Thank you Chris Burt for inviting me to discuss cyber regulation and cyber risk with the risk Coalition. Cyber regulation is moving quickly in the U.S and EU, requiring covered firms demonstrate their management of cyber risk, that includes cyber…
An efficient cyber insurance market is required with “experience, innovation, and collaboration†is needed to sustain growth, which comes against a backdrop of price increases in this line moderating, as well as concerns about systemic risk The cyber insurance value chain…
Ted Dziekanowski cyber regulation transfers risk Left of Bang, as cyber regulators set the baseline compliance requirements for boards and cyber professionals of U.S Capital Markets; New York Covered Financial Entities (NYDFS); soon to set the baseline for CNI and…
Defense primes, specifically those on U.S Capital markets face a much bigger problem than CMMC when it comes to stakeholders, that is the SEC final cyber rule. There is no doubt that the DoD is a critical customer to defense…
All risks are insurable, the question is how economic is it to insure the risk. The answer for cyber insurance is likely not very economic. We wrote in 2022 () that managing cyber risk through insurance was not going to…
One wonders if AI will go the same way. So many experts. So much capital, so little clarity of outcomes. Ted Dziekanowski #theaugusatgroup #cybersecurity #cyberriskmanagement View Original Post
A story of how a listed law firms acquisition, a cyber attack, failed capital raising, mismanagement and a legal scandal led to the collapse of a 157 year old law firm. What would the future have looked like if the…
A great article from the FT, following this weeks AI summit in the UK, ‘Stop paying cyber Ransomware’. How? ,One sees no sensible answer coming out of many governments and the woes of boards are only just starting. When the…
So that’s how AI gets rid of jobs. That’s the challenge with LLMs, GIGO. One seems to remember an attorney falling foul of LLMs. One can’t wait to see how AI will transform the management of cyber. It will certainly…
Singapore’s banking regulator takes a pragmatic approach, taking control of the transformation program of DBS bank, following at least 6 major disruptions to services in 2023. The regulator imposed additional regulatory capital of $1.6 billion regulator in May, marked up…
