Concerns about online threats against Australia have led to the federal government launching a review of its cyber security strategy for the first time since 2008. The Cyber Security Review will look at how government and industry can work together to improve the security of online systems. The review is to be conducted by the department of Prime Minister and Cabinet along with Business Council of Australia CEO Jennifer Westacott, Telstra CISO Mike Burgess, International Cyber Policy Centre director Doctor Tobias Feakin and Cisco United States CSO John Stewart. The review will: Assess the risk of cyber attacks in the public and private sectors with a view to making online systems more resilient to attack Examine how government and industry can better work together to reduce the risk of cyber attacks Assess how the federal government protects its networks and information Work to ensure Australia is one step ahead of the threats to government networks and critical infrastructure.. Outcomes of the review will be presented in May 2015. “By 2017, more than nine out of ten Australians will be routinely online and Australian businesses and consumers benefit from the opportunities an interconnected world delivers. However, there are also risks,” Prime Minister Tony Abbott said in a statement. “Last year, the Australian Signals Directorate [ASD] responded to 940 cyber incidents involving government agencies, a 37 per cent increase on the previous year.” Abbott also opened the Australian Cyber Security Centre (ACSC) in Canberra. The ACSC brings together the Australian Crime Commission (ACC), the Australian Federal Police (AFP), Australian Security Intelligence Organisation (ASIO), the Australian Signals Directorate and the Attorney-General’s Department Computer Emergency Response Team (CERT) Australia. “The ACSC will build an understanding of the threats we face and help our security agencies respond more quickly and effectively to the growing problem of cyber attacks,” said Abbott. In response, a Commonwealth Bank of Australia (CBA) spokesperson said it had advocated for a review of the cyber security strategy in its submission (PDF) to the Financial System Inquiry in March 2014. “Australia’s national cyber security strategy should be updated with a focus on private-public sector co-operation to ensure continued cyber security resilience across the financial services industry and critical infrastructure sectors,” read CBA’s submission. “We look forward to working closely with government on this review, including on key areas such as increased public-private collaboration and information sharing, cyber crisis planning and enhancing Australia’s cyber resilience through improved cyber literacy and the development of cyber skills in the domestic workforce,” said the CBA spokesperson. Follow Hamish Barwick on Twitter: @HamishBarwick Follow CIO Australia on Twitter and Like us on Facebook… Twitter: @CIO_Australia, Facebook: CIO Australia, or take part in the CIO conversation on LinkedIn: CIO Australia Related content brandpost The steep cost of a poor data management strategy Without a data management strategy, organizations stall digital progress, often putting their business trajectory at risk. Here’s how to move forward. By Jay Limbasiya, Global AI, Analytics, & Data Management Business Development, Unstructured Data Solutions, Dell Technologies Jun 09, 2023 6 mins Data Management feature How Capital One delivers data governance at scale With hundreds of petabytes of data in operation, the bank has adopted a hybrid model and a ‘sloped governance’ framework to ensure its lines of business get the data they need in real-time. By Thor Olavsrud Jun 09, 2023 6 mins Data Governance Data Management feature Assessing the business risk of AI bias The lengths to which AI can be biased are still being understood. The potential damage is, therefore, a big priority as companies increasingly use various AI tools for decision-making. By Karin Lindstrom Jun 09, 2023 4 mins CIO Artificial Intelligence IT Leadership brandpost Rebalancing through Recalibration: CIOs Operationalizing Pandemic-era Innovation By Kamal Nath, CEO, Sify Technologies Jun 08, 2023 6 mins CIO Digital Transformation Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe