From earlier this year, Australia moves to implement its next round of cyber legislation.

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From earlier this year, Australia moves to implement its next round of cyber legislation. The enclosed article outlines some of the costs associated with the implementation and on going management of the associated risk management programs.

‘Home Affairs Secretary Mike Pezzullo previously said the costs for running the risk management program, on average, would set entities back a one-off AU$9.7 million payment to set the program up and an annual ongoing cost of AU$3.7 million.’

Global regulators are moving to prescriptive risk based cyber regulation. That is a departure from the traditional implementation of cybersecurity. The article also frames the regulatory move as ‘defensive’ cybersecurity over ‘offensive’. Regulation is moving cyber ‘left of bang’, highlighting the need for defensive cyber.

Ted Dziekanowski

#theaugustagroup #defensivecyber #cyberregulation #cyberriskmanagement

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