The cyber attack that affected Oiltanking Deutschland last week, initiating force majeure at its 11 German terminals, and Mabanaft Deutschland that also had to declare force majeure for the majority of its inland supply activities in Germany continues. It appears…
US president signs an order to put in place a National board to Examine National Cybersecurity Risks. Chaired by the DHS. ¢â‚¬Å“The Biden-Harris Administration has taken bold steps to meaningfully improve our cybersecurity resilience,¢â‚¬Â said‚ Secretary of Homeland Security Alejandro N.…
Cyber is a very difficult risk to insure for many reasons. Once an extreme loss event cyber is more an expected or just sitting inside of an unexpected loss for many firms and for insurers. Creating challenges for both the…
This is an important read to understand the direction the DoD and its CIO, under Federal Information Security Modernization Act (FISMA), is adopting for cyber security, risk management and the deployment of Continuous Diagnostic Monitoring (CDM). The DoD has an…
German fuel supplier Oiltanking Deutschland GmbH & Co. KG announced that it was hacked over last weekend. Something that sounds familiar in line with the Colonial hack. There is little detail but in an interesting move the company declared ‘force…
An important read from the Atlantic Council. What happens if the cables get cut, accidentally or otherwise? View Original Post
I hope an interesting read. The legislative, regulatory and regulatory enforcement regime for cybersecurity and risk management in the US has developed very quickly in 2021, and will continue in 2022. I would like to thank Matthew Bull and the…
Merck and Co has won its $1.4 Billion long running cyber insurance legal dispute with its insurers, following the 2017 Not Petya cyber attack. Judge‚Â Thomas J. Walsh‚Â ruled‚Â Jan. 13 that Mercks insurers cant claim the war exclusion because its language is…
Is Cybersecurity a market just about to take off, or a market that will inflate and then burst? Will developments in US cyber legislation and regulatory enforcement drive change across their domestic and international markets or not? Some may argue…
UK food retailer Tesco is reported to have been undergoing a hack for the past 2 days. Compromising its website and App. View Original Post
