Cyber Worries

Cyber risk for businesses is once again hitting the headlines, as cyber-attacks are becoming increasingly complex and dangerous.  Way back in March I blogged about how ‘cyber risk’ and ‘cyber security’ had become the new insurance industry buzzwords. Then in May, the WannaCry ransomware attack left some Australian businesses reeling.

Now, it seems the government is starting to crack down on cyber security once and for all. According to an Insurance Business article, the Victorian government is the first state to launch a ‘Cyber Security Strategy’.

The article also states that the strategy was made in response to the constant cyber threats faced by government networks around the world. This can be anything from lone hackers, to “hacktivists”, or even foreign governments attempting to steal information.

cyber

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The strategy is part of a larger plan to ensure the state has the best new digital technology that is also resilient against cyberattacks.

Victoria’s Cyber Security Strategy includes:

  • Strengthening partnerships across public and private sectors to share the best practice;
  • Coordinating proven cyber security services;
  • Appointing a chief information security officer to oversee government response to ongoing cyber threats;
  • Developing cyber emergency governance arrangements.

For the full list of the Cyber Security Strategy, you can read the full article here. Cyber risk is an increasing problem, so here’s hoping that more state governments get on board with a similar strategy soon.

Words by Skye Jamieson