Directorship Responsibilities Relating to cyber security: Seminar

Directorship Responsibilities Relating to Cyber Security: Seminar

Join us for an informative and engaging seminar on the Directorship Responsibilities Relating to Cyber Security. This event will provide valuable insights into the crucial role that directors play in safeguarding organizations against cyber threats.

During this in-person seminar, industry experts will share their knowledge and experiences, offering practical strategies and best practices for effective cyber security governance. You'll gain a deep understanding of the current cyber landscape, emerging threats, and the legal and regulatory obligations that directors must navigate.

Whether you are a seasoned director or new to the field, this seminar is designed to equip you with the knowledge and tools necessary to fulfill your cyber security responsibilities. Don't miss this opportunity to network with fellow directors and learn from the best in the industry.

Date: Wednesday, February 28, 2024

Time: 15:00 - 17:00 (Australian Eastern Daylight Time)

Location: 66 Clarence Street

Registration: Limited seats available. Reserve your spot now!

Join us for this must-attend event and take a proactive stance in protecting your organization from cyber threats.

Talking Points for Seminar: "Fiduciary Duties of Business Directors in Australian Cybersecurity"

Introduction to Australian Fiduciary Duties:

Directors in Australia owe fiduciary duties derived from common law and the Corporations Act 2001.

Emphasis on understanding the key fiduciary duties related to risk governance and cybersecurity.

Duty to Act in Good Faith and in the Best Interests:

Directors must act honestly and prioritize the company's best interests over personal or shareholder interests.

Explore the implications and applications of this duty in the context of cybersecurity.

Duty to Exercise Care and Diligence:

Directors are expected to exercise a reasonable degree of care, skill, and diligence in their roles.

Discuss the practical aspects, including staying informed, making informed decisions, and seeking professional advice.

Duty to Maintain Confidentiality:

Directors are expected to keep company information confidential, especially sensitive or non-public data.

Highlight the importance of confidentiality in the cybersecurity context and its impact on risk management.

Setting the Cybersecurity Strategy:

Directors actively participate in developing and approving the organization's cybersecurity strategy.

Involves setting clear direction and goals, considering risk tolerance, and adhering to regulatory requirements.

Risk Oversight:

Directors take responsibility for overseeing and managing cybersecurity risks.

Includes identifying and assessing cyber threats and vulnerabilities, understanding potential impacts of incidents.

Resource Allocation:

Directors ensure the organization allocates necessary resources for effective cybersecurity practices.

Involves approving budgets and personnel for cybersecurity investments and initiatives.

Board-Level Reporting:

Directors receive regular reports on the organization's cybersecurity posture, incidents, and risk management.

Stay well-informed about cybersecurity performance and any incidents that have occurred.

Regulatory Compliance:

Directors ensure the organization complies with relevant cybersecurity regulations and standards.

Stay aware of legal requirements, align organizational practices accordingly.

Cybersecurity Policies and Procedures:

Directors ensure the organization establishes and maintains appropriate cybersecurity policies, procedures, and controls.

Regular assessment of the effectiveness of these policies and procedures.

Incident Response Planning:

Directors approve and oversee the organization's incident response plan.

Ensure the organization is well-prepared to respond effectively to cybersecurity incidents such as data breaches or cyberattacks.

Event Venue & Nearby Stays

66 Clarence St, 66 Clarence Street, Sydney, Australia