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Executive summary:
Australian organisations are accelerating into the digital realm faster than ever, driven initially by necessity during the pandemic and now , by the pursuit of greater market scale. The expansion of the digital economy has interconnected organisations, supply chains and the people they serve, facilitating simpler search and consumption of services at the touch of the button.
However, this interconnectivity also provides cyber criminals with new ways to scam or coerce people through malicious attacks on their sensitive data. The reality is that many vulnerabilities arising from a digital economy are becoming increasingly apparent. This has placed pressure on local legislators to ensure their oversight is fit for purpose, consequently renewing the focus on executives to protect the people that they serve.
This report examines the current state of cyber and business resilience and suggests actions to improve defences amid increasing regulatory pressure and cyber risks. It is part of ADAPT’s series on simplifying compliance, which includes:
- An ADAPT Market Trends: Exploring the journey to simplify compliance.
- An ADAPT Tech Trends: Sharing key insights.
- An ADAPT Overview: Summarising key actions and value.
- The ADAPT Primer : The main document this chapter is part of.
