A very interesting read as US banks report more than $1 billion in potential ransomware payments in 2021. With Russian attack vectors being the top 5 tools accounting for the most payments. It goes partway to explain why the U.S…
A very interesting paper on the resent re-issue of OFAC rules and associated Executive Orders and history of OFAC and cyber, bringing up to date the September 2022 rewrite by the Department of Treasury (DoT). Adhering to OFAC regulations is…
Diamonds are forever, more so than the price of crypto. Graff diamonds paid a $7.5Million ransom demand in bitcoin in November 2021. They are suing their insurer Travelers for losses over the extortion, saying that the payment should be covered…
Ransomware is a critical cyber threat vector, whose impact is increasing and only set to continue a trajectory of year-on-year increases. Setting the agenda for increased cybersecurity risk management legislation, regulatory enforcement and a continued focus on cybersecurity legislation, education…
Supply chains are an ideal opportunity for disruption during these challenging economic and social times. Cyber Supply Chain Risk Management (C-SCRM) is a challenge for many manufactures, its expensive to implement and there is a lack of resources across industry…
The German business unit of Denso reported a cyber attack last week. It is the second confirmed cyber incident of a supplier to Toyota in the past month. While there are no report of disruption to Toyota production, one suspects…
Does the cyber insurance market need more money to underwrite cyber risk exposure? Alongside the additional capital companies need to cover the gap between inherent risk and the shortfall in cyber insurance coverage. Cyber insurance is struggling to cover the…
The European Data Protection Board (EDPB) adopted additional General Data Protection Regulation (GDPR) data breach notification guidelines at the end of 2021. At a time when the US Federal government is also progressing legislation through Congress to address cybersecurity governance,…
Cyber insurance prices are up, coverage down and loss ratios rising. Cyber is a difficult risk to manage and innovation, economic growth, cyberspace and technology are not on the side of the underwriter and the insured. In our paper we…
The cyber incident that affected Toyota in Japan last week has highlighted the challenges for Japan’s manufacturers and their supply chains. The first is the fragility of JIT supply chains to impacts in product processing and delivery, the second is…
