Cyber Security: A Month In Retrospect (Australia) – July 2023

July 2023 has been another busy month in the world of cyber security (yes, another one). This update summarises the top cyber-related news for July, including:

• regulatory developments such as APRA's new Operational Risk Management standard, plus new cyber disclosure rules introduced by the U.S. Securities and Exchange Commission;
• new insights into the rising average cost of a data breach, lower rates of victim organisations paying ransom demands, and research into impacts of cyber crime on impacted individuals; and
• growing fallout of the MOVEit hack, an attack on beauty giant, Estée Lauder, and the spread of surveillance malware developed by a Chinese state-sponsored group, APT41.