Telcos face fines over cyber-security - 29 June 2015

Telcos face fines over cyber-security

• AAP
• 26 Jun, 5:36 PM

• Industries
• Information Technology
• Telecommunications

Telecommunications companies face fines of up to $250,000 if they do not take proper steps to head off cyber attacks that have the potential to cripple government agencies and damage businesses.

Attorney-General George Brandis said the laws, which were now out for consultation and will go to the parliament later this year, will ensure the safety of stored and transmitted data for business, individuals and the public sector.

The government estimates the changes will cost the industry about $220,000 a year.

The draft bill obliges about 1600 telcos and related companies, which earn about $43 billion a year, to protect their networks from unauthorised access and interference.

The laws will also require the companies to notify security agencies of key changes to networks and management systems that could adversely affect their ability to protect their networks.


And the Attorney-General's Department secretary will be given direction- and information-gathering powers, enforceable by Federal Court fines of $250,000 for a company and $50,000 for an individual.


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Coalition toughens Aust cyber safety net

• AAP
• 29 Jun, 12:00 PM

The federal government is seeking to beef up cyber security across the public and private sectors.

Authorities say there are more than 2000 reported serious cyber incidents each year, but many more go unreported.

New laws to go to federal parliament later this year will bring in fines of up to $250,000 to force telecommunications companies to take proper steps to head off cyber attacks and ensure the safety and security of stored and transmitted data.

The bill obliges about 1600 telcos and related companies, which earn about $43 billion a year, to protect their networks from unauthorised access and interference.

They must notify security agencies of key changes to networks and management systems that could adversely affect their ability to protect their networks.


Attorney-General George Brandis said fines and enforcement powers would only be used as a last resort where co-operation could not be achieved

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http://www.businessspectator.com.au...logy/coalition-toughens-aust-cyber-safety-net


http://www.businessspectator.com.au...cations/telcos-face-fines-over-cyber-security

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