Further crypto wobbles as the shares of Voyager Digital fell 60 per cent after it was reported that the broker revealed it could lose more than $650mn it had loaned to struggling hedge fund Three Arrows Capital. That has been…
A great article. 2021 was a difficult year for the cyber insurance/ re-insurance market, as it came to terms with the challenges of ransomware. Leading to increased premiums, reduced coverage and increased loss ratios. No one is predicting that cyber…
This is a balanced article on the regulation of digital assets and its benefits. Highlighting that regulation will come to the asset class from various sources. In this case the Financial Action Task Force (FATF), the global AML and Terrorist…
Following yesterdays House Oversight and Reform committee hearing on updating FISMA (2022). I have enclosed a paper that outlines the importance of FISMA and the Office of Management and Budgets OMB-A130 regulation. That have are foundations of US Federal Cyber…
The enclosed committee hearing(11.01.2022) is important to watch. For those that do not know about the Federal Information Security Modernization Act 2014 (2002), it is foundation regulation that forms part of the US approach to cyber security. It was last…
I’m pleased to announce that the Augusta Group with 327 Solutions are running seminars in 2022 on US cyber regulation and legislation. Starting next month we will be discussing the changing US legislative landscape as it related to cyber and…
There’s been allot of talk about CMMC over recent weeks and months and its impact on the Defence Industry Base (DIB). But CMMC only focused on the cybersecurity requirements of the Department of Defence. To date the primary cyber regulation…
For those looking to understand the history of DFARS, NIST SP 800-171 and CMMC. As it has been applied by the DoD then the enclosed GAO report is a must read document. Published in December 2021 by the US Governments…
The US is moving forward quickly to address the challenges that cybersecurity and its low levels of cyber maturity bring. Challenges that it is not alone in facing and in all likely hood is more advanced than many Western nations…
Leading out of the starting blocks into 2022 I have a question. ‘Is cyber a risk that can be insured today without a radical rethink of the oversight and assurance of cyber risk management by the cyber insurance industry?’ In…
