Cybersecurity skills of com pany direc tors — ASX 100

Cyberattacks on companies cause huge financial loss all over the world due to lack of cyber risk awareness of companies. Understanding cybersecurity risk is crucial for company directors. In this paper, we analyse the cybersecurity skills of the directors listed on the top 100 Australian Securities Exchange (ASX 100) ranked by market capitalisation. By analysing the background and skills set of the non-executive board members of ASX 100 companies, we were able to observe that only 1.8 per cent of non-executive direc tors have cybersecurity knowledge and background. Interestingly, a majority of directors (around 78 per cent) have knowledge in neither technology nor cybersecurity realms. Moreover, only 7 per cent of ASX 100 com panies have at least one director with cyber and technology knowledge and background.