Could agency heads be the next Target?
By Andrew Gill and John McPherson
Last week saw the removal of US retail giant Target’s chairman and chief executive officer (CEO) as the fall-out continued from last year’s hack of 40 million customer payment card records and 70 million other records. This in turn has triggered a wave of litigation in the US from customers, banks and others against Target and its security providers. It has also seen Target’s chief information officer (who has since also departed the company) hauled before congressional committee hearings.
While Australian companies and government have not been immune from attacks by hackers, it raises some important questions: could one of our big agencies, such as the Australian Taxation Office or the Department of Social Services, be liable for security breaches? And how can organisations reduce this risk?
The frontline of combating cyber-security threats will always be held by IT professionals who create and man the cyber defences and respond to attacks as they occur. However, the strategic questions such as threat levels, risk assessments and resources to devote to cyber security involve more than just IT professionals — and the former CEO of Target is proof of that…
Click on the link below to read the rest of the Minter Ellison briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Minter Ellison
News from The Lawyer
Briefings from Minter Ellison
Minter Ellison presents to the construction industry its annual security of payment roundup for 2014.
The new Foreign Investment Industries Guidance Catalogue will supersede the current 2011 version from April 10 2015.