Avoid New Cybersecurity Requirement Fines


Avoid New Cybersecurity Requirement Fines

Avoid possible fines from new cybersecurity requirements recently released last month within the 2020 Government cybersecurity strategy. Certain critical Australian infrastructure companies may now be penalised if they fail to meet new cybersecurity requirements.  

The strategy will invest $1.67 billion over 10 years and will require companies to have “robust procedures” in place in case of a cybersecurity attack in order to recover as quickly as possible. Board members and senior management will now need to have clear strategies of accountability and risk management oversight including continuously evaluating and testing their systems.

When a company deliberately fails to comply with the new standards, the government will be able to penalise it. These penalties are not yet laid out but they could include fines.
 
Now is the time to seek the guidance of professional help to ensure your company is not fined and left vulnerable to cybersecurity attacks. As a managed security service provider we help companies audit their current systems, implement customised strategies, train employees and provide end to end security for your company. 

The list of critical infrastructure providers within the new strategy released includes banking and finance, communications, data and the cloud, defence, education, research and innovation, energy, food and grocery, health, space, transport and water.
 
Contact our team today to learn how we can help protect your company from cybersecurity attacks.