National Security Memorandum on Improving Cybersecurity for Critical Infrastructure Control Systems By JOSEPH R. BIDEN JR., JULY 30, 2021 |…
In a decade, ransomware software has grown from a tool by hackers to extort individuals for hundreds of dollars, to an underworld service-for-hire among criminals to shakedown entire industries for hundreds of millions. Cryptocurrency, meanwhile, has proven an ideal means of paying ransom to shadowy gangs across borders.
Quite often, companies are publicly embarrassed, face legal scrutiny and reputational damages when one of their third parties engages in unethical or criminal behavior. In April this year, five subsidiaries of Dutch conglomerate SHV settled for 41.6 million Euro to avoid further prosecution by the Dutch justice department.
The government is looking to mandate that non-corporate Commonwealth entities implement the Essential Eight cyber security mitigation strategies.
The Attorney General’s Department quietly announced its intention to mandate the Essential Eight in a response to the Joint Committee of Public Accounts and Audit’s inquiry into an Auditor-General’s report on cyber resilience.
Australia’s geostrategic circumstances are in a greater state of flux than seen in generations. Great power contestation has flared and the rules-based order is in question, while environmental catastrophe looms and governance challenges, ranging from cyber attacks, foreign interference, terrorism and transnational crime, flourish.
Australia’s rapidly evolving geostrategic neighbourhood is setting the scene for a major challenge to the nation’s traditional approach to strategic policy development. Recognising this, Professor John Blaxland explains the growing need for a geostrategic SWOT analysis to inform the nation’s strategic direction.