Australian companies still wary of revealing cyber attacks amid growing pressure

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Australian executives remain wary about publicly disclosing cyber attacks and cyber strategies, despite growing demands for transparency in the wake of the hacking of Optus.

Pressures are growing for companies to show transparency in the weeks since the Optus data breach.abc.net.au/news/company-cyber-security-data-breach-optus/101543832Australian executives remain wary about publicly disclosing cyber attacks and cyber strategies, despite growing demands for transparency.

These pressures have only grown in the weeks since the details of the massive hack on Optus was made public. Operators of critical assets in sectors like broadcasting, banking, food, transport, fuel, communications and utilities are required to report to authorities when they are under attack. "What that suggests to me is there is a still a way to go for us to realise the value of sharing threat information," said Mr Di Pietro.

"Sharing cyber threat intelligence and reporting all cyber security incidents … are key to building a truly national threat picture," a spokesperson said.

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We’ll step one is to call them data leaks.

Why would you. You get a fine and lose customers...

Australia needs more IT specialists but not Chinese.

And scams.

The Privacy Act means they have legal obligation to tell people. Companies being wary of the public knowing their failures isn't relevant. They MUST do the right thing.

P well , companies now realise that they need IT , maybe now they will increase their OT budget 🤔

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