ASX Cyber Health Check Report – the view from the top

The first ASX 100 Cyber Health Check Report reminds businesses to be diligent in managing cyber security and data breach risks, particularly given the new data breach notification obligations that will shortly be imposed on them.

Last week saw the ASX publish its first Cyber Health Check Report. The report provides a valuable insight into the cyber-security attitudes and practices of the boards of ASX 100 companies.

It's no secret that cyber security is a real, and ever growing, risk faced by companies. Notably, 62% of the companies surveyed said that the level of attempted malicious cyber activity against their company has increased in the past year, and 80% of them expressed the view that cyber risk was likely to increase in the short term.