Home Insights Australian cyber security trends: February 2024

Australian cyber security trends: February 2024

The cyber security landscape in Australia is evolving at a pace. Aside from the growing number of cyber security incidents, the legal and regulatory environment continues to develop to manage the increased risk.

Australian regulators have pointed to increasing responsibility for relevant officers to implement appropriate cyber security safeguards, cyber insurance has developed further and, as widely reported, companies have faced legal action and regulatory investigations in relation to a number of prominent cyber security incidents.

Australian cyber security trends unpacks key components of organisations’ legal and regulatory obligations in relation to cyber security, and explores Australia’s new Cyber Security Strategy, looking at how different regulations intersect for different industries. It also considers how organisations can utilise cyber insurance, what they should be asking of external service providers, and how to embed cyber security into M&A transactions.

Our observations are based on the experience of our cyber security team as well as an assessment of certain publicly available resources.

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This publication is introductory in nature. Its content is current at the date of publication. It does not constitute legal advice and should not be relied upon as such. You should always obtain legal advice based on your specific circumstances before taking any action relating to matters covered by this publication. Some information may have been obtained from external sources, and we cannot guarantee the accuracy or currency of any such information.