News25 Jan 2017

Australia:Stronger defences against cyber attacks needed

25 Jan 2017

Australian governments and businesses need to toughen their defences against the sort of cyber attack that crippled the national census last year, according to financial services firm Deloitte.

Australia already has the fifth highest level of web applications attacks of all nations, and Deloitte predicts that so-called distributed denial-of-service (DDoS) attacks will become larger in scale, harder to mitigate and more frequent this year, reported the Australian Associated Press citing Deloitte.

Deloitte is predicting 10 million total attacks per year and says they are increasingly common because of an explosion in the number of connected devices, quicker internet speeds and the online availability of instructions and code for would-be hackers.
"Any defence that is predictable can be specifically targeted by attackers," Deloitte consulting partner Stuart Scotis said.

The Australian Bureau of Statistics website was crashed last August by a series of DDoS attacks, dramatically reducing the amount and quality of census data gathered.

Australian companies and government organisations will need to implement more dynamic and broad-ranging strategies to mitigate the risk of DDoS, the report said.

The Australian government's Cyber Security Strategy estimates that cybercrime costs the country A$17 billion (US$13 billion) annually.

Insurers and automatic emergency braking

Deloitte's annual Technology, Media and Telecommunications (TMT) predictions also note that automatic emergency braking (AEB) will be compulsory for new road vehicles on Australian roads by 2025.

"Australian cars without automatic braking are expected to account for a disproportionate share of accidents in the future, undermining insurance and compulsory third-party economics," Deloitte TMT practice leader Stuart Johnston said.

"Forward-thinking insurers that offer reduced premiums for AEB safety features could also have the potential to encourage a wider adoption of the technology."

 

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