Preparing for the New Era of Cyber Risk

AI is reshaping the cyber threat landscape, enabling cyber attacks to be launched at unprecedented speed and scale. Regulators are issuing urgent warnings, and boards are being told to strengthen resilience before vulnerabilities are exploited. Yet many organisations still don't fully understand their cyber risk exposure, or whether their systems, suppliers and governance processes are prepared for a major incident. Joining us to discuss the current cyber threat landscape is Rachael Falk. Rachael is one of Australia's leading experts on cybersecurity and regulation.  She's a Partner in the Risk Advisory practice at Ashurst and former CEO of the Cyber Security Cooperative Research Centre. Rachael is also the co-author of the AICD's Cybersecurity Governance Principles.  This conversation explores what boards should be doing right now to strengthen resilience, and why vigilance, preparedness and effective governance matter more than ever.  We cover:   (01:30) Key threats facing organisations right now   (03:00) The impact of AI on the cyber threat landscape   (09:30) The growing risks hidden within supply chains and third-party vendors   (15:30) Why boards need to run cyber crisis simulations   (21:00) What boards shouldn't do during a cyber incident   (24:40) The role of the board during a crisis   Learn more:   The AICD resource on Cyber Security Governance Principles – https://www.aicd.com.au/risk-management/framework/cyber-security/cyber-security-governance-principles.html  The AICD resource on Governing Through a Cyber Crisis - https://www.aicd.com.au/content/dam/aicd/pdf/news-media/research/2024/governing-through-a-cyber-crisis-280324.pdf  The work & services provided by Ashurst - https://www.ashurst.com/ Connect:   Rachael Falk on LinkedIn - https://www.linkedin.com/in/rachael-falk-779069153/  AICD on LinkedIn - https://www.linkedin.com/school/australianinstituteofcompanydirectors/  Kulja Coulston on LinkedIn - https://www.linkedin.com/in/kulja-coulston/  Bennett Mason on LinkedIn - https://www.linkedin.com/in/bennett-mason-10517336/  This episode Director Download was produced on Gadigal land. We recognise First Nations peoples' cultural and spiritual relationships to the Skies, Land, Waters, and Seas, and their rich contribution to society.