The recent cyber attack on the U.S business of ICBC bank has bought to light the considerable influence China has over U.S debt. China is one of the biggest funders and owners of U.S dept and ICBC bank is a…
Thank you for posting Ted Dziekanowski. A demonstration of the challenges that CNI providers face in securing their infrastructure. Exploiting vulnerabilities in Zyxel firewalls on the 11th May and successfully secured on the same day. Followed up by a second…
Cyber reinsurance market is still attractive despite ransomware attacks up 176% in Q2 2023 over the same period in 2022. While attack frequency has increased claims frequency has not. Are we seeing more self-insurance? Pricing in 2023 was 2.5x times…
Follow the money, but is there a cost? Generally every year you have a good idea where the hurricanes are going to be, where its going to be hot and cold, dry and wet. Climate change is effecting that, but…
This is definitively a read from the Wall Street Journal (). We may have a case that raises the question of ‘Adequate’ cybersecurity risk management compliance, as SolarWinds comes out fighting over last weeks SEC charges against the company and…
ICBC bank may have been affected by a ransomware attack that has had a knock on effect on U.S Treasury markets. One cannot under estimate the potential effects of a disruption of treasury markets, the inter-connected ecosystem of financial markets.…
One wonders if AI will go the same way. So many experts. So much capital, so little clarity of outcomes. Ted Dziekanowski #theaugusatgroup #cybersecurity #cyberriskmanagement View Original Post
Closing out Cyber month a great report from AXA that reviews the top risks for 2023. With cyber in the number 2 slot behind climate change and keeping within the number 3 position consistently for the past 5 years. The…
A nice article that outlines the challenges ahead for cyber regulatory compliance. Be it the SEC final rule, EU NIS or DORA, they all have common themes of cybersecurity risk management, board oversight, assurance and attestation and regulatory reporting of…
We are moving into very uncomfortable territory, as ION is up on the LockBit 3 blog. That cannot be a good thing for the firm that completes derivatives trades across stock, bond and commodities markets. While in not considered a…
