The Corporations Act 2001 requires company directors and officers to discharge their duties with care and diligence. In its Cyber Resilience: Health Check, the Australian Securities and Investments Commission (ASIC) has clearly articulated its position on cyber security and directors’ duties, stating:
- it considers board participation important to promoting a strong culture of cyber resilience1
- a failure to meet obligations to identify and manage cyber risks may, if you are a director or officer of a company, result in you being disqualified from your role.2
So where do you start?
Our ‘Six Point Cyber Security Check List’ is intended to provide a high level entry point for company directors and board members to design strategies to meet their legal obligations on cyber security.3
Six Point Cyber Security Check List
Click here to view table.