The Expert Podcast

So these two stories seem like they're head-to-head competition, like there's some kind of conflict waiting to happen, like they're playing chicken. So this one is from dark reading; it says increased cyber regulation is in the offing, meaning that there's more laws coming for cyber security, and there's going to be regulation in light of escalating attacks.

There was a law that came out many years ago called SAR Brains Oxley. This was a law that required companies to have certain disclosures and certain financial protections in place when the crash happened in 2008. Well, now they're looking at coming up with a new law about cyber security similar to Sarban Oxley for companies that have to put in place certain cyber security, cyber risk protection, cyber insurance, and coverages for cyber risk because of escalating attacks, so the government is thinking that cyber security is a risk and they need more rules.

What are companies thinking? companies think that they're going to reduce cyber security headcounts by 50%, so on the one hand, the market, the risk environment, and the government are saying you need to ramp up. On the other hand, companies are saying we're going to ramp down now. This may mean that they're going to reduce their headcounts and outsource them, or maybe by insurance, but it says right here that organizations are realizing the need for knowledgeable teams but are also looking to reduce security headcounts and infrastructure spending.

So if you're a business small or large, take a look at your profile. Certainly, you don't want to spend more money than you need to, but look at what are the most efficient ways of having cyber security. Maybe it's an outsource monitoring policy, maybe it's a cyber insurance policy that has monitoring, maybe it's a U Response Team. Either way, you probably don't want to rely on in-house cyber security because there's too many moving parts that change everything every single week. On the other hand, you want to make sure that you're paying attention to the marketplace and the risk vectors to reduce the probability that a cyber event is going to be a deal breaker cyber security because there's too many moving parts that change everything every single week. On the other hand, you want to make sure that you're paying attention to the marketplace and the risk vectors to reduce the probability that a cyber event is going to be a deal breaker for your company.