News & Insights

Implications of cyber breaches for company boards of directors

Published 01 April 2021

Our Top Cyber Risks for the Board of Directors webinar, presented by Robyn Adcock, Cyber and Tech Practice Leader, Michael Herron, National Head, Professional and Financial Risk, with Clyde & Co partner John Moran and Huntsman CEO Peter Woollacott, examines the risks and consequences of cyber breaches for business’s executive management.

The costs of sustaining and responding to a cyber incident depend on the industry targeted, with healthcare, energy, finance, pharmaceutical and technology companies heading the list, but the global average is close to $4 million.


Equip yourself and your company with actionable insights

This informative webinar comprehensively covers the factors increasing cyber risk for Australian business and how boards of directors should respond to meet and mitigate their own and their companies’ exposures. The range of topics covered include: 


Vulnerabilities for the Board of Directors

  • Regulatory risks
  • Litigation risks
  • Relevant cyber risks
  • Response to ransom demands

Rising cyber security threats

  • How data breaches occur: externally/internally
  • Australian cyber incidents snapshot
  • Cyber claims by industry and costs
  • Ransomware statistics
  • Supply chain/vendor risk: attack surface and pain points
  • Business email compromise: social engineering and the remote workforce

Best practice risk management techniques

  • Advisable actions and planning
  • Framework essentials
  • Measure to manage
  • Mitigation

Insurance solutions

  • D&O and cyber insurance
  • Silent cyber
  • Risk transfer
  • Market conditions

Register to view the webinar

Other resources

Webinar | Cyber risk and the remote workforce
Webinar | Creating a data breach incident response plan
Webinar | Cyber attack simulation: our data is held hostage - now what?
Article | Beware of malware bypassing or tricking your business anti-virus software
Article | Cyber resilience for survival of full scale attacks against Australian businesses

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