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ARTICLE · 30 NOVEMBER 2023

‘Shields' and ‘horizons': key takeaways from the 2023-2030 Australian Cyber Security Strategy

Corrs Chambers Westgarth
Corrs Chambers Westgarth
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Corrs Chambers Westgarth

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Directors who do not take their cyber security obligations risk regulatory enforcement action.

AustraliaStrategy

As the cyber threat landscape continues to evolve, the key message of the 2023-2030 Australian Cyber Security Strategy (Strategy) is clear: business cyber resilience is an urgent national priority.

The Strategy seeks to strike a balance between fostering close collaboration between government and industry but, at the same time, cracking down on businesses that are not cyber-ready. While certain legislative reforms have been proposed, including to the Security of Critical Infrastructure Act 2018 (SOCI Act), no economy-wide cyber laws have been proposed at this stage. Further industry consultation will be conducted prior to the introduction of substantive reforms.

Overview and implementation

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