Report on implements in Privacy laws by the Australian government due to Cyber-attacks.
Prime
Minister of Australia, Anthony Albanese, announced that the country plans to
change its privacy rules to keep banks informed of cyber-attacks at companies
much faster following them. A data breach of up to 10 million customers - or
about 40% of the country's population - was revealed last week by Optus, a
subsidiary of Singapore Telecommunications, resulting in one of the largest
data breaches in Australian history. The company claims to have compromised the
data of up to 40 million customers - or about 40% of the country's population.
Clare
O'Neill, the minister of cybersecurity, stated over the weekend, there will be
additional information about the revisions provided by the government in the
days to come. According to Reuters (source of this article ), Australia's cyber defenses will be
strengthened in 2020 with a commitment to invest A$1.66 billion over a ten-year
period to harden the network infrastructure of businesses and families.
Optus said it was unclear how the attacker gained access to its network but that the IP address used by the attacker appeared to move between countries in Europe. The company declined to say how it had been breached or what steps it would take to prevent such an attack in the future.