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ARTICLE · 21 FEBRUARY 2017

Three things you need to know about cybersecurity and some recent regulatory changes in Australia

The tide of regulation is sweeping across cybersecurity, one of the biggest risk issues faced by businesses today.

AustraliaCorporate/Commercial Law

Three things you need to know about cybersecurity and some recent regulatory changes in Australia

Services: Corporate & Commercial

What you need to know

  • The tide of regulation is sweeping across cybersecurity, which is one of the biggest risk issues faced by businesses today.
  • Australian organisations have one year to get ready before mandatory data breach reporting comes into effect, so now is the time to ensure that processes and plans are in place to assess and manage the risks and to respond to a data breach in case (and before) it happens.
  • In the meantime, organisations should also focus on the importance of addressing cybersecurity as part of their legal and compliance obligations, and refer to ASIC guidance on managing cybersecurity risks.

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