Feds Give Banks 36-hour Deadline for Reporting “Material” Cyber Incidents 

Our prediction is plenty of wrangling on the definition of “materiality.” “The new requirement applies to any cybersecurity incidents that are expected to materially impact a bank’s ability to provide services, conduct its operations or undermine the stability of the financial sector. The rule was approved by the Federal Reserve, Federal Deposit Insurance Corporation and … Read more

Cyber Insurance Goes to College 

Universities may have weaker security controls than companies of the same size but offer troves of student and research info…”Katherine Mayer, associate vice president for information security at the University of Wisconsin, emphasizes, ‘The nature of higher education demands a collaborative, teaching, learning and research environment routinely based on an open, shared technology. This demand … Read more

London’s Emergin Risk Hires George Paraskeva As Cyber Practice Leader 

“Paraskeva has experience in both cyber insurance and the wider cybersecurity industry, having held senior positions in the insurance market since 2014. Paraskeva previously worked for BAEW Systems’ cybersecurity practice.” Firm also announces promotion, agreement of new binder Source: Emergin Risk taps cyber veteran as practice leader | Insurance Business UK

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