CYB-02 · Cyber security
Board cyber accountability — governing body personally accountable for cyber risk oversight
The board or governing body must have explicit, documented accountability for cyber risk. This includes a designated board-level cyber risk owner, cyber items on board agenda at least quarterly, and evidence that the board understands and challenges the organisation's cyber risk exposure.
Trigger
When this rule fires
No designated board-level cyber risk owner, or no cyber agenda items in board packs for the last 2 quarters, or board members have not received cyber awareness briefing
Applicability gate
Confirm the entity's role before treating this as a duty
This is a readiness rule mapped to JS2 themes. Its presence in the library does not establish that JS2 applies directly to the firm.
- Insurance Broker: Most independent non-life Category I brokers are not directly in JS2's defined scope. A broker may be directly in scope if it separately meets a listed category, and may face contract or oversight requirements from an in-scope institution. Third-party provisions impose duties on the in-scope financial institution. They do not themselves make every supplier or intermediary directly subject to JS2.
- Uma Binder Holder: UMA or binder-holder status is not itself listed in JS2's definition. Direct scope depends on another listed capacity; insurer contracts and oversight may create evidence requirements. JS2 paragraph 3.3 concerns juristic persons structured under an insurer or designated insurance group; it is not a blanket rule for every independent UMA or intermediary.
- Insurer: An insurer as defined in the Insurance Act is directly in scope of JS2 from 1 June 2025. Apply proportionality and distinguish the insurer's own duty from requirements it places on third parties.
Citation
Mapped source
This control maps to the public instruments below. The mapping does not establish entity applicability.
- Section
- Joint Standard 2 of 2024 — paragraphs 4.1 and 4.2.1 (roles and responsibilities) / King V Principle 12
- Legislation
-
- Joint Standard 2 of 2024
- King V 2025
- FSRA s.9
Remediation
How to close the gap
Designate a board cyber risk owner (non-exec or dedicated role). Add cyber MI to standing board agenda. Schedule an annual board cyber awareness briefing.
Evidence required
Evidence to prepare if this control applies
- Board committee terms of reference including cyber mandate
- Board meeting minutes evidencing cyber agenda item (last 4 quarters)
- Cyber risk owner appointment record
- Board cyber briefing attendance register