Cybersecurity for Directors | Preparing for the inevitable.
The Australian Government estimates that cybercrime costs Australians anywhere between $1 billion and $17 billion each year. Jason Wilk (Blue Zoo Director) and the Stuart Mort (Director of Cybersecurity – Optus) led an AICD lunch in partnership with Optus in Perth this week for 130+ attendees on the role of directors in building cyber resilient organisations.
Cybersecurity incidents are on the rise and boards and senior executives across all sectors need to be prepared for when–not if–they occur.
The role of the board during a cybersecurity incident is now in the spotlight. Following the passing of the Privacy Amendment (Notifiable Data Breaches) Act 2017 earlier this year, organisations are now required to have appropriate response plans in place and to notify affected individuals and the OAIC of data breaches that are likely to result in serious harm.
To help you prepare for these challenges and added responsibilities, Jason and Stuart shared their insights to a packed room of 100+ attendees, on this emerging threat and on ways the leadership team can prepare for the inevitable.
Stay Tuned for Cybersecurity Insights!
Most directors now accept that cybercrime requires board-level oversight – though some still think of it as a technology risk rather than a whole-of-business risk that integrates also with people, process and culture.
Over the coming months we will be publishing a series of posts related the cybersecurity challenges faced by directors who increasingly find themselves in a position where IT is underpinning a digital transformation or rapidly becoming a key driver of their business.
The first in the series will outline Board Principles for Cybersecurity Governance.
AICD Director Download – Cybersecurity: Exploring the “WannaCry” Ransomware Attack
Get information and expert opinions on topical, current issues facing today’s Director with AICD’s new Director Download Series.
This series of events will deliver contemporary governance related topics through short, sharp and concise evening sessions.
This session will breakdown the recent WannaCry Ransomware attack that affected more than 230,000 computers within the first 24hours and spread to over 150 countries. The session will also look at what comes after the cyber-attack on your organisation. We have all heard about all the increasing cyber risks and threats, but now let’s play the scenario forward and talk it through. As a Board what information should you be getting from your CEO, and what questions should you be asking if you’re not?
Esteemed speakers Jason Wilk, Director, Blue Zoo; Phil Russo, CIA Solutions and Roger Blow, Cove Legal will:
- Dissect WannaCry & its successors (you don’t know about them yet!);
- Dissect why companies where not prepared;
- How do you prepare;
- Questions Directors must now be asking
When: Monday 11th July 5:30-7:00pm
Where: AICD WA Division Office (Perth)