The Federal Government has stepped in to strength our national resilience through significant regulatory reforms and amendments to the Security of Critical Infrastructure (SOCI) Act 2018. These compel infrastructure stakeholders to uplift the security of their assets through a range of new due diligence, risk mitigation and governance obligations.
The onset of COVID-19 has forever changed the world's economic and social fabric. Disruption to business models and supply chains have accelerated the appetite and need for digital transformation. While new communication, automation, collaboration, data processing, cloud and AI technologies offer enhanced productivity, they also increase the size and complexity of an organisation's attack surface and its vulnerabilities.
Adversaries are on the hunt, rapidly expanding the scale and sophistication of their attacks. Exploitations are occurring with greater frequency, severity and scope with incursions penetrating deeper and remaining undetected for longer. Australia's critical infrastructure remains a priority target, exposed to advanced and persistent threat actors increasingly motivated by nation states and big financial returns. A worsening threat landscape combined with greater digitisation and growing interdependencies have brought us to a dangerous crossroads.
The Federal Government's SOCI initiative is a principles-based, holistic response that goes beyond cyber-security alone. It requires critical infrastructure stakeholders to identify and reasonably mitigate all hazards across their cyber, human resources, supply chain and physical operations. Through the introduction of mandatory positive obligations, asset owners, operators and their Boards are being made directly accountable for implementing more robust risk management frameworks to enhance the resilience of key sectors in the economy.
At Deloitte, protecting critical infrastructure goes well beyond just great cyber-security. We can support you in identifying and mitigating threats and hazards across your entire organisation with risk minimisation strategies designed around global best practices in security, interoperability and scalability that ensure your commercial feasibility and financial exposure are sufficiently safeguarded.
How can Deloitte help?
At Deloitte we have the depth of expertise and multi-disciplinary teams needed to disaggregate, evaluate and respond to the challenges facing your organisation. We can support you in identifying and mitigating the threats and hazards across your cyber, human resources, supply chain and physical operations, including risk minimisation strategies designed around global best practices in security, interoperability and scalability.
By adopting a holistic approach, we can work with you in addressing compliance in a way that ensures your commercial feasibility and financial exposure are sufficiently safeguarded. Our cross-sectoral experience allows us to drill down to the key issues and assist in developing, documenting and actioning a Risk Management Program that facilitates growth, flexibility and innovation while positioning your Board and Management to meet their governance obligations.
We understand the challenges facing your business. Start the journey with us today and get a clear picture of your security posture, hygiene and options before your assets are affected.