Time is not on our side. Cyber attack frequency is up; cyber insurers have recently indicated a slow down in the market and focus on SMEs; the U.S

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Time is not on our side. Cyber attack frequency is up; cyber insurers have recently indicated a slow down in the market and focus on SMEs; the U.S, EU and Australia are regulating cyber compliance; we don’t have a functioning and effective cyber strategy and we don’t have enough skilled and experienced cyber resources.The difficult truth is the gap was already wide and to say it is widening is in ones opinion taking an already difficult situation and saying it’s getting worst.To say that defending against cyber attacks is not technically difficult is an ill thought through statement. The only reason systemically important banks protect themselves against cyber attacks is they spend on average $400 million a year each doing it and they only do it to satisfy regulators and manage capital adequacy requirements. One only has to look at U.S defence cyber strategy that UK defence contractors should have followed since December 2017; the SEC final cyber rule; EU NIS 2 or DORA to understand how difficult cyber compliance and how far behind the UK is. Yes there’s a place for cyber hygiene across society, but if it were that simple we’d all be kicking back with a beer. Nation state threat actors would not have stolen defense IP (F35), shut down U.S healthcare, UK health contractors, U.S Automotive, or have U.S and UK Security services announcing that our CNI was vulnerable to cyber attacks, or worst (Chris Wray Senate committee hearings 2024).That smell is burnt coffee………………………………we overslept.@Thaddeus Dziekanowski Brian D. McCarthy Faisal KhanVeritas GRC#cybersecurity #cyberriskmanagement #cyberregulation

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