Company directors have been put on notice that they will come under scrutiny from the corporate regulator if their businesses are hacked by cyber criminals and they failed to prioritise cybersecurity.
Australian Securities and Investments Commission chairman Joe Longo said the major cyberattacks against Optus and Medibank Private last year were a “wake-up call” for company directors.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
