management ahead of incident response. Demonstrating Proactive risk management is required by insurers under EU and US regulation and by…
There’s something going seriously wrong. It’s not just targeted against KnowBe4. One calls it ‘cyber balloon syndrome’. Cyber is just like a half filled balloon, you squeeze it and it just adapts and appears somewhere else. In this case taking…
Delta Airlines incident response and recovery is under the regulatory spotlight of the U.S Department of Transport. Delta accounts for over 60% of flights cancelled in the U.S. 6,500 flights cancelled following the incident. Thursday evening all quiet on the…
The first stab at direct Crowdstrike lossess is creeping up to the estimated cost of Not Petya. One expects direct and indirect lossess to be closer to $50 billion when all well and done. One has to ask how any…
What is interesting about last weeks incident is there appears to be no real solutions put forward to prevent further crisis. Solution that can be delivered where rubber meets the road. The digital gene is well and truly out the…
if this is indeed true, then one hopes that it didn’t originate from the PR and Marketing department I mean $10 per PC is slot of Coffee or pizza for one of the affected banks. Enough to keep their back…
Horse, bolted comes to mind. Aren’t tech vendors meant to implement secure by design and zero trust? @Thaddeus Dziekanowski Brian D. McCarthy Veritas GRC #cybersecurity #cyberriskmanagement View Original Post
The insurance industry is predicted to withstand losses following Fridays Crowdstrike incident. 2024 has seen several major technology and cyber incidents that one could consider significant. Fitch does not believe preliminary lossess will be material. The challenge will be consequential…
How does industry protect itself from threats such as this? @Thaddeus Dziekanowski Brian D. McCarthy Veritas GRC ##cybersecurity #cyberriskmanagement View Original Post
Yes, cyber will be, should be, the biggest concern to the Insurance industry. One would suggest that ICT risk, such as that experienced last week, combined with cyber will be big enough risks to capital that insurers will leave the…
