NEWS
Australia strengthens cybersecurity after major breaches increasingly interested in cyber-risk and the quantification of such risk and are involved in decision-making about strategies , products and services .” recent series of damaging , highprofile data leaks in Australia has
A changed the way Australian organizations approach enterprise security and procure cybersecurity services , according to a new research report published by Information Services Group .
The 2023 ISG Provider Lens Cybersecurity – Solutions and Services report for Australia finds that the attacks revealed escalating threats and changed cybersecurity from solely an IT issue to a closely monitored enterprise challenge .
“ Australian companies recognize the business dangers of data leaks ,” said Joyce Harkness , director , ISG Cybersecurity , for ANZ and Asia Pacific . “ Top management and boards are
The Australian government has strengthened the country ’ s cybersecurity response by imposing the Notifiable Data Breaches ( NDB ) scheme , which requires organizations to report breaches , and working with the state of South Australia to establish the Australian Cyber Collaboration Center – an incubator for new security solutions and initiatives .
More recently , the national government unveiled the 2023-2030 Australian Cybersecurity Strategy , aimed at making Australia one of the most cyber secure nations in the world by 2030 ; appointed the nation ’ s first cybersecurity coordinator and began operationalizing the Security of Critical Infrastructure Act 2018 .
Strategic collaboration to strengthen Singapore ’ s cybersecurity
FS-ISAC has signed an MoU with the Cybersecurity Agency of Singapore ( CSA ).
The joint effort is aimed at enhancing information sharing and cyber exercises participation – fortifying resilience in the financial services sector . The CSA ’ s recent Singapore Cyber Landscape ( SCL ) 2022 identified the banking and financial services sector was identified as the most spoofed , accounting for 80 % of 8,500 phishing attempts in 2022 . The report also cautioned organizations of emerging cyberthreats on the rise in Singapore such as ransom for reputation and AI-based cyberattacks .
With cybercriminals increasingly targeting the APAC region , there is a pressing demand to strengthen cyber intelligence co-operation to enhance cyber readiness .
“ As APAC ’ s leading financial hub , Singapore plays a critical role in the region ’ s financial ecosystem and cyber-risk remains a top concern in Singapore .
“ Our longstanding close co-operation with CSA plays a critical role in building a strong , resilient environment for the financial services sector while improving the current cyber posture of financial organizations based in Singapore ,” said Christophe Barel , Managing Director , Asia Pacific , FS-ISAC .
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