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CYBER INSURANCE Insurers and Policyholders Face Challenges in an Evolving Market

A great report by the GAO on the state of the cyber insurance market, required under the 2021 NDAA. Driven by the fact that Federal Government provides some cyber support through the Treasury administers the Terrorism Risk Insurance Program (TRIP). Cyber insurance is in a difficult place with everything moving in the wrong direction. Take …

Cyber affects share price

Cyber regulation and US financial markets

Back in May 2020 the Cybersecurity Solarium Commission wrote to the Securities and Exchange Commission (SEC) to encourage it to exercise its authority under section 404 of the Sarbanes Oxley Act.  To include cyber risk reporting, recognising the material impact that cyber attacks have on corporate balance sheets and publicly traded companies.  SEC guidance around material …

Weapon system

2021 GAO report to congress on weapon system security – Improved guidance to contractors needed

Following on from their 2018 report on weapon systems security and cyber vulnerabilities.  The US Government Accountability Office (GAO) has conducted a further assessment to examine the extent to which the DoD has made progress in contracting cyber security requirements for weapon systems during product development.  Examining the extent to which the DoD and military …

Capitol Hill

Biden administration issues Interim National Security Guidance

The US President issued Interim National Security strategic Guidance on the 3rd March.  Setting out the vision for putting the US back on centre stage and how it is Americas self-interest to strengthen alliances to disrupt threats so that Americans can live in peace, security and prosperity.  The guidance sets out several strategic priorities.  1.  …

Capital Hill

US administration transition book from the Cybersecurity Solarium Commission

The new US administration has its work cut out for sure when it comes to cyber security, but the challenges and opportunities are recognised.  To support the development of strategy and operationalise cyber risk management the Cybersecurity Solarium Commission has offered its advice through the enclosed ‘Transition book for the incoming Biden Administration’. Providing useful …

Weapon system

In the beginning there was…….

Sometimes it’s useful to go back to the beginning, to understand the reasons for the decisions which are made and why.  To clarify the mission objective and reconfirm what we are doing and why we are doing it. The enclosed public report was published in 2018 by the US Government Accountability Office (GAO) to the …

The DoD CMMC programme and international DIB compliance

On 17th December 2020 the UK Defence trade associations ADS Group and Team Defence Information (TDI), Katie Arrington the CISO for the Office of the Under Secretary of Defence for Acquisition and Sustainment and myself, with the support of the UK Embassy in Washington. Held a CMMC webinar.  We introduced the US DoDs CMMC programme and …

Cyber, the DoD and CMMC

The DoD and the importance of Cyber, CMMC and NIST

On the 3rd of November 2020 myself, Rear Admiral William Chase (Senior Military Advisor for Cyber Policy to the Under Secretary of Defense for Policy/Deputy Principal Cyber Advisor to the Secretary), and John Weiler (Chairman of the CMMC Center of Excellence and CEO of the IT Acquisition Advisory Council) were invited to speak to the …

US Department of Defence

How will CMMC and DAM data be used by the Department of Defence for Contract awards?

With all intents and purposes the Interim Final Ruling published by the Department of Defence on the 29th of September 2020 will become affective on the 30th November 2020.  Requiring that contractors and subcontractors input their assessment of NIST SP 800 – 171 compliance and ultimately their CMMC certificates into the DoDs Supplier Performance Risk …