SOCI Act 2024: Unveiling the Secrets of Critical Infrastructure

August 20, 2024
1 min read




Article Summary

TLDR:

Key Points:

  • Ransomware and AI are key data risks for Australian critical infrastructure organizations.
  • SOCl Act 2024 introduces new cyber security rules for critical infrastructure entities in Australia.

Article Summary:

Thales’ 2024 Data Threat Report highlights the challenges faced by Australian critical infrastructure organizations under the SOCI Act 2024. Ransomware attacks are increasing, with a focus on critical data, while AI adoption is on the rise despite concerns about managing risks. The Security of Critical Infrastructure Act 2018, now amended to include a broader range of industries, aims to improve cyber security in critical infrastructure entities. Compliance with cyber security frameworks has shown a correlation with reduced breaches, suggesting the importance of security measures. Critical infrastructure organizations must focus on security, integrating it into their future design processes through DevSecOps and a multi-layered approach to security. The 2024 Data Threat Report emphasizes the need for proactive measures and the integration of new technologies like AI into operations, while complying with auditing requirements to ensure operational resilience and reliability. Australian critical infrastructure organizations must stay ahead of the game by understanding and controlling the risks they face.


Latest from Blog

EU push for unified incident report rules

TLDR: The Federation of European Risk Management Associations (FERMA) is urging the EU to harmonize cyber incident reporting requirements ahead of new legislation. Upcoming legislation such as the NIS2 Directive, DORA, and