The Council of Small Business Organisations Australia (COSBOA) has submitted a comprehensive response to the Department of Home Affairs regarding the proposed cyber security legislative reforms. In our submission, we have meticulously outlined our perspective and feedback, underscoring the critical necessity for implementing cyber security measures that are both practical and manageable for small businesses.
Key points include:
IoT Device Security: Advocates for the responsibility of meeting cyber security standards to fall on the party managing the device's operating system. Emphasises regulation as a last resort and calls for a financial impact assessment.
Ransomware Reporting: Suggests limiting mandatory reporting to larger entities and providing guidance for smaller businesses. Highlights the importance of a streamlined reporting process and a no-penalty approach for businesses that pay ransoms.
Cyber Incident Engagement: Proposes aligning information sharing with existing practices to prevent future attacks and support businesses better.
Protection of Critical Infrastructure: Points out the lack of cyber security practices among small businesses and their vulnerability. Argues against increasing regulatory burdens for small businesses and calls for a detailed impact assessment of proposed changes.
COSBOA advocates for a balance between education, supportive infrastructure, and reasonable regulatory requirements, offering further consultation on their recommendations.
For the full submission click here.
For media enquiries or interviews, please contact COSBOA at ceo@cosboa.org.au or call (+61) 433 644 097.
Luke Achterstraat
COSBOA
Chief Executive Officer
