Building Cyber Risk Resilience Through Good Governance

Friday 14 October 2022

7:30am – 9:00am

Speaker Bio

Lyle Steffensen brings nearly 25 years of experience in insurance and risk management advisory sectors to her dual role as national leader and practices leader Pacific of Marsh’s Care Solutions practice, which specialises in worship, education and care clients. She joined Marsh in 2018 as technical insurance consultant for liability, after working at Honan Insurance Group for nearly five years, most recently as an account director servicing corporate and global corporate insureds. This experienced insurance consultant, broker, and adviser also previously worked at OAMPS Insurance Brokers, ComCover, and Risk Advisory Services. Steffensen has been recently recognised in the Insurance Business Hot List 2020 and Elite Women 2020, for her crucial role in helping define the industry of the future. She earned a Bachelor of Commerce degree from the University of Western Australia, and finished the Company Directors Course at the Australian Institute of Company Directors. She is also a fellow of the Australian and New Zealand Insurance Institute.

Abstract 

Cyber risk is taking increasing prominence in boardroom agendas and governance discussions. Indeed, the failure of cybersecurity measures was rated the top risk by Australian business leaders surveyed in the World Economic Forum’s latest Executive Opinion Survey.

In the health and aged care sectors, which report one of the highest incidence of costly cyber and ransomware attacks, it’s a case of not if, but when in terms of the next breach.

This, combined with recent regulatory changes and increased scrutiny of cyber security measures make it ever more critical for aged care providers to understand and manage their cyber exposure.

In this engaging and informative session moderated by Marsh Care Solutions practice leader Lyle Steffensen, cyber risk and insurance experts will discuss:

• The evolving cyber risk environment and what aged and health care providers should be prepared for
• The basic fundamentals of building a robust cyber foundation
• What good looks like when it comes to responding to cyber incidents
• An overview of recent changes within the cyber insurance market
• The new minimum standards of cyber risk controls required to buy cyber insurance and how to make these work for your organisation
• Learnings from recent claims
• Where cyber fits in good governance