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The federal court judgment in ASIC v RI Advice (RI Advice) marks the first time an Australian court has found an Australian Financial Services Licensee (AFSL) breached its financial licence obligations, for failing to have adequate cybersecurity and cyber-resilience risk management. The judgment marks the elevation of cybersecurity from a technical domain to a board and senior executive risk management issue.
Join our experts Anna Gamvros and Ross Phillipson, as we examine the judgment and explore the implications for directors and executives when it comes to appropriate cybersecurity and cyber-resilience risk management, whether a financial services licensee or not.
Key Takeaways:
- Understand the context and decision in RI Advice.
- Understand the implications of RI Advice on directors’ duties and obligations.
- Practical steps to take now and consider in the future.
CPD information
This session is valid for 0.5 CPD unit. Please ensure this meets the requirements within your jurisdiction. To find out more, visit our CLE Library.
This webinar was recorded on 16 June 2022.
Recommended CPD category:
- Substantive law (NSW/Vic/WA/Qld) | Core Area 4 - Substantive law and procedural law (ACT)]
Disclaimer:
You must check the professional requirements applicable in your own jurisdiction to ensure that the webinar content and activity format is eligible for CPD units in a given CPD year. Please refer to guidance here. The contents of this webinar may not be current as at the date of accessing this webinar. Our webinars are intended to provide general information and do not constitute legal advice.
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Speakers
Anna Gamvros | Partner, Asia Pacific Head of Information Governance, Privacy and Cybersecurity, Hong Kong and Brisbane
Ross Phillipson | Senior Advisor, Perth
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