Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය

Latest topics

» For Miss Sangeetha
by anges Today at 5:03 pm

» Tea prices up and up.Plantation shares down and down!
by fortuneteller Today at 1:16 pm

» coco.x share
by lakmal87 Fri Dec 15, 2017 10:45 pm

» නොමිළේම ඩොලර් (free $ 5 ) tokens
by cseguide Fri Dec 15, 2017 7:58 pm

» S&P upgrades DFCC Bank’s rating outlook from Negative to Stable
by TraderCSE Fri Dec 15, 2017 9:23 am

» CFVF will HIT. 40 BY Next. Thursday
by Yahapalanaya Thu Dec 14, 2017 10:50 pm

» Moody’s affirms ratings of three Sri Lankan banks; maintains negative outlook
by Miss-Sangeetha Thu Dec 14, 2017 8:39 pm

» best stocks to buy now
by Ryan Hudson Wed Dec 13, 2017 9:23 pm

» Current situation of the Adam group of companies
by anges Wed Dec 13, 2017 5:36 pm

» Avoid investing in Abans Group company shares
by fortuneteller Wed Dec 13, 2017 9:11 am

» People's Leasing Company
by prasa2004 Tue Dec 12, 2017 6:51 pm

» SDB - AN IMPRESSIVE PERFORMANCE
by prasa2004 Tue Dec 12, 2017 5:43 pm

» Beware of banking stocks
by prasa2004 Tue Dec 12, 2017 5:40 pm

» CEYLON COLD STORES PLC(CCS.N0000)
by Agape Tue Dec 12, 2017 2:49 pm

» Lanka Cement
by sureshot Tue Dec 12, 2017 11:09 am

» Roshan Egodage's Money Grabbing
by Investor1994 Mon Dec 11, 2017 7:10 pm

» CIFL ANY NEWS
by Gambino7 Mon Dec 11, 2017 12:13 pm

» CFT share එක මොනව හරි දෙයක් වෙනව වාගෙ.
by sameboy Sun Dec 10, 2017 6:43 pm

» BFN .. ORIENT FINANCE PLC
by Teller Fri Dec 08, 2017 10:52 pm

» Sri Lanka Exports up 12.9-pct in Sept
by Teller Fri Dec 08, 2017 10:38 am

» DECEMBER DISCOUNT
by Teller Fri Dec 08, 2017 10:30 am

» LLMP - New Strategic Marketing >>> Boooom
by Teller Fri Dec 08, 2017 10:27 am

» Why LLUB.N0000 going down ?
by Teller Fri Dec 08, 2017 10:20 am

» LDEV rights
by Teller Fri Dec 08, 2017 10:16 am

» SAMP Rights Issue
by niru Thu Dec 07, 2017 8:04 pm

HashFlare

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » Warren Buffett predicts WannaCry

Warren Buffett predicts WannaCry

View previous topic View next topic Go down  Message [Page 1 of 1]

1 Warren Buffett predicts WannaCry on Mon May 15, 2017 9:35 pm

Quibit

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
“I do think that’s the number one problem with mankind,” calling cyber attacks a bigger threat to humanity than nuclear weapons. – Warren Buffett
 
His talent for predicting the stock market has seemed to carry over to the cybersecurity space, given Buffett made this statement at Berkshire Hathaway’s annual shareholder meeting just before last week’s WannaCry devastation.
 
The government appears to be heading Buffett’s warnings.  Last week Trump signed an executive order on cybersecurity, aimed at:



[list="color: rgb(0, 0, 0); font-family: Helvetica, Arial, sans-serif; font-size: 12px;"]
[*]Agencies employing the NIST framework

[*]Holding departmental secretaries and agency directors accountable for security

[*]Promoting a government-wide initiative to modernize IT to include more secure systems

[*]Recognizing the need for transparency around cybersecurity disclosure

[/list]
Additional government indicators:

  • New SEC Chairman, Jay Clayton, has thrown his support behind a Senate bill that would require companies to disclose whether their board of directors has a cybersecurity expert.  

  • There's  a push for every regulatory authority in the financial, energy and healthcare arenas to have a senior leader overseeing and coordinating security policy and execution.  The SEC appointed their own last June when they brought on Christopher Hetner, former cybersecurity chief at E&Y and GE Capital, as senior adviser on cybersecurity.  

  • Trump’s pick for Treasury Department general counsel, Brent McIntosh, co-leads the cybersecurity practice at international law firm, Sullivan & Cromwell LLP.


This is a lot of government activity around cybersecurity.  And rightfully so.  Begs the question, are you doing enough?  Because one-and-done, point-in-time assessments are nowhere near enough. 

View previous topic View next topic Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum