The Australian Government has announced it will review its cyber security strategy and has committed to releasing a report within six months.
The Cyber Security Review will be led by the Department of Prime Minister and Cabinet but will be assisted by a panel of experts who include:
- Jennifer Westacott (CEO of the Business Council of Australia);
- John Stewart (Chief Security and Trust Officer, Cisco Systems, United States);
- Mike Burgess (Chief Information Security Officer, Telstra); and
- Tobias Feakin (Director of the International Cyber Policy Centre at the Australian Strategic Policy Institute).
It is intended to explore practical solutions as to how industry and the government can work together to improve the resilience of online systems against attacks.
In 2013, the Australian Signals Directorate responded to 940 cyber incidents involving Government agencies, representing a 37 per cent increase on the previous year.
The direct cost of cyber-crime to the Australian economy in the past 12 months is estimated to be more than $1 billion according to the media release announcing the Review.
The Review was launched at the opening of the Australian Cyber Security Centre which brings together agencies tasked with securing cyberspace, comprising of the Australian Crime Commission, Australian Federal Police (AFP), the cyber elements of the Australian Security Intelligence Organisation (ASIO), the Australian Signals Directorate, and the Attorney-General’s Department Computer Emergency Response Team (CERT).
The announcement comes just days after Justice Minister Michael Keenan flagged the upcoming opening of the Australian Cybercrime Online Reporting Network (the ACORN) which will enable members of the public to instantly report instances of cybercrime online.