Cybersecurity roundtable looks to the future

Cybersecurity roundtable looks to the future

Cyber Security Cyber Security Strategy
Monday, May 1, 2017

Department of the Prime Minister and Cabinet

The Hon. Minister Dan Tehan MP, the Hon. Malcolm Turnbull MP (Prime Minister), Mr Alastair MacGibbon

Minister Assisting the Prime Minister for Cyber Security, Dan Tehan, Prime Minister Malcolm Turnbull and the Prime Minister’s Special Adviser for Cyber Security, Alastair MacGibbon at the roundtable on 19 April.

Prime Minister Malcolm Turnbull hosted a cybersecurity roundtable on 19 April with key industry leaders to coincide with the launch of the Australian Government’s Cyber Security Strategy first annual update.

Held at Parliament House, the roundtable brought together 20 CEOs and senior leaders from Australia’s banking and finance, telecommunications and energy sectors as well as up-and-coming technology firms.

In his opening address, the Prime Minister noted the importance of Australia needing to be as agile and ingenious as those who seek to do us harm. The Minister Assisting the Prime Minister for Cyber Security, the Hon Dan Tehan MP, said the roundtable provided an invaluable opportunity for business leaders to share their knowledge of upcoming technological advances and business practices that are likely to disrupt the cybersecurity ecosystem.

The Prime Minister led discussions on a range of key topics, with particular focus placed on how the industry can access and embrace opportunity and be best supported in their development.

These included the need to ensure start-ups, big business and government are given opportunities to connect by matching those who are developing innovative solutions to those with the capital and market reach to implement them.

Pointing out some the existing opportunities within cybersecurity, participants noted that Australia ranks fourth globally in patent filings in cybersecurity research and development. However, they also highlighted the need for more to be done to support the fledgling industry in Australia.

Roundtable participants noted the significant opportunities the Australian ecosystem offers to innovate across entire sectors. Participants pointed out that a vibrant ecosystem, an educated workforce, the willingness to adopt new technologies and having industry leaders deploying best practice would all enable Australia to be a world leader in cybersecurity.

There was also recognition of the welcomed shift in attitudes towards cybersecurity that have taken place over the last 12 months during the first year of the Cyber Security Strategy. Businesses are increasingly realising the importance of safely sharing information and elevating cybersecurity as an organisational risk to their boards.

The roundtable led to an agreement that the Commonwealth Government would partner across industry, and with academia and think tanks to set up an annual forum to scan the horizon on technological disrupters. This forum will help Australia get ahead of the curve on research and development, and help drive domestic industry investment.