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Spare a thought for entities covered by the Australian Prudential Regulator, following the announcement by the SEC to regulate cyber.
The APRA will expect boards of covered entities to oversight cybersecurity.
1. APRA says boards are ultimately accountable for operational risk, such as cyber attacks.
2. This means having a plan for continuity of service is systems are compromised.
3.Banks, insurers and super funds now have until July 2025 to be ready.
Ted Dziekanowski Rachel V. Rose, JD, MBA Stephen Pitt-Walker, JD, FGIA
#cybersecurity #cyberriskmanagement #cyberregulation
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