Australia’s military cyber spy agency, the Australian Signals Directorate (ASD), could soon be receiving radical new espionage powers to monitor Australian citizens for the first time. If approved, the ASD may be able to secretly access the digital information of Australians including emails, health data, bank records, and text messages.
China Introduces new Cybersecurity Laws
China introduced new cybersecurity laws, which require both local and foreign banks and financial institutions with Chinese clients (including Australian financial institutions) to use IT equipment deemed “secure and controllable” by Beijing. The breadth of the laws has upset foreign financial institutions given the potential cost of compliance if foreign entities must implement IT equipment systems in accordance with Chinese directives.
See the Financial Times report here.