Australian Government considers making company directors personally liable for cyber attacks

Anthony Galloway, Anthony Galloway, 13 July 2021

Company directors could be held personally responsible for cyber-attacks under new standards being discussed with industry as government research shows cybercrime is costing the Australian economy about $3.5 billion a year. The cyber-security standards, to be co-designed with industry, will cover corporate governance, smart devices, and the handling of personal information.The Federal Government also wants more transparency covering internet-connected devices including “security labelling” and disclosure of…

To read more go to The Sydney Morning Herald