
Are nations ready to be the cybersecurity insurers of last resort?
A senior member of the Cyber Monitoring Center (CMC), an organization formed last year to monitor, define and classify cyber events impacting UK organizations, this week questioned whether a £1.5 billion (about $2 billion) government loan guarantee provided to Jaguar Land Rover (JLR) should have happened in the first place. Speaking at an event hosted by the Royal United Services Institute (RUSI) that reviewed the CMC’s activities in its first year of operation, Ciaran Martin, chair of the CMC’s cyber monitoring technical committee, discussed the loan guarantee announced last year following an attack that has been described as one of the UK’s worst cyber incidents. “I must stress that I’m sp...