Australian Firms Improve Cyberattack Response Times

Australian companies have significantly reduced the time to recover from cyberattacks, now averaging 28 days, amid tighter regulations following breaches at Optus and Medibank. Despite improved preparedness, many firms still lack effective response plans. Cybersecurity awareness extends beyond tech departments into boardrooms due to heightened regulatory concerns.

Australian companies have notably decreased the time needed to recover from cyberattacks, now averaging 28 days, driven by regulatory pressures and heightened awareness post-breaches at Optus and Medibank.

A survey of 408 IT executives revealed these figures, indicating a regional improvement, although still slower than the global average of 24 days.

The tightened regulations are prompting companies to increase cyber resilience, with calls for board-level involvement rising as firms contend with stringent compliance demands.