Debates between David Chadwick and Allison Gardner during the 2024 Parliament

Cyber Security and Resilience (Network and Information Systems) Bill (Second sitting)

Debate between David Chadwick and Allison Gardner
David Chadwick Portrait David Chadwick
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Q Thank you for joining us. Reporting of several recent cyber-attacks has one thing in common: there were often insufficient security measures in place. British Airways in 2018 is just one example. Reportedly, the average tenure of a chief information security officer is 18 months. From your perspective, what do CISOs need from the Bill to help strengthen their hand when they are saying to a board, “This is what I need to do to keep our organisation secure”?

Richard Starnes: On what you say about the 18-month tenure, one of the problems is stress. A lot of CISOs are burning out and moving to companies that they consider to have boards that are more receptive to what they do for a living. Some companies get it. Some companies support the CISOs, and maybe have them reporting to a parallel to the CIO, or chief information officer. A big discussion among CISOs is that having a CISO reporting to a CIO is a conflict of interest. A CISO is essentially a governance position, so you wind up having to govern your boss, which I would submit is a bit of a challenge.

How do we help CISOs? First, with stringent application of regulatory instruments. We should also look at or discuss the idea of having C-level or board-level executives specifically liable for not doing proper risk governance of cyber-security—that is something that I think needs to be discussed. Section 172 of the Companies Act 2006 states that you must act in the best interests of your company. In this day and age, I would submit that not addressing cyber-risk is a direct attack on your bottom line.

Allison Gardner Portrait Dr Gardner
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Q You have answered the question I was about to ask. I may ask an addendum to that, but first I want to clarify something. If you put liability on an individual board member, that is going to cause problems. Do you think that there should be a statutory responsibility for the company to have a board member responsible for cyber-risk, and that the responsibility and accountability should sit at company level?

Richard Starnes: I think this should flow from the board to the C-level executives. Most boards have a risk committee of some sort, and I think the chair of the risk committee would be a natural place for that responsibility to sit, but there has to be somebody who is ultimately responsible. If the board does not take it seriously, the C-levels will not, and if the C-levels will not, the rest of the company will not.