Risk Management

New Twist For Vesttoo Fake Collateral Scandal

White Rock Insurance Ltd. has partnered with the Bermuda Monetary Authority to pursue recovery for those hit by the alleged […]

Time For a Post-Quantum Risk Analysis

Three federal agencies just combined resources to issue a fact sheet about the impact of “potentially adversarial, cryptanalytically relevant quantum […]

Invalid Letters of Credit Traced To Chinese Investors

After discovering fake letters of credit had been used on its platform, Israel-based Vesttoo Ltd. is in discussions with potential […]

Global Businesses “Decouple” In China to Manage Risk

Big Silicon Valley venture capital firm Sequoia has announced that it will separate into three entities that collectively will cover […]

Will Governments Step In When Cyber-Insurance Isn’t Available?

Premiums for cyber insurance rose almost 50 percent in 2022, but they aren’t keeping up with the cost of attacks. […]

Uniform Trade Practices Act and Insurers

A bill working its way through the Michigan Legislature creates a bad faith cause of action against insurers for not […]

Siemens Energy and British Airways Victims of Monster Data Breach

The Social Security numbers, birth dates, driver’s license numbers, health insurance claims, medical history notes, prescription information and other PII […]

Rightsizing the Risk Function

According to a McKinsey report, chief risk officers in the financial industry are being asked to concentrate more on efficiency […]

Takeaways From the SEC’s Cybersecurity Risk Management Report

The SEC finalized its disclosure rules for cybersecurity risk management, strategy, governance, and incidents on July 26th. A proposed requirement […]