A recent series of damaging, high-profile data leaks in Australia has 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 increasingly interested in cyber-risk and the quantification of such risk and are involved in decision-making about strategies, products and services.”
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.
