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The Australian Government has introduced a package of Cybersecurity legislation, to
1. Mandate minimum cyber security standards for smart devices;
2. Introduce mandatory ransomware reporting for certain businesses to report ransom payments;
3. Introduce a ‘limited use’ obligation for the National Cyber Security Coordinator and the Australian Signals Directorate (ASD);
and
4. Establish a Cyber Incident Review Board.
The legislation also introduces reforms under the existing Security of Critical Infrastructure Act 2018 (SOCI Act) to enhance the assistant the Government provides CNI providers; information sharing across industry and Government and empowers Government to direct entities to address deficiencies in their risk management programs.
@Thaddeus Dziekanowski Brian D. McCarthy Rachel V. Rose, JD, MBA Faisal Khan
Veritas GRC Senebria Australian Department of Home Affairs
#cybersecurity #cyberriskmanagement #cyberregulation
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