In the aftermath of several high-profile cyber attacks targeting key entities like Optus and Medibank, Australia is doubling down on its efforts to bolster cybersecurity across the nation. The Australian government has unveiled a comprehensive plan to overhaul cybersecurity laws and regulations, aiming to strengthen the country’s resilience against evolving cyber threats.
A recent consultation paper released by government officials outlines a series of proposed reforms designed to position Australia as a global leader in cybersecurity by 2030. These proposals include amendments to existing cybercrime laws and revisions to the Security of Critical Infrastructure (SOCI) Act 2018, with a focus on enhancing threat prevention, information sharing, and cyber incident response capabilities.
The vulnerabilities exposed during the cyberattacks, attributed to basic errors and inadequate cyber hygiene, have highlighted the urgent need for improved cybersecurity practices. As part of the government’s strategy, collaboration with the private sector is emphasised to foster a new era of public-private partnership in enhancing Australia’s cybersecurity and resilience.
Key reforms proposed in the consultation paper include mandating secure-by-design standards for Internet of Things (IoT) devices, instituting a ransomware reporting requirement, and establishing a national Cyber Incident Review Board. Additionally, revisions to the SOCI Act 2018 aim to provide clearer guidance for critical industries and streamline information-sharing mechanisms to facilitate
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