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CRITICAL INFRASTRUCTURE PROTECTION CYBERCRIME SUBMISSION LODGED
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Sydney, 16 June, 2003: The Australian Bankers’ Association (ABA) encourages the Federal Government to provide further support to banks and other industry groups in order to establish the planned forum dubbed the ‘Trusted Information Sharing Network.
David Bell, Chief Executive of the ABA, said: “There is a significant opportunity for the Federal Government and banks to work together on critical infrastructure protection as a defence against cybercrime both locally and internationally.”
“The Federal Government has to give banks an assurance about the way in which information will be handled so that we can give bank customers and shareholders additional comfort.”
The ABA has made its submission to the Parliamentary Joint Committee on the Australian Crime Commission’s Inquiry into Cybercrime, which is inquiring into trends in practices and methods of this emerging criminal activity.
In its submission, the ABA defined cybercrime as “any crime effected or progressed using public or private telecommunications service.”
The main points in the submission are:
- the banking industry is a crucial component of the critical infrastructure that underpins the entire economy;
- banks play an important role in protecting the payments systems which underpin the entire economy;
- banks will participate in the Federal Government’s Trusted Information Sharing Network (TISN) provided all stakeholder interests are protected;
- banks will continue to provide information to ensure customers better understand ways they can protect their own interests;
- State and Federal Governments have a vital role in educating the general public on ways to protect themselves against this type of crime.
The ABA notes that adequate legislation exists in Australia to make cybercrime criminal, including reporting suspicious behaviour, investigating crime, recovering proceeds, crossing international boundaries, seizing assets and adopting prudential standards, and in addition the banking industry has adopted world class codes of practice.
The ABA is calling for implementation of uniform cybercrime and privacy legislation by all States and Territories and a review of criminal sanctions.
Click here for ABA submission
For further information:
Heather Wellard
ABA PR
Phone: 02 8298 0411
Mobile: 0409 830 439
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