This week, we discuss the state of the market as OneTrust announces a round, one year after they laid off nearly 1000 employees. We also note that we continue to see more and more non-US cybersecurity vendor activity - France and India specifically this week. An IBM report tries to tie security spending to breach costs, but we disagree. We discuss ...
The Securities and Exchange Commission last week proposed new cybersecurity rules for private equity firms that would essentially bring the segment of the financial industry more in line with other areas, including reporting cyber incidents.
The senators praised a number of new proposed cybersecurity rules from the SEC, but called for more, including a requirement for publicly traded companies to disclose to investors whether they have a cybersecurity expert on their board of directors and if not, provide an explanation for why.
Despite rapidly growing support from the U.S. financial community for stablecoin cryptocurrency, a new report from the Federal Reserve Bank raises questions about the potential risks of instituting a central bank digital currency (CBDC).