The study seeks to establish the effects of cybersecurity on the IFRS 17 standard. To this end, Questionnaire was prepared and administered to a sample of accounting academics and cybersecurity experts A total of one hundred questionnaires were distributed and ninety valid questionnaires were received for analysis. The research provided a number of outcomes and suggestions, the main of which might be mentioned thus: Cybersecurity is a crucial tool with regard to the implementation of IFRS 17 from the perspective of recognition, measurement and disclosure of insurance contracts; There is a necessity to protect and secure data and to decrease the possible risks associated with cyber threats, this paper argued that there is a need to enhance cybersecurity measures for data and to develop strong cybersecurity measures to.