Clearing the cyber decks
DP World Australia is back in business… The major stevedore – which handles about 40% of our maritime freight – was knocked over in a cyber attack that put the brakes on its operations on Friday. The company worked with the authorities, and while the incident is still under investigation, Christmas presents are expected to be delivered on time (phew…). The breach led to around 30,000 containers being stacked up at our major ports, along with raising fresh questions about the readiness of big companies to deal with mega hacks. The Australian Securities and Investment Commission has found that most companies are ill-equipped to fend off cyber attacks. Meanwhile, telcos will be required to show they have plans to deal with data breaches every year or face steep penalties. Home Affairs Minister Clare O’Neil said that’s needed because “nothing much works in the 2020s without reliable internet”.
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