Here in lies the challenge for both the insurer and insured. A challenge that must be addressed as cybersecurity risk management regulation is implemented. Cyber insurers understand that the long term costs of a cyber attack can mount. The legal…
Cybersecurity is national security, corporate security and societal security. Cybersecurity requires national collaboration between governments and corporates and the international harmonisation of cyber legislation, regulation, frameworks and standards. So that international trade, and the economic cybersecurity of products and services…
Could a cyber alliance between Iran and Russia create challenges not just for Israel? But heighten the effects of attacks against other nation states, at a time when the general cyber maturity of the public and private sector needs further…
A nice audio on the work the Australian government has put in place to improve Australia’s cyber posture, in a relatively short space of time. Recent cyber attacks against Australian infrastructure have likely moved the needle. Ted Dziekanowski #cybersecurity #cyberriskmanagement…
U.S DoD DFARS, specifically DFARS 7021 (CMMC) is moving slowly ahead to a conclusion. A conclusion that is likely to see the 2020 IFR (DFARS 252.204-7019 and 7020), and CMMC (DFARS 7021) progress to OMB. However, as the US Aerospace…
Thank you for posting Olaf Classen. The ATM manufacturer has reported that it suffered a Ransomware attack last week. While little is publicly known about the attack, Reddit users described in the article talk about a data center outage, ()…
A consolidated view of cyber incident reporting from the Financial Stability Board. The Financial Stability Board is an international body that monitors and makes recommendations about the global financial system. It has consolidated the cyber incident reporting for Financial Institutions.…
Regulators and in this case investors, seem to be taking active oversight of audit firms, highlighted by this judgement. KMPG were order to pay $231mn following a claim by investors of poor audit practice. At a time when we see…
German defense Contractor Rheinmetall looks to be a victim of a cyber attack that has affected its subsidiaries. There are reports systems have been affected worldwide, requiring some to send employees home. This is a significant event given the companies…
A great HBR update on cyber risk management. Setting out the moved organisations need to make away from typical controls based oversight to a risk based approach. Cyber risk management requires a better understanding of threats, vulnerabilities, risks and risk…
