Thomas Murray

Whether you're heading off on a city break or getting ready to hit the beach, threat actors are waiting for your cyber defences to relax over the holidays too. Kevin Groves sets out what organisations can do to ensure that threat actors don't get to take advantage of a well-earned rest.  #cyberseries #cyberrisk

The major incident on Friday, 19 July highlighted the high levels of concentration risk emerging from our technology landscape. Edward Starkie looks at what organisations and regulators can learn from it, and amidst all the chaos finds cause for optimism in the swift response of the tech community. #CyberSecurity #NIS2 #DORA #BusinessContinuity #TechUpdate #CrowdStrike #Microsoft  

Earlier this week the Malta Chamber of SMEs in collaboration with AML/CFT Compliance Solutions by Diligex and Thomas Murray organised a webinar on Cyber risks for Maltese Businesses and provided an exclusive intelligence insights on cyber threats in Malta. Should you wish to receive the webinar recording kindly contact us on [email protected]

𝐌𝐢𝐜𝐫𝐨𝐬𝐨𝐟𝐭 𝐨𝐮𝐭𝐚𝐠𝐞 – 𝐔𝐩𝐝𝐚𝐭𝐞 𝐂𝐮𝐫𝐫𝐞𝐧𝐭 𝐬𝐭𝐚𝐭𝐮𝐬: - Several services are experiencing partial disruptions. - Investigations are ongoing, and Microsoft is actively working to resolve the issues. 𝐏𝐫𝐞𝐥𝐢𝐦𝐢𝐧𝐚𝐫𝐲 𝐫𝐨𝐨𝐭 𝐜𝐚𝐮𝐬𝐞: Configuration change in a portion of Microsoft's Azure backend workloads caused an interruption between "storage and compute" resources. This resulted in connectivity failures affecting downstream Microsoft 365 services. 𝐑𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝𝐚𝐭𝐢𝐨𝐧𝐬: - Monitor Microsoft's status page for updates: https://lnkd.in/eENtPTuX - Assess the impact on your operations and inform other stakeholders as needed. - Continuously monitor for related issues. - Prepare contingency plans if the disruptions affect critical workflows. If you wish to discuss this issue with our experts, email [email protected] or call: 44 (0) 208057 7098 #MicrosoftOutage #CrowdStrike #SoftwareUpdate #MicrosoftUpdate #ITOutage

Correspondent banking, whether traditional or digital, plays a vital role in the international financial system. However, it also involves significant risks – mainly because of the potential for correspondent banking services to be used for money laundering or financing illegal activities. Regulatory pressure and industry best practices are increasingly focused on enhancing the ongoing monitoring of these relationships. Read more: https://lnkd.in/gpS9f7JK #cashcorrespondentbanking

Most private equity firms now recognise cybersecurity as a critical investment risk. Our latest whitepaper serves as an essential guide for companies aiming to manage their cyber risks effectively. It discusses the threats to private equity firms, compliance regulations, and key steps to build security and resilience in 2024. Request your copy here: https://lnkd.in/dzRrmdgK #privateequity #cybersecurity #cyberrisk

The Digital Operational Resilience Act (DORA) takes full effect in less than six months, so it’s time to look at the compliance roadmap and get your bearings. Edward Starkie and Shreeji Doshi set out the technical standards that are now approved and ready for the January 2025 deadline, what will be in the second tranche (which closed for submissions today), and what to keep an eye on. #DORA #DORA2025 #DORADigest  

Meet our Risk and Control team, which plays a crucial role in ensuring the company operates smoothly within regulatory and risk management frameworks. Its responsibilities span from developing and maintaining the company’s enterprise risk management frameworks to ensuring compliance with international standards and regulations. The team also works closely with the product champions to ensure our risk methodologies are up to date, incorporate international standards, and are in line with regulatory requirements. The Chief Risk Officer chairs our Risk Committee, where all covered banks, financial market infrastructures (FMIs), including global custodians, subcustodians, and cash correspondents, fund platforms, prime brokers and overall capital market infrastructures are assessed and rated. #RiskandControl

Legal action tends to follow in the wake of a cyber incident, but preparing for lawsuits is an aspect of cyber defence that many organisations neglect. Martin Nikel, Director of eDiscovery and Litigation Support, always highlights the importance of timely data preservation to clients. In this week's Cyber Series, Martin explains why it's essential to preserve data, including communications before, during, and post-breach, as soon as litigation becomes a possibility.     #eDiscovery #CyberSecurity #LitigationSupport #DigitalForensics

In an era where cyber threats are ubiquitous and increasingly sophisticated, having a robust cyber incident response plan (CIRP) is indispensable for any organisation. However, the process of developing this plan is as critical as the finished document itself.    Join our guides Alistair Purdy and James T. as they explain how this journey to creating a CIRP, whether on your own or with expert support, fosters a deeper understanding of your organisation, strengthens its defences, and ensures a state of preparedness that a pre-packaged plan simply cannot provide. #cyberseries #incidentresponse