Systems at fictional private utility company Vulnerable Electric remain impacted in the aftermath of a ransomware attack, but the chief executive decides it’s time to be forthright with employees and customers.
Internal Controls
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The Dangerous Intersection Between OFAC and Ransomware
Read CSI’s The Dangerous Intersection Between OFAC and Ransomware white paper to understand how OFAC violations and ransomware present an amalgamated threat to all U.S. businesses, and how to address this threat in order to limit its potential for grave financial harm.
Posted inBoards & Shareholders
Chapter 1, Part 1: Betsy’s human error triggers ransomware crisis
When one of fictional private utility company Vulnerable Electric’s most dedicated employees falls victim to a social engineering hack, her actions in the immediate aftermath are crucial to what will soon become a crisis for the C-suite.
Posted inBoards & Shareholders
Chapter 1, Part 2: All hands on deck in C-suite ransomware response
Following the events that triggered a double extortion ransomware attack, the CEO of fictional private utility company Vulnerable Electric mobilizes her cyber incident response team to begin assessing the path forward to dealing with the cybercriminal(s).
Posted inBoards & Shareholders
CW case study offers 360-degree view of ransomware attack
Learn through the eyes of the C-suite at Vulnerable Electric, a fictional private utility company impacted by a significant ransomware attack, as part of Compliance Week’s third case study.
Posted inAccounting & Auditing
ESG reporting: A summary of preparers’ perspectives
Preparers speaking at a pair of recent high-profile accounting and auditing conferences discuss current practices and the challenges their controllership teams face in ESG reporting and governance.
Posted inInternal Controls
Gensler says SEC to consider new rules for cybersecurity, data privacy disclosures
The Securities and Exchange Commission is kicking the tires on new cybersecurity and data privacy disclosure requirements for investment companies, investment advisers, broker-dealers, and public companies, according to agency Chair Gary Gensler.
Posted inInternal Controls
Credit Suisse unit fined $9M for conflict of interest, recordkeeping lapses
Credit Suisse Securities agreed to pay a $9 million fine levied by FINRA for failing to comply with securities laws and rules involving potential conflicts of interest and the safeguarding of customer securities.
Posted inEthics & Culture
Without OSHA vaccine policy, companies at risk of undercutting corporate culture
The Supreme Court’s decision to block President Joe Biden’s Covid-19 vaccine-or-test policy for large businesses leaves a patchwork quilt of state, local, and city requirements that companies will have to follow as best they can, according to experts.
Posted inInternal Controls
Sojitz Hong Kong subsidiary fined $5.2M for violating Iran sanctions
Sojitz HK agreed to pay approximately $5.2 million for violations of U.S. sanctions against Iran that occurred when rogue employees deliberately misled company executives and compliance regarding the true origin of goods worth more than $75 million.
