The New Cybersecurity Imperative: Cyber Governance
Australians’ reliance on digital technology is creating new business opportunities but also bringing the threat of increased cyber risks. It makes businesses an increasingly attractive target for cyber criminals. The number and severity of cyber incidents reported to the Australian Cyber Security Centre (ACSC) rose during 2020-2021, with an incident reported every eight minutes, on average.
“No sector of the Australian economy was immune from the impacts of cybercrime and other malicious cyber activity,” the ACSC reported. Boards are worried. The number one concern keeping directors up at night is cyber crime and data security, according to the Australian Institute of Directors’ latest Director Sentiment Index (DSI) released in December 2021.
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