The Australian government has introduced new cyber security laws. Here’s what you need to know
David Tuffley does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
The Albanese government today introduced long-awaited legislation to parliament which is set to revolutionise Australia’s cyber security preparedness.
The legislation, if passed, will be Australia’s first standalone cyber security act. It’s aimed at protecting businesses and consumers from the rising tide of cyber crime.
The new laws have a strong focus on victims of “ransomware” – malicious software cyber criminals use to block access to crucial files or data until a ransom has been paid.
Under the new law, victims of ransomware attacks who make payments must report the payment to authorities. This will help the government track cyber criminal activities and understand how much money is being lost to ransomware.
The laws also involve new obligations for the National Cyber Security Coordinator and Australian Signals Directorate. These obligations restrict how these two bodies can use information provided to them by businesses and industry about cyber security incidents. The government hopes this will encourage organisations to more openly share information knowing it will be safeguarded.
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