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Cyber Contracts Not Meeting Board Expectations: Kaine Mathrick Tech CEO


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Cyber Contracts and Board Expectations in Australia

Cyber Contracts and Board Expectations in Australia

Cyber contracts not satisfying boards' requirements: Kaine Mathrick Tech CEO

Bradley Kaine, Kaine Mathrick Tech

Quick Overview

  • Current cybersecurity agreements fail to align with board expectations.
  • Emphasis on cyber resilience and adherence to Australian standards is essential.
  • New regulations necessitate improved incident reporting and response.
  • Entities must align agreements with overarching strategic objectives.

Status of Cyber Contracts

According to Bradley Kaine, CEO of Kaine Mathrick Tech, Australian cybersecurity agreements are not fulfilling the expectations set by boards. Despite the Commonwealth’s introduction of new cyber risk model clauses, numerous entities continue to neglect integrating cyber resilience across all layers of their procurement and vendor management strategies.

Impact of Regulatory Changes

The enactment of the Cyber Security Act 2024 and the mandate for 72-hour ransomware payment reporting serve as key motivators for organisations to reconsider their incident response clauses. However, approaching these adjustments solely as compliance measures could prove harmful. The 2023–2030 Australian Cyber Security Strategy emphasizes the importance of cultivating trust and resilience within a digital economy, urging organisations to regard cybersecurity as a matter of boardroom importance.

Essential Contractual Elements for Cybersecurity

Incident response and recovery play vital roles in cybersecurity agreements. Kaine recommends that organisations incorporate a “Mandatory Incident Disclosure and Cooperation” clause, compelling vendors to promptly alert clients regarding any ransomware incidents, reveal all interactions with extortionists, and fully cooperate in forensic investigations and governmental reports.

Connecting Cybersecurity with Board Expectations

Boards are facing growing scrutiny from regulators, shareholders, and the public to guarantee cyber resilience. A significant number of cybersecurity contracts remain overly fixated on technical controls rather than strategic integration. To close this gap, Kaine proposes a “Board-Level Cyber Risk Reporting and Assurance” clause that requires regular, board-ready updates on cyber security posture, alignment with frameworks such as the ACSC’s Essential Eight, and provisions for third-party assessments.

Conclusion

Australian organisations must reassess their strategies concerning cybersecurity contracts to align with board expectations. Incorporating resilience, synchronizing with strategic objectives, and adhering to recent regulations are crucial steps to ensure that contracts address not only IT issues but also considerations of risk, governance, and accountability.

Q&A

Q: What are the reasons for the inadequacy of current cybersecurity contracts in meeting board expectations?

A: Numerous contracts remain excessively focused on IT aspects and lack the necessary strategic alignment with the board’s objectives related to governance, risk, and resilience.

Q: What should organisations prioritize when evaluating cybersecurity contracts?

A: Organisations ought to concentrate on embedding resilience, executing risk-based evaluations, and ensuring that contracts encompass incident response, data safeguarding, and compliance with Australian standards.

Q: What consequences does the Cyber Security Act 2024 have for contracts?

A: The Act, in conjunction with the Ransomware Payment Reporting Rules 2025, compels organisations to reevaluate their incident response agreements, focusing on legal and reputational factors in addition to compliance.

Q: How can boards ensure their organisation’s readiness against cyber threats?

A: Boards can insist on provisions that mandate vendors to provide regular updates, align with key frameworks, and incorporate measures for audits and incident simulations.

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Cybersecurity Agreements Fall Short of Boardroom Demands, Cautions Kaine Mathrick Tech CEO


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Quick Read

  • Cybersecurity agreements are misaligned with the requirements of boardrooms, claims Kaine Mathrick Tech CEO.
  • The Cyber Security Act 2024 alongside new ransomware disclosure mandates underscores the requirement for revised incident response agreements.
  • Organizations ought to integrate cyber resilience into procurement and vendor governance procedures.
  • Board members are advised to prioritize risk, resilience, and governance over purely technical measures.

The Expanding Discrepancy in Cybersecurity Agreements

Cybersecurity agreements are inadequately meeting the extensive demands of boardrooms, as stated by Bradley Kaine, CEO of Kaine Mathrick Tech. With the evolution of cyber threats, there is a growing need for contracts that focus on extensive risk management and governance, rather than limiting themselves to technical solutions.

