ASIC issues cyber resilience assessment report

Key Points:

A new ASIC report places the overall responsibility for cyber resilience firmly on the board of directors.

Australia's major financial market infrastructure providers have "sufficient resources" for managing cyber resilience, according to ASIC's new report, "Cyber resilience assessment report: ASX Group and Chi-X Australia Pty Ltd". While that is good news for those organisations, of broader interest is the emphasis that ASIC places on the responsibility for cyber resilience as an issue for an organisation's board of directors.

What is the report's purpose?

The purpose of the report is to:

• assess the extent to which the ASX Group and Chi-X have the resources to manage properly their cyber resilience;