Australian manufacturing exposed to cyber security vulnerabilities
The vulnerable critical manufacturing sector accounts for many cyber security threats according to recent researchfrom Kaspersky with higher levels of risk identified in ICS systems. Kaspersky’s latest report on the state of industrial cybersecurity has some ominous warnings for Australian manufacturers. This is a significant issue with the Australian federal government addressing it with new legislation. The draft Security Legislation Amendment (Critical Infrastructure) Bill 2020, which is open for consultation, addresses some of the issues and includes a security obligation for critical infrastructure entities and enhanced cyber security obligations for systems of national significance. Kaspersky recently surveyed 337 global senior leaders including 60 from the Asia Pacific region across all major industries including oil, gas and chemical, manufacturing and energy generation. Of the businesses who participated, 61% had more than 5000 staff. The survey found 75% of global organisations stating they are very or quite likely to suffer an industrial cybersecurity attack. Of greatest concern is the finding that 27% of respondents from the Asia Pacific fear cyber incidents could lead to loss of life, through service disruption or explosion. “Unlike our Asian neighbours Australia hasn’t suffered a large-scale cyber-attack that has caused loss of life. But the Australian Government is investing a massive $1.67 billion over the next 10 years to ensure a more secure online world for Australians, their businesses, and essential services,” explains Mr Neil Royle, Cyber Security Consultant, Kaspersky. “Australia has recently suffered a number of recent cyber-attacks targeting the Australian manufacturing sector, notably the Toll incident, BlueScope Steel being hit by a cyber attack that shutdown its operations globally and the attack on Lion that compromised the production of milk and beer locally,” explains Mr Royle. In August, the Australian Government released a new framework with security obligations for […]
