Prior research in the e-learning area has appeared with a focus on its adoption aspects. Limited research has been carried out solely on the interplay between e-learning and security and privacy. Considering the wide acceptance of e-learning, and a plethora of cybersecurity breach incidents, it is surprising that the two topics have not been discussed together. An effective e-learning environment depends on stakeholders who understand the importance of security and behave responsibly within it. In this paper, we present a conceptual model that looks at some of the information security and privacy factors related to e-learning.