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Executive summary
Over the past two years, Latitude, Medibank and Optus were victims of data breaches so damaging that they woke CEOs and Boards across Australia from their cyber security slumbers. There is no longer any doubt about the financial and reputational impact these incidents can have on organisations.
The news in early June that Medibank is being sued by the Australian Information Commissioner and facing theoretical fines in the trillions of dollars for its 2022 cyberattack should send shockwaves across the Boards of private and publicly listed companies. These culture-defining attacks mean that cyber security is now everybody’s problem.
ADAPT’s 2024 cyber security report will highlight:
- The changing role of Australian CISOs in the face of such intense scrutiny.
- Key priorities, objectives and challenges for the CISO in the next 12 months.
- The increasing influence of the CISO in shaping key organisational strategies, including data and AI.
- How the CISO, more than ever, has the ear of the CEO and the Board along with the responsibility that comes with it.
- The CISO’s role as the front-line defender in protecting Australia’s national security.
Australian CISOs and CIOs are working more closely than ever in their quest to collectively build secure and trusted environments by design rather than by default. This alignment is illustrated below in the top 5 business outcomes CISOs and CIOs are being asked to deliver this year.
