Subscribe to Blogs
There is a real thirst for the latest thinking on the subject of IT Leadership so I have decided to contribute to the debate by joining the ranks of the blogging community. In this, my first blog I have decided to ask the question: why an infrastructure roadmap?
Some of the communications that surround the EU’s General Data Protection Regulation have been very negative. From where I am positioned as an Information Security professional in the UK, however, I see a number of positives. Is it a calamity or an opportunity? It is my belief that GDPR offers a golden opportunity to businesses and data professionals. Here’s why.
Jessie Livermore was an American investor and securities analyst who flourished in the first half of the twentieth century. After reading about Livermore’s approach to risk management it was the things that were not obvious that got me thinking about the value of Business Continuity Management in his business life.
A bizarre old Washington Post article from 2012 got me thinking about the value of assets – both real and intangible – and the meaning of enterprise asset “value” in 2017. It made me think about the importance of understanding the value of asset data today and how businesses need to take steps to ensure those assets are never knowingly undersold. One way of achieving that is through an understanding of the General Data Protection Regulation, which I will come to later.
As a Lloyd's Managing Agency you will be well aware that Minimum Standard MS3 (Governance) for operating at Lloyd's requires you to: “Establish, implement and maintain a business continuity programme and take reasonable steps to ensure continuity in the performance of your activities”
In the week when the U.S. Secret Service appears to have concluded that the recent Presidential election was subverted by state sponsored hackers it is becoming clearer to the wider world that businesses need to have an incident response plan. Such a plan is very much in line with the NIST Cyber Framework under the category Respond – Develop and implement the appropriate activities to take action regarding a detected cybersecurity event.
Welcome to my first new blog of 2017. At the end of last year I began writing a series of blogs on blockchain and smart contracts. The other area where I can see smart contracts adding value in 2017 is in reducing the amount of fraud that exists today in the US healthcare system.
In this series of blogs on blockchain I have assessed the potential applications for the technology. The resilience aspect of Blockchain is very interesting.
What is a distributed ledger? A ledger is just a list of transactions. It can contain additional information, of course, but it is not supposed to be gigabytes of data per transaction. You may have lots of blockchains that could connect together but the key aspect is that it is a chain.
Blockchain is very much software infrastructure, something that in years to come may exist at the heart of many systems but not referred to. According to Nuttall; “Bitcoin is the next big protocol associated with the name Satoshi Yakamoto who is a person that doesn’t actually exist. That is quite scary – we are talking a new protocol and technology and we don’t even know the person that created it! Leaving that aside, the protocol is Bitcoin but the technology that underpins it is Blockchain.”...
What is it about the blockchain, the so-called distributed ledger that along with smart contracts seem set to take the world – that includes our inwardly facing insurance sector - by storm?
The end of the year is fast approaching, which means that as a Lloyd’s Managing Agency, you will need to have achieved some Cyber accreditation in order to meet minimum standard MS12 for operating at Lloyd’s.
As regulatory requirements become increasingly global in nature, more insurers now understand the importance of adopting a holistic approach to regulatory and governance requests. Too many insurance companies, however, are still dealing with regulation in a piecemeal fashion as opposed to looking at what is likely to be required in implementing a holistic framework...
“The cyber market now is where the natural catastrophe market was in the early 2000s,” said Darren Wray, chief executive officer interview exclusively by Intelligent Insurer magazine. He explained that previously in the nat cat market, re/insurers knew there would be a certain number of storms over the course of the year but the information was more anecdotal than data-led.
Cyber insurance is currently seen as one of the few growth segments in re/insurance, attracting market players perceiving it as profitable business and looking to gather data to base future underwriting on. But profitability may quickly decline as the risks remain unclear, capacity expands and higher risk organisations buy cyber insurance as a way of reducing their risk exposure, warns Darren Wray, CEO of Fifth Step, in an exclusive article with Intelligent Insurer.