Readers may recall a short article that was published in our
Corporate and Commercial newsletter on Cyber Security which drew
attention to the steps that can be taken in order to assist in the
prevention of cyber-attacks (please
click here to read this article). Further to that article, ASIC
has recently published a report on cyber resilience which is
intended to help regulated organisations improve their ability to
prepare and respond to cyber-attacks.
Regulated organisations have a legal obligation in relation to
cyber risk management practices. For example, Australian Financial
Services Licencees need to comply with such obligations that the
report is particularly relevant to their consideration. The report,
however, is appropriate reading for anybody involved in risk
management within their organisations and should be taken into
account when considering cyber-resistance and resilience.
