The comments come amid a rise in cyber attacks since late last year with breaches reported by at least eight companies, including health insurer Medibank Private Ltd and telco Optus, owned by Singapore Telecommunications Ltd.
Current cyber security rules are not adequate to deal with attacks and cannot protect consumer data, O’Neil told ABC Radio, blaming the previous government for implementing them.
“That law was bloody useless, like not worth being printed on the paper when it came to actually using it in a cyber incident,” O’Neil said in an interview. “They’re not fit for purpose at the moment, and I do think they need reform.”
She said Prime Minister