CrowdStrike’s recent outage sure got the tech world talking about the risks associated with a global supply chain cyberattack. And to be clear, the CrowdStrike outage was not a cyberattack, but the feds may not view it that way. However, there is already talk afoot about whether the Federal Government may decide to regulate tech to prevent future global events like this one.
Click ‘read more’ below for BW Cyber Founder, Michael Brice’s view on this risk, and the bigger picture in terms of government intervention.
In June, auto industry tech firm CDK Global was the victim of a cyberattack resulting in a major disruption to over 15,000 car dealership in the US and resulting in over $1b in losses; media reports claim the company paid a $25 million ransom in Bitcoin as a result to get their operations back on track.
Click ‘read more’ below for BW Cyber’s view on the lessons that asset and wealth managers should learn from this unfortunate incident.
A New York federal court has now dismissed most of the claims brought by the SEC against Solar Winds and its Chief Information Security Officer (CISO), Timothy Brown. This is the latest setback for the SEC, which has lost a couple of other cases related to the private funds industry recently.
This case, however, highlights our continued concerns about the potential for continued supply chain attacks that may affect the asset and wealth management industry. Click ‘read more’ below for our view, and why you should remain vigilant and proactive.
