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Assessing cyber risk: are you ready to be hacked?

Australian Govt launches Cyber Security Strategy

  • Businesses and government collaborate to strengthen cybersecurity and grow cyber skills
  • Securing everything is not feasible. Are you focused on being vigilant and resilient, not just secure?
  • Organisations need to be transparent and volunteer when they have been hacked

21 April 2016: James Nunn-Price, Asia Pacific Cyber Risk Leader Deloitte, welcomes the Government’s $230 million additional investment in cyber, announced today by the Australian Prime Minister the Hon Malcolm Turnbull: “We are particularly supportive of the Government’s five pillar cyber security strategic focus,” Nunn-Price said.

“Going deeper on fewer and more targeted initiatives will make a difference, rather than try and cover the hundreds of things clamouring for attention in the cyber security space. In this way government, business and academia can all pull together to focus resources on actions that will make an impact, rather than being spread too thinly.

“By calling out growth and innovation, and nurturing home-grown expertise to generate jobs, we will build a cyber smart nation. The Government’s initiative to collaborate with academia, business and researchers, as well as fostering STEM skills through the education system, and increasing diversity in them, will, we believe enable Australia to lead cyber innovation and resilience in the Asia Pacific region.”

Along with Deloitte Chief Executive Cindy Hook, one of the business leaders who attended the Prime Minister’s roundtable today, James Nunn-Price has been active in the Government-led roundtables and working groups that helped shape the strategy announced today.

Nunn-Price said: “One of the Government’s most important initiatives is to grow Australia’s cyber security workforce to meet the critical job needs in this space. In the last eighteen months Deloitte has created more than 100 new cyber risk consultant and Cyber Intelligence Centre jobs in Australia.

“Our experience is that the niche skills are out there, and they need to continue to be developed, as the threat to Australia’s cyber security is growing in sophistication and severity.

“For instance, in our second annual Privacy Index that measures Australian consumers’ response, which is due to be launched next month, only 14% of the 1000 respondents had received a privacy notification following a data breach. As the Prime Minister said this morning almost one million Australians were estimated to be victims of identity theft online in 2014.

“To this end Deloitte very much welcomes the call to action to organisations to voluntarily notify all their customers and regulators of any breach that may have experienced.”

Information on the Cyber Security Review and Strategy can be found here.

More information:

  • Nunn-Price established the network of Australian and Asia Pacific Cyber Intelligence Centres (CIC) linking into more than 20 CICs Deloitte has established worldwide
  • Nunn-Price established the UK CIC in 2013 and the Australian CIC in 2015 to provide 24x7 cyber-monitoring services to clients.
  • As part of raising the bar of strong cyber defences over a three year period Nunn-Price delivered 92 annual Cyber Security Governance Health Checks in the UK to the largest FTSE350 companies.
  • Nunn-Price said: “These Cyber Security Governance Health Checks helped to raise the bar in the UK. They worked. It is good to see Australia considering a similar approach.”

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Louise Denver

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