Australia Bolsters Cybersecurity Measures Following Major Breaches
Australia is implementing a security overhaul to strengthen its cyber defenses following a series of major breaches. The plan includes providing cyber health checks for small businesses, increasing cyber law enforcement funding, and introducing mandatory reporting of ransomware attacks. Telecommunications firms will also face tougher cyber reporting rules, migrants will be sought to build up the cyber security workforce, and limits on inter-agency data sharing will be set to encourage incident reporting. The A$587 million ($382 million) strategy aims to address the increasing cybercrime reports and the economic impact of cyber attacks.