The Australian Government this month released its long-awaited 2020 Cyber Security Strategy, four years after its inaugural Cyber Security Strategy and following a nearly twelve month consultation process.
The Strategy was released in the wake of an announcement that Australia is increasingly facing attacks from a sophisticated stated-based actor and commits the Government to its largest ever investment in cyber security, with $1.67 billion to be spent over a ten year period.
The Government says its overarching vision is “a more secure online world for Australians, their businesses and the essential services upon which we all depend” and has identified what it sees as the respective roles and responsibilities of government, businesses and the community in achieving that end.
Key initiatives of the Strategy include potential legislative changes setting a minimum cyber security baseline across the economy, the development of an enhanced regulatory framework for critical infrastructure and systems of national significance through amendments to the Security of Critical Infrastructure Act 2018 (Cth) and the introduction of laws giving the Government new offensive powers to deal with cyber attacks.
We have produced an infographic snapshot summarising the key initiatives of Australia’s 2020 Cyber Security Strategy and identifying what we think are the important takeaways for businesses and directors.
Please click here to read a summary infographic on the above.
This article was written by Luke Roper, Graduate, Andrew Miers, Partner and Jason Symons, Partner.