Cyber insurance like any insurance product has to be part of any risk mitigation strategy. The problem today however for the insurance industry and the insured is it has been used more or less as the main risk mitigation tool.…
Cybersecurity is a critical capability for all organisations. A capability that is receiving attention from shareholders, regulators and courts. Well documented cyber attacks have demonstrated the impact of cyber attacks on the theft of our personal data, corporate brand and…
As a Security Professional and a Counsel Appointed cyber Advisor I can empathize with the CISO in the Uber case. I suspect that what the CISO went through at the time of the incident in 2017, to some degree, has been…
This is a very significant and important read for CSOs and CISOs, relating to the court case bought against Ubers former head of security. On the 5th October a federal jury convicted Ubers former CSO of obstruction of proceedings of…
This is an important judgement at a time when regulators are looking to increase cybersecurity risk management oversight, assurance and attestation. The case highlights the courts view of the role of the CSO at the time of the incident and…
Thank you Ted Dziekanowski. My understanding is that the total capacity of the re-insurance market is around $700bn (). Cyber-attack frequency, complexity and severity is increasing and the impact of a catastrophic cyber incident and aggregated insurance losses are likely…
Lloyds of London is experiencing its own technical challenges. All external connectivity has been turned off, including Lloyds delegated authority platforms,†a Lloyds spokesperson was cited by The Record as saying. We have informed market participants and relevant parties, and we will…
Telstra Australia’s largest telecoms company is managing the fall out from a cyber breach. With reports that a breach occurred in 2017 emanating from a third party supplier that managed a staff benefits program. The breach has come to light…
Moody’s is laying the ground for cybersecurity risk evaluation of corporate credit and debt. Evaluating $22 trillion of global debt rating cyber risk exposure, with electric, gas and water utilities, as well as hospitals, among the sectors facing the highest…
‘Cyber is reaching an inflection point’. Cyber is becoming a high risk game for boards as regulators focus in on cyber risk management, corporate governance, cyber strategy and risk mitigation. With regulators, institutional investors and credit rating agencies playing very…
