Let our simplicity solve your complexity!

“Cyber attacks are now the foremost risk to the global financial system, even more so than the lending and liquidity risks that led to the 2008 financial crisis, according to Federal Reserve Chairman Jerome Powell.” (CNN interview 2021)

Global organizations are facing growing cyber threats estimated to cost US $10 – 14 trillion in 2027. (Statista, 2024)

The Boards Fiduciary Responsibility

Board members have the ultimate responsibility to demonstrate that they are monitoring for their organization’s cyber security and AI  posture. Fiduciary duties include oversight, risk mitigation, and regulatory compliance. Personal liability is a potential consequence of negligence in cybersecurity governance.

 

The Problem Traditional cybersecurity governance is reactive and disconnected from business outcomes. Organizations rely on static compliance checklists that fail to predict emerging threats or quantify the actual financial impact of potential breaches. This creates a dangerous “blind spot” where boards make multi-million dollar risk decisions based on outdated data, often only realizing their exposure after a catastrophic event like NotPetya has already caused irreversible damage.

The Solution VeriDuty (patent application approved – awaiting documentation) transforms cyber governance into a predictive, financial decision-support engine. Its a layer above the GRC.

VeriDuty provides continuous, evidence-based assessment of whether directors and executives received appropriate information, exercised informed judgment, assigned accountability, addressed material deficiencies and monitored the results.

VeriDuty supports the ICT-to-enterprise-risk integration described in NIST SP 800-221r1, giving the board continuous, evidenced confidence in the governance behind each reported risk.

VeriDuty is the assurance layer over the ICT-to-ERM pipeline that 800-221r1 describes

Our solution: VeriDuty Fiduciary Compliance Management System

What Might Have Changed Had VeriDuty been present

Using counterfactual analysis (what if VeriDuty was in place?) we ran tests using actual data taken from the Maersk 2017 Supply Chain Cyber Breach. The attack shut down global operations, halted shipping, closed ports, and forced a full rebuild of IT systems.

The malware entered through a Ukrainian accounting software update. Although it looked like ransomware, it was a destructive wiper—data could not be recovered.

DowntimeFaster patching and network segmentation could have contained the ransomware to a smaller subset of systems, cutting the global outage from days to hours (or possibly avoiding it altogether). 
Financial LossThe $ 300 M+ estimated loss could have been reduced dramatically—perhaps to a few tens of millions—by avoiding the need for massive system rebuilds and lost freight revenue. 
Reputational DamagDemonstrating a proactive, board level governance process would have softened stakeholder criticism and shown regulators that Maersk exercised due diligence. 
Insurance & Legal Exposure Auditable evidence of risk aware governance would likely improve claim outcomes with cyber insurers and reduce litigation risk. 

 Board Risk Monitoring and Planning Responsibilities No Longer Optional; It Is A Core Fiduciary Duty.