https://www.itnews.com.au/news/cyber-security-bill-passes-parliament-613407
Australia has taken a significant step in bolstering its cybersecurity defenses with the passage of new legislation.
The Cyber Security Bill, a key component of the government’s 2023-2030 Australian Cyber Security Strategy, aims to enhance the nation’s resilience against cyber threats.
Key Provisions of the Bill:
- Mandatory Ransomware Reporting: Organizations that pay ransomware demands will be required to report the incident to the government.
- Enhanced Information Sharing: The National Cyber Security Coordinator and the Australian Signals Directorate (ASD) will have increased authority to share information with victims during cyberattacks.
- Mandatory Security Standards for Smart Devices: The bill introduces mandatory security standards for internet-connected devices.
The legislation addresses a critical gap in Australia’s cybersecurity framework by improving information sharing and enabling a more coordinated response to cyber threats. It reflects the growing recognition of cyber security as a national security priority.