An interesting Thematic Review from the UK Institute and Faculty of Actuaries reviewing actuarial cyber risk management. In part demonstrating the challenges that insurers face with the evaluation and under writing of cyber risk.The report highlights the opportunities for Actuaries…
For those who develop products and services that amongst other things develop stuff using software. Those pesky regulators in the EU updated the Product Liability Directive to increase the oversight of software. in force the Directive places software under the…
A Video worth watching with Jan Easterly the director of CISA. Discussing the cyber threat from Nation States. Nation state threat actors have been compromising U.S technology companies for years.Nation states are a threat tactics have changed over the years.…
Boards Governed by U.S States have a fiduciary responsibility to implement and monitor oversight processes for monitoring of business risks. They should satisfy themselves that their organisations have the appropriate policies, processes and procedures for risk management have been implemented…
How do you manage sovereignty and infrastructure when you don’t have borders; building defenses requires 100,000s of companies to build digitial walls; your physical CNI infrastructure is dependent on digital security; you invest more money on overseas development than cybersecurity;…
I learnt a few things working in insurance. One being that insurance is the least exciting and the most exciting product. The least exciting, as its often seen as a necessity purchase. The most exciting as the claims process takes…
China comes out against statements made by the 5 Eyes (FVEY) community, that raised concerns of Chinas infiltration of Critical National Infrastructure. Calling Chinese cyber spying claims ‘groundless frame-ups’.Making clear that as far as China is concerned, the U.S was…
@Thaddeus Dziekanowski managing cybersecurity is a national security problem, and it will be a significant problem for the incoming President and the regime at the SEC. A requirement the SEC has had to manage itself, demonstrated by its annual FISMA…
To quote @Thaddeus Dziekanowski, the ‘shoemakers children don’t have shoes’ as the New York Services Department of Financial Services fines Travelers Indemnity Company and Great Employees Insurance Company a combined $11.3m by the regulator into cybersecurity practices at both companies.…
Boards globally have always found it difficult to understand cyber risk, and the effects of cyber risks be they financial, operational, legal or shareholder.To some degree this is due to the mixed messages board receive from across industry. Take the…
