Cyber Security Bill 2024

Summary

Introduced with the Intelligence Services and Other Legislation Amendment (Cyber Security) Bill 2024 and Security of Critical Infrastructure and Other Legislation Amendment (Enhanced Response and Prevention) Bill 2024 to implement certain measures proposed by the 2023-2030 Australian Cyber Security Strategy, the bill provides for: mandatory security standards for smart devices; mandatory obligations on certain businesses to report ransomware and cyber extortion payments; a ‘limited use’ obligation that restricts how cyber security information voluntarily provided to the National Cyber Security Coordinator can be used and disclosed; and the establishment of a Cyber Incident Review Board to conduct post-incident reviews into significant cyber security incidents.

Summary

The provided text is an explanatory memorandum for Australia's Cyber Security Bill 2024. This bill aims to create a comprehensive legal framework addressing contemporary cybersecurity challenges. Key features include mandatory reporting of ransomware payments by businesses exceeding a certain turnover, the establishment of a Cyber Incident Review Board for post-incident analysis and recommendations, and mandatory security standards for internet-connected devices. The bill also addresses data privacy concerns and outlines enforcement mechanisms, such as compliance and stop notices. Finally, the memorandum details the bill's extraterritorial application and its compatibility with human rights.

*Created with the use of AI using NotebookLM (Deep dive voices) for educational purposes

**Source Parliament of Australia

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