Australia plans to reform cyber security rules, set up agency

The Australian government on Monday said it planned to overhaul its cyber security rules and set up an agency to oversee government investment in the field
and help coordinate responses to hacker attacks.
The move follows a rise in cyber attacks since late last year with breaches reported by at least eight companies, including health insurer Medibank Private Ltd and telco Optus, owned by Singapore Telecommunications Ltd.
“Current cyber security rules, government policies and regulations “are simply not at the level that we need them to be,” Prime Minister Anthony Albanese said during a meeting with industry leaders and experts.
“This is really fast moving. It’s a rapidly evolving threat, and for too many years Australia has been off the pace,” Albanese said.