This week, a was issued by APRA which was directed at the financial institutions. This warning was for them to keep their guards up when it comes to their cyber-security. APRA was of the view that in today’s world, a cyber-attack is inevitable and almost everyone, be it an individual or a corporation, is vulnerable to it. What can be done to it is to strengthen your own cyber-security systems so that your and credentials cannot be breached into and all malicious activities and threats which are directed towards you can be stopped effectively.

The Australian Regulation has made a similar warning to all banks, superannuation funds, and insurance companies to their cyber-security immediately so as to prevent any cyber-crime or hacking activity to harm them in any way.
It comes just a few days after the Dan Coats, the US Director of National Intelligence a warning of similar nature.
This action has been taken by both the countries because the rate of cyber-attacks in these two countries is more than any other in the world. Having accepted that the crime is inevitable and can not be stopped from being conducted from the criminal’s end, the only option they believe they are left with is to make better their own security systems so that even if the attack is made, it is incapable of passing through the strong security barriers set up by them.

And as both the countries, US and Australia face increasing cyber-security risks, it is better for them to join hands for the eradication of the crime or at least prevention of it. For this, they must cooperate with each other on cyber-security issues in the Indo-Pacific region.


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Arslan Butt has a passion for keeping up-to-date regarding the latest trends involving tech, health and lifestyle, science, sports, and more. He likes going out for long walks, reading books (mostly fiction), and squeezing in some time to hit the gym whenever possible. Reach out to me at [email protected]

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