An interesting observations between SARs and the rise in crypto transactions. As Crypto exchanges reported a significant number of SARs. Maybe a correlation to the number of registered Money Services Businesses registered with FINCEN, the number of transactions processed or…
The enclosed statement by the Chair of the SEC Gary Gensler is a very significant for cybersecurity. Announcing a proposal by the SEC for cybersecurity reforms aimed at the Investment management industry. The 243 page document sets out requirements for…
The European Central Bank (ECB) is warning EU banks to prepare for Russian state sponsored cyber attacks ahead of the recent tensions between East and West. I do hope that tension can be deescalated over the coming weeks. Financial infrastructure…
The UK Foreign, Commonwealth and Development Office (FCDO)‚Â called in BAE applied intelligence to help resolve a cyber incident in January 2022. There is no detail of the incident and it is difficult to speculate other than to point towards heightened…
Thank you for publishing this Scott Edwards (Kurt Lessmann,‚Â Chandler Hall‚Â and‚Â Amy Edwards) highlighting the challenges Small Business America (and big business for that matter) is facing with CMMC compliance, and the challenges the DoD could face if companies decide to leave…
The amount of money that the UN estimates the North Koreans have hacked over the past 3 years is difficult to accurately quantify, but its well north of $2Billion. From crypto currency hacks and ransomware campaigns. Monies used to fund…
A great read, a balanced view of CMMC over the past 3 years, and the challenges ahead for defense contractors if the DoD continues with CMMC 2.0. The DIBCAC assessments point to the obstacles the DIB is going to face…
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…
