Government gives cyber security the attention it requires and $230m boost

On 21 April 2016, the Federal Government launched its long-awaited new Cyber Security Strategy, following 18 months of public consultation and review. Prime Minister Malcolm Turnbull's foreword to the Cyber Security Strategy states that the strategy gives cyber security "the attention it requires in an age where cyber opportunities and threats must be considered together and must be addressed proactively".

This is a sentiment with which our Corrs Cyber experts strongly agree. Leaving aside issues of national security, we often see first-hand the financial and reputational cost of cyber security incidents, particularly data security breaches. The absence of cyber resilience, and accompanying effective regulation has serious implications for the public and private sectors, and individuals.