VCCI launches first cyber security policy for business

Victorian Chamber of Commerce and Industry launches first-of-its-kind Cyber Security and Scams Policy Position.

The Victorian Chamber of Commerce and Industry has launched its first-of-its-kind Cyber Security and Scams Policy Position.

According to the Victorian Chamber of Commerce and Industry, the document outlines the steps Australia must take to achieve the government’s ambition of becoming the most cyber secure nation by 2030.

A recent member survey revealed that 74 per cent of businesses are confident in their cyber defences, however, this conflicts with cyber industry knowledge that businesses are unaware of the high probability that they will, at some point, suffer a cyberattack.  When asked, 73 per cent would also be more inclined to strengthen their data security with government support.

The policy position advocates for the government to implement bold cyber policies, educational institutions to develop cyber security apprenticeships with extensive practical work experience, financial institutions to invest in more secure technologies, and digital devices and software to be secure by default.

Victorian Chamber of Commerce and Industry CEO, Paul Guerra, said it’s imperative that governments and businesses prioritise cyber security.

“As we navigate an increasingly technology-driven world, our reliance on interconnected systems and data sharing has reached unprecedented levels,” said Guerra.

“Our policy position is not just a set of guidelines; it’s a first-of-its-kind, comprehensive and strategic framework that underscores the significance of safeguarding our digital landscape and the very foundation of our economy. Supply chain cyber risk is increasing, and a breach in one business – however small – can have significant ripple effects.”

The policy details 24 recommendations, or ‘game-changers’, which have been developed using our in-house cyber and policy expertise, through extensive consultation with small, medium and family businesses, telcos, tech giants, social media platforms, health providers, education institutions, banks and other critical infrastructure.

According to the Victorian Chamber of Commerce and Industry, the top three ‘game-changers’ include:

  • Cyber Health Clinics: Establish industry-led cyber health clinics to provide local, face-to-face solutions to uplift business cyber security with trust.
  • Cyber Safe Score: Establish a Cyber Safe Score that rates the level of cyber security maturity of businesses and any of their commercial products and services to boost competitiveness and secure supply chains.
  • Apprenticeship training model: Adopt a cyber security apprenticeship training model to give students the practical work experience they need to directly enter the workforce.

“It is incumbent upon governments and businesses to not only adopt but champion these cyber security principles,” said Guerra.

“The vision is clear – Australia must aspire to become the most cyber secure nation in the world by 2030. To achieve this ambitious goal, collaboration between the government and the business community is paramount.”

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