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Most Australian businesses under-prepared for a cyber attack: report


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Telstra boss Andy Penn says negligent company directors should be held legally liable for cyber attacks on their businesses in “egregious” situations, as he warns many workplaces are under-prepared for such an attack.
Mr Penn cautiously backed a proposal to strengthen obligations on directors, which was canvassed by the federal government this week, but said the degree of responsibility should depend on the significance of the company’s products or services.
Telstra boss Andy Penn says malicious cyber criminals are becoming more brazen and sophisticated in targeting governments, businesses and global supply chains.
Credit:Eamon Gallagher
“In certain circumstances, yes, ultimately, there has to be some degree of legal liability,” Mr Penn said on Thursday. ....

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