Cyber Security
Fortunately, the Australian Government has acknowledged that Australian businesses need assistance in not only preventing cyber threats but also widening their knowledge of how these cyber threats can be prevented in the first place and have invested significant money into the Australian Cyber Security Centre (ACSC)
We recommend all businesses utilise the ACSC as a resource to understand their current security posture & maturity when compared to some general best practices that can be applied to all businesses no matter their size.
Case Study
In February 2026, the Federal Court ordered FIIG Securities to pay $2.5 million in penalties and $500,000 towards ASIC’s legal costs following significant cybersecurity failures that contributed to a large-scale data breach affecting approximately 18,000 clients. This is the first time the Federal Court has imposed civil penalties for cyber security failures under the general Australian Financial Services Licence obligations, creating a significant precedent for Australian organisations.
The judgment reinforces that cyber security is now a board-level and director-level responsibility. Organisations are expected to implement reasonable and appropriate controls to protect customer data, maintain cyber resilience, and actively monitor security risks. They did not have the following widely considered baseline cyber security requirements:
What it means for Business
In February 2018, the Australian Government introduced the Notifiable Data Breaches (NDB) Scheme under the Privacy Act 1988. The scheme requires eligible organisations to notify affected individuals and the Office of the Australian Information Commissioner (OAIC) when a data breach involving personal information is likely to result in serious harm.
The NDB Scheme applies to organisations covered by the Privacy Act, including many businesses with an annual turnover greater than $3 million, as well as certain other entities such as health service providers and organisations that handle personal information.
A data breach occurs when personal information is lost, accessed, disclosed or altered without authorisation. Common examples include:
The notification to individuals must include recommendations about the steps they should take in response to the data breach. You should notify the OAIC
using the online form
Why Think Solutions?
Think Solutions understands that Cyber Security can be an overwhelming topic for businesses. We believe that Cyber Security should be looked at in stages of maturity. Depending on where you are in your security journey, different solutions may be applicable at different times.
To assist businesses, we have tried to simplify our approach to Cyber Security to ensure your businesses have the essentials covered.
Our Key Strategic Partners
Think Solutions has been a trusted technology partner for Are-able for many years. Their team consistently provides responsive support, practical advice, and reliable solutions that help us maintain and improve our IT environment across multiple locations. We truly appreciate their professionalism, technical expertise, and commitment to understanding our business needs. Their partnership has played a key role in delivering effective and secure technology services to our staff and clients.
One example that stands out is the recent cybersecurity upgrade project. The Think Solutions team was proactive in identifying potential risks and guided us through practical improvements. Their approach gave our staff greater confidence in our security posture and ensured minimal disruption to our operations.
Over the years, Think Solutions has supported us across a broad range of initiatives, including:
– Cybersecurity improvements
– Microsoft and cloud services
– Network infrastructure enhancements
– Backup and disaster recovery solutions
– Software licensing and procurement
– Strategic technology projects
Their expertise has been instrumental in modernising our environment, improving security, and delivering technology outcomes that support our organisation’s growth.
What truly sets Think Solutions apart is their responsiveness, willingness to collaborate, and ability to offer recommendations tailored to our needs. They take the time to understand our challenges and work with us as a genuine partner, not just a technology supplier. Whether assisting with day-to-day support or delivering larger strategic initiatives, they consistently show a high level of professionalism and customer service.
We truly appreciate our partnership with Think Solutions and would have no hesitation in recommending them to organisations looking for a reliable and knowledgeable technology partner. We look forward to continuing to work together and achieving more successful outcomes in the future.