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Navigating Executive Liability


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Jonathan Armstrong of Cordery, Andrew Robson of Bentley and Quentyn Taylor of Canon analyze TSB CIO case and implications for security leaders' liability.

Former TSB Bank CIO Carlos Abarca was fined £81,620 for operational resilience failings in 2018, as per the Prudential Regulation Authority (PRA) investigation.

Abarca’s breach of Senior Manager Conduct Rule 2 was due to inadequate measures in ensuring compliance with PRA Outsourcing Rules during a data migration process, resulting in significant disruptions to TSB’s banking services and impacting a large portion of its 5.2 million customers.

These recent cases, including that of Joe Sullivan, former CSO at Uber, have once again brought to the forefront the heightened vulnerability of CISOs and CIOs to executive liability, where decision-makers assume personal responsibility for their professional actions.

In this insightful session, the panelists will discuss how these outcomes can influence the responsibilities and expectations of security leaders and take a deep dive into:

  • What the Joe Sullivan verdict portends for the security profession globally
  • What the case tells us about personal liability under GDPR
  • Practical steps security leaders should take today to guard against their own liability

Here is the course outline:

Navigating Executive Liability: Lessons From TSB CIO Carlos Abarca's Case