Ted Dziekanowski cyber regulation transfers risk Left of Bang, as cyber regulators set the baseline compliance requirements for boards and cyber professionals of U.S Capital Markets; New York Covered Financial Entities (NYDFS); soon to set the baseline for CNI and…
Defense primes, specifically those on U.S Capital markets face a much bigger problem than CMMC when it comes to stakeholders, that is the SEC final cyber rule. There is no doubt that the DoD is a critical customer to defense…
All risks are insurable, the question is how economic is it to insure the risk. The answer for cyber insurance is likely not very economic. We wrote in 2022 () that managing cyber risk through insurance was not going to…
A story of how a listed law firms acquisition, a cyber attack, failed capital raising, mismanagement and a legal scandal led to the collapse of a 157 year old law firm. What would the future have looked like if the…
Deloitte Canada has been fined $1mn for breaching CPA Ontario Code of Professional Conduct. Auditors changed the date and time settings on their computer clocks to backdate audit working paper signoffs. ‘PCAOB inspectors uncovered evidence of the creation of documents…
A ‘landmark trial’, could the failure of FTX be one of the most significant failures in corporate governance history? With the insolvency expert that took over FTX quoted as saying the “complete absence of trustworthy financial information†was worse than…
A great article from the FT, following this weeks AI summit in the UK, ‘Stop paying cyber Ransomware’. How? ,One sees no sensible answer coming out of many governments and the woes of boards are only just starting. When the…
So that’s how AI gets rid of jobs. That’s the challenge with LLMs, GIGO. One seems to remember an attorney falling foul of LLMs. One can’t wait to see how AI will transform the management of cyber. It will certainly…
An example that demonstrates the need for harmonisation of cybersecurity risk management across Federal Agencies. As Federal agencies move to regulate cybersecurity, that increases the burden of incident reporting and drives the need for harmonization of cyber incident reporting. Cyber…
For those cyber security professionals that have been or are in financial services, with offices located in New York. Or those that want to evaluate what a financial services regulation looks like, following closely on the heals of the SEC…
