This includes ensuring that your firm’s ability to detect, mitigate and respond to threats are enhanced.

Business Continuity Plans may need to be revised, and detection systems updated.

Disclosure of any breach needs to be considered. You may have an obligation to report any breach to:

• Australian Securities & Investments Commission (ASIC);
• Australian Cyber Security Centre (ACSC);
• Office of the Australian Information Commission (OAIC);
• Other government agencies;
• The financial market;
• In your financial reporting to relevant parties

CLICK HERE to go to the ACSC website for further information.

Author: Anna Rosemarie

Entrepreneur