What will the future bring for cybersecurity products and services is a question that is front and center. We have recently seen layoffs from several high profile cybersecurity vendors, cyber attacks continue to rise, cyber insurance costs are increasing, exclusion…
The SEC submitted an amicus curiae brief to address an important legal issue related to Section 16(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78p(b). Supporting beneficial owners of an issuers securities bring a claim involving short-swing…
Olaf Classen here is an interesting question, now the SEC final ruling has been passed. As of the December 2023 covered registrants are to report material cyber incidents to the SEC. If a covered company is effected by the recently…
The cyber stars are aligning behind cyber regulation. As the ONCD national cyber strategy, SEC Final Ruling and EU regulators all move ahead with cybersecurity and cybersecurity risk management regulation. That predominantly focus upon the role corporates play in the…
It’s the good old adage that cybersecurity ‘is an asymmetric risk’, don’t you know. The challenge with AI today is that allot of it, (most of it), relies on Large Language Models. Using large pools of data on what has…
As predicated, and to quote a well known film staring Adam Sandler, the SEC final ruling on cyber is ‘opening up a can of whoop-ass’. Not only requiring covered entities to disclose material cyber risks and incidents (See our Bloomberg…
It has been a privilege working with U.S Attorney Rachel V. Rose, JD, MBA and Ted Dziekanowski, on the enclosed article published by Bloomberg Law. In which we evaluate the Securities and Exchange Commissions final ruling for cybersecurity (Effective 5th…
It is a pleasure to be quoted in the Wall Street Journal (WSJ) this week. Discussing recent cybersecurity industry layoffs, and the opportunities that cybersecurity risk management regulation such as the SEC final ruling, will bring to the cyber industry…
NIST is moving forward with its assessment of public comments for NIST SP 800-171 and revision to R3. A document that is influential for covered defense contractor compliance to DFARS 252.204-7012. It also provides one foundation for what could be…
Corporate America is concerned about the timing of the SEC cyber ruling. While the timely reporting of material cyber incidents is Important. It is by far the least consuming of the rule. Disclosure and management of material cyber risk is…
