As the Colonial ransomware escalates the US has passed emergency legislation to allow truckers to transport fuel supplies down the East Coast of the US. The attack comes at a time when demand for fuel in the US is on…
A must read article. It was announced on Friday that a Ransomware attack shut down the Colonial Pipeline network. Impacting supplies from US fuel refiners on the Gulf Coast to Eastern and Southern United States, affecting around 45% of East…
The signing of Executive Order 14017 and adoption of Supply Chain Risk Management strategies and plans is starting to raise questions of how do you ensure that SCRM adequately addresses cybersecurity across the six sectors the EO focuses on? Given…
I wonder how this would work if financial reporting were to include Systems and Organisations Controls (SOC). Attesting to the effectiveness of organisations controls, amongst other things to supply chain and cyber risk. Ted Dziekanowski #cyberrisk‚Â #insurance‚Â #supplychain‚Â #cybersecurity‚Â #security‚Â #legalcompliance‚Â #cyber‚Â #supplychainsecurity‚Â #financialreporting‚Â #defenceindustry‚Â #financialrisk‚Â #federal‚Â #supplychainriskmanagement View Original Post
A document to read on Sunday with your croissants and coffee, the SECs 2020 FISMA report. Why? It evaluates the SEC’s implementation with guidance by the OMB, DHS and NIST of FISMA, focusing on a range of NIST standards including…
It’s from the left field, but we know that financial reporting to financial markets is core to stock and market stability. As the 75% fall in GE’s stock price attests (2017 and 2018). SEC’s order finds that GE violated the…
An important read and one to watch, as the EU proposes legal changes to close gaps in Financial Services cyber regulation across the block. If this moves ahead, and it could take some time for it to realise. The proposal…
The SECs Office of Compliance Inspections and Examinations (OCIE) issued a risk alert to all participants in financial service markets, specially focusing on ransomware. Recommending that organisations pay attention to alerts from the Department of Homeland Security Cybersecurity and Infrastructure…
Where do you start with this? There were many organisations and people defrauded by these teams and in some alleged cases of financial institutions losing £14Mn and a premier football team losing a combined £124Mn through BEC and VEC schemes.…
All was quiet on the Travelex front. It has been reported that the company is facing financial difficulties. The incident has had a severe impact on the companies liquidity and shares in its parent company Finablr have been suspended by…
