Tag: cyber resilience

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Privacy Awareness Week (Data Breaches): Study finds majority of Australian businesses are ill-equipped to handle cybersecurity incidents
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The Essential Eight: Strategies for Security for Commonwealth Government Agencies
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Cyber Resilience for Financial Services Entities

Privacy Awareness Week (Data Breaches): Study finds majority of Australian businesses are ill-equipped to handle cybersecurity incidents

By Cameron Abbott, Rob Pulham and Rebecca Gill

It’s Privacy Awareness Week and today’s topic is “data breaches”. With data breaches and responding to cyber attacks becoming an inevitable part of doing business, it’s a timely reminder about the importance of adequately resourcing your IT security areas, and of having comprehensive and well-tested data breach response plans in place, as illustrated by the Fourth Annual Study on The Cyber Resilient Organization (Study), conducted by the Ponemon Institute on behalf of IBM Resilient.

The Study surveyed 3,655 IT and IT security practitioners in 11 countries and regions, including Australia. The results of the Study indicate that a majority of Australian businesses are vulnerable to cyber-attacks due to a lack of skilled personnel and incident response plans.

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The Essential Eight: Strategies for Security for Commonwealth Government Agencies

By Cameron Abbott, Keely O’Dowd and Olivia Coburn

The Federal Parliament’s Joint Committee of Public Accounts and Audit, tasked with inquiring into the cyber resilience of certain Commonwealth entities has recommended that all such entities adopt a cyber security mitigation strategy called the Essential Eight.  The Committee made this recommendation in its Report 467: Cybersecurity Compliance Inquiry based on Auditor-General’s report 42 (2016-17) (Report). Tarantino’s Hateful Eight is perhaps a little more convoluted than these simple touchstones of good practice. The Essential Eight are good reading for all enterprises, not just government agencies.

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Cyber Resilience for Financial Services Entities

by Jim Bulling and Julia Baldi

ASIC Report 429
In March this year, the Australian Securities and Investments Commission (ASIC), issued Report 429 Cyber resilience: Health check (REP 429). The report aims to highlight the importance of cyber resilience for entities regulated by ASIC, including Australian Financial Services Licence holders, Australian Credit Licence holders and listed entities. The Report indicates that ASIC is keen to ensure that Australia keeps pace with developments in Europe and the United States in combatting cybersecurity risks.

Click here to read the full article.

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