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Home News

ACCC Enhances Security as Digital Regulator

October 24, 2024
Reading Time: 2 mins read
in News
ACCC Enhances Security as Digital Regulator

The Australian Competition and Consumer Commission (ACCC) is ramping up its cybersecurity efforts as it prepares to take on the crucial role of Australia’s Digital ID regulator, effective December 1, 2024. This strategic move comes in response to the expanding responsibilities associated with the newly established National Anti-Scam Centre and the upcoming Digital ID framework. With the ACCC’s oversight growing in significance, the agency recognizes the pressing need to enhance its cybersecurity posture to protect sensitive data belonging to Australian citizens.

In light of these developments, the ACCC has launched a comprehensive cybersecurity uplift program aimed at improving compliance and maturity in alignment with the Australian Cyber Security Centre’s Essential 8 and the Protective Security Policy Framework. This ongoing program is designed to bolster the agency’s cybersecurity capabilities, ensuring that it can effectively manage the increased workload that accompanies its new regulatory role. The focus on maturity uplift underscores the ACCC’s commitment to establishing a robust security framework that meets national standards.

As the ACCC prepares to assume its Digital ID responsibilities, it will be tasked with accrediting organizations and agencies that provide Digital ID services, as well as screening and approving institutions for participation in the Australian government’s Digital ID System. This regulatory role will also involve enforcing legislation related to non-privacy aspects of Digital ID, necessitating a heightened level of vigilance and security. The agency’s proactive stance in enhancing its cybersecurity resources is a critical step in ensuring the integrity and security of the Digital ID initiative.

To support its cybersecurity uplift program, the ACCC is actively seeking specialized talent, as indicated by its recent posting on BuyICT for a cybersecurity specialist. This initiative reflects a broader effort to reduce enterprise risk associated with cybersecurity threats while improving the agency’s overall security posture. By achieving Maturity Level 2 of the Essential 8, the ACCC aims to position itself as a leader in cybersecurity within the regulatory landscape, ultimately fostering public trust as it navigates the complexities of digital identity management in Australia.

Reference:

  • Australian Competition and Consumer Commission Enhances Security for Digital ID
Tags: ACCCAustraliaCyber NewsCyber News 2024Cyber threatsCybersecurityOctober 2024
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