We're sorry but your browser is not supported by Marsh.com.au

For the best experience, please upgrade to a supported browser:


Cyber Risk Masterclass Series

Cyber Security Stakeholders: Who is responsible for Cyber Risk?


As organisations continue to become more reliant on technology, opportunity for cyber risk is constantly evolving, often becoming more sophisticated and complex. Not to mention, motivations for cyber attacks are wide ranging, and threat actors are varied, ultimately challenging the ability to plan defensive strategies against these threats.

This then raises an important question – who are the stakeholders responsible for cyber security? With the complexity and notability of many cybersecurity threats plaguing our organisations, many believe that cyber risks are no longer solely a concern for IT security professions, but responsibility also lies at the board level.

In fact, within Australia, director’s duties are stipulated in the Corporations Act 2001 whereby it states four main duties and responsibilities. These to act with care and diligence and good faith, and to not improperly use their position or company information for personal gain. With this in mind, as the threats from cyber security risk grows, a significant challenge is facing company boards, placing an increasing pressure to be held accountable to protect information assets and business operation from cyber security failures.

In our second instalment of our Cyber Risk Masterclass, titled ‘Addressing the governance challenge around Cyber Security’ we explore this notion in detail, by examining:

  • Board Responsibility and Governance
  • Class Action Environment
  • Government; and
  • Insurance Market Cyber Solutions

Various experts within the professional and cyber security space lead this insightful panel discussion, including:

  • Kristine Salgado, Managing Principal, Cyber, Pacific, Marsh
  • Craig Claughton, Managing Director and Head of Financial and Professional Services, Pacific - Marsh
  • Lisa Fitzgerald, Partner, Lander and Rodgers
  • Alistair MacGibbon, Chief Strategy Office – Cyber CX

To learn more about stakeholders in cyber security and how boards can govern cyber security risk, watch the informative replay below. For additional information, please contact Marsh’s leading cyber security consulting team, here. 

The information contained in this webinar is based on sources we believe reliable, but we do not guarantee its accuracy. This information provides only a general overview of subjects covered, is not intended to be taken as advice regarding any individual situation or as legal, tax, or accounting advice and should not be relied upon as such. Recipients of this webinar should consult their own insurance, legal, and other advisors regarding specific coverage and other issues.

Copyright 2020 Marsh Pty Ltd

All rights reserved.

Marsh Pty Ltd (ABN 86 004 651 512, AFSL 238983) (“Marsh”) arrange this insurance and is not the insurer. The Discretionary Trust Arrangement is issued by the Trustee, JLT Group Services Pty Ltd (ABN 26 004 485 214, AFSL 417964) (“JGS”). JGS is part of the Marsh group of companies. Any advice in relation to the Discretionary Trust Arrangement is provided by JLT Risk Solutions Pty Ltd (ABN 69 009 098 864, AFSL 226827) which is a related entity of Marsh. The cover provided by the Discretionary Trust Arrangement is subject to the Trustee’s discretion and/or the relevant policy terms, conditions and exclusions. This website contains general information, does not take into account your individual objectives, financial situation or needs and may not suit your personal circumstances. For full details of the terms, conditions and limitations of the covers and before making any decision about whether to acquire a product, refer to the specific policy wordings and/or Product Disclosure Statements available from JLT Risk Solutions on request. Full information can be found in the JLT Risk Solutions Financial Services Guide.