Well worth a weekend read, if you are a Financial Institution that trades in the UK and trades in the EU. As the The Bank of England fines Vocalink £11.9 million of failure in governance and risk management. Rolf von…
The severity of this cannot be underestimated. The Bank of England has fined Vocalink, a Mastercard company £11.9 million of failure in governance and risk management. The bank highlighted failures by the company to properly understand, monitor and share risks…
And the games begin……………. As Delta sues Crowdstrike following the July 19th incident, that caused system outages across the globe following a software update by Crowdstrike . An update that bought companies such a Delta to a standstill. The lawsuit…
Delta airlines has filed an updated 8k to the SEC, following the 19th of July Crowdstrike incident. On the downside the incident is estimated to have cost Delta $380million in customer refunds for cancelled flights and compensation and non fuel…
A window into the effect of the CDK systems outage, that affected the U.S auto industry in Q2. As Sonic Automotive reports the attack has material effect on Q2 earnings. Sonic reported the outage cost it around $30 million or…
We are now seeing a change in how investors perceive corporate governance. As shareholders in Crowdstrike file a lawsuit against the company alleging materially false and misleading assurances. ‘The lawsuit, which was filed in Austin, Texas, alleging Crowdstrike assured investors…
Are we starting to see the investment community wake up to ICT, cyber and the effects of third party supplier risk? Class actions are mounting against the company. One wonders the effect on the companies operating expenses and free cash…
if this is indeed true, then one hopes that it didn’t originate from the PR and Marketing department I mean $10 per PC is slot of Coffee or pizza for one of the affected banks. Enough to keep their back…
The January 2025 deadline for DORA compliance is approaching. Comments by the Chair of the Joint European Supervisory Authorities (ESAs) Sub-Committee on Digital Operational Resilience, at a recent DORA event highlighted the pace of change of cybersecurity regulation in the…
A great overview of DORA, if it becomes law. Time will codify ICT risks under DORA for EU Financial services firms as DORA takes precedence. DORA is significant legislation for EU Finance firms, placing requirements on organisations to manage their…