Regulatory Drivers: Cyber Security Act 2024

The Cyber Security Act 2024 and the obligation for 72-hour ransomware payment reporting are critical prompts for organizations to reassess their incident response strategies. However, Kaine cautions against considering these regulations as simply compliance tasks. They should encourage a more profound incorporation of cyber resilience into the overall organizational strategy.

Integrating Cyber Resilience

Bradley Kaine highlights the necessity of integrating cyber resilience throughout all levels of procurement and vendor management. This entails conducting risk-focused evaluations of suppliers, ensuring contracts stipulate clear expectations regarding incident response, and thoroughly examining cyber insurance policies.

Strategic Synchronization with Boardroom Requirements

Even with the increasing number of cyber threats, numerous cybersecurity agreements still prioritize IT concerns while failing to align with the strategic requirements of boardrooms. There is an urgent need for contracts to incorporate the lexicon of risk, resilience, and governance. Kaine recommends the implementation of board-level provisions that feature regular updates, adherence to defined frameworks, and clauses for third-party assessments.

Conclusion

As they confront evolving cyber threats and heightened regulatory scrutiny, Australian organizations must adjust their cybersecurity agreements to better fit boardroom requirements. This transition involves moving from solely technical responses to a focus on risk management and strategic alignment. Integrating cyber resilience into procurement strategies and ensuring thorough incident response initiatives are essential measures for this alignment.

Q&A

Q: What is the primary concern with existing cybersecurity agreements?

A: Existing cybersecurity agreements typically do not meet the strategic expectations of boardrooms, leaning heavily on technical details instead of encompassing broader risk management and governance elements.

Q: In what way should organizations adjust to the Cyber Security Act 2024?

A: Organizations should regard the Act as a prompt to review and improve their incident response protocols, ensuring the incorporation of cyber resilience in their procurement and vendor management activities.

Q: What is an essential clause in contracts pertaining to incident response?

A: A “Compulsory Incident Notification and Collaboration” clause is vital, mandating that vendors immediately inform clients about ransomware occurrences and fully cooperate in investigations and subsequent reporting.

Q: How can boards guarantee that cybersecurity agreements fulfill their requirements?

A: Boards should require clauses that mandate regular updates on cybersecurity status at the board level, alignment with accepted frameworks, as well as provisions for third-party evaluations and incident drills.

Cyber contracts not meeting boards' needs: Kaine Mathrick Tech CEO

Bradley Kaine, Kaine Mathrick Tech

175 Games Now Leverage NVIDIA DLSS 4 Capability


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Fast Overview

  • NVIDIA’s DLSS 4 technology enhances gaming performance considerably.
  • More than 175 games now utilize DLSS 4, improving visuals and frame rates.
  • Path tracing and ray tracing are becoming standard practices in contemporary gaming.
  • NVIDIA’s RTX 50 Series graphics cards uniquely support DLSS 4.
  • A new GeForce RTX 50 Series package features Borderlands 4.

NVIDIA DLSS 4 Transforms Gaming Performance

NVIDIA’s DLSS 4, the newest AI-enhanced rendering technology, is revolutionizing the gaming experience by offering remarkable performance enhancements. Utilizing AI to generate additional high-quality frames, players can enjoy more fluid gameplay and elevated frame rates, even at maximum settings. This state-of-the-art feature is solely available on NVIDIA’s GeForce RTX 50 Series graphics cards.

NVIDIA's DLSS 4 empowers 175 games with enhanced performance

Growing Game Compatibility

With over 175 games and applications integrating DLSS 4, the technology has gained extensive traction among developers. Anticipated upcoming releases like Borderlands 4, Resident Evil Requiem, The Outer Worlds 2, Phantom Blade Zero, and PRAGMATA are poised to take advantage of DLSS 4’s features.

Path Tracing and Ray Tracing: Emerging Norms

Path Tracing for Supreme Realism

Certain titles are aiming for unparalleled graphical accuracy by utilizing path tracing. This sophisticated method tracks the path of each light ray, producