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As part of public-private partnerships, governments in the Asia-Pacific region are building closer partnerships with private sector organizations and cybersecurity technology providers. These collaborations include threat intelligence sharing, cyber capacity building, research and joint investigations.
As cyber threats continue to grow in the Asia-Pacific region, including from ransomware attackers and nation-state actors, there are hopes that integrated collaboration between governments and businesses will lead to a more cohesive response.
What is a Cybersecurity Public-Private Partnership?
Public-private partnerships in national cybersecurity are typically a framework for collaboration between government entities and private sector organizations to strengthen a country’s digital security.
These partnerships, whether formal agreements or informal collaborations, involve public agencies responsible for cybersecurity working with private companies such as technology companies or critical infrastructure operators to better address threats and build resilience.
Countries such as the United States and the United Kingdom Leading the way towards closer engagement in cybersecurity critical infrastructure, recognizing the need for close collaboration as many state assets move into private hands through privatization. Today, cybersecurity PPPs are viewed as an essential societal endeavor.
Why Public-Private Partnerships for Cybersecurity Are Growing
The rise of PPPs, including in the Asia-Pacific region, is due to governments recognizing that much of the telemetry data, technology and assets needed to combat cyber threats are currently in the hands of the private sector, rather than within government control, Sabeen Malik, vice president of global government affairs and public policy at cybersecurity firm Rapid7, told TechRepublic.
“The government acknowledged that they are not the only agency that can assess a lot of the threat landscape, and a lot of the real-time information they seek is not in government vaults,” she said. “The government has not built an agency internally to see if they can monitor all the ways that data is flowing.”
Attacks surge in Asia Pacific
The threat grows as governments lack control over the expanding attack surface. Check Point’s research found that Asia Pacific saw the highest year-over-year growth in weekly attacks in 2023. An average of 1,835 attacks per organizationan increase of 16%.
According to Statista, many The most attacked industries worldwide in 2023Emerging industries such as manufacturing and financial services are critical to the Asia-Pacific region. State-sponsored cyber activities, including cyber espionage, are also a major geopolitical and security concern. Especially in the financial services sector.
Australia builds closer partnership with private sector
this Australia’s Cyber Security Strategy 2023-2030 emphasizes strong PPP Becoming a leader in cybersecurity. This strategy reflects how jurisdictions in the Asia-Pacific region are working individually and collectively with the private sector to strengthen cybersecurity.
New Cyber Incident Review Board established
The Australian Government proposes to establish a Cyber Incident Review Board to be co-designed with industry to conduct no-fault incident reviews to improve Australia’s cybersecurity. Lessons learned from the review will be shared with the public and businesses to enhance national cyber resilience and help prevent similar incidents from happening again.
Breaking the ransomware business model
The Government wants to work with the private sector to reduce ransomware attacks. The Government has committed to working with industry partners to design a mandatory, no-fault, no-liability ransomware reporting scheme. This initiative will facilitate reporting of ransomware incidents and ransom payments, support the creation of ransomware playbooks, and help businesses prepare for and respond to attacks.
Australian Signals Directorate collaborates with Microsoft
ASD’s Cyber Threat Intelligence Sharing Platform allows participating organizations to share threats, Connected with Microsoft Sentinel platformBy creating a “Global Cyber Threat Intelligence System,” Microsoft will allow its Australian customers, part of the CTIS, to share cyber threat information at the speed and scale required to mitigate threats.
Establishment of the Network Executive Committee
one Executive Network Committee The group is formed to improve threat information sharing across the Australian economy and drive public-private collaboration to deliver other priority initiatives of the Australian Cyber Strategy. The group is made up of senior representatives from Australia’s private sector, including associations such as the Business Council of Australia and brands such as Commonwealth Bank of Australia, Optus and supermarket operator Coles Group.
Building national threat denial capabilities
The Australian Government is working with industry partners through the National Cyber Intelligence Partnership to pilot an automated, near real-time threat blocking capability that will build on and integrate with existing government and industry platforms.
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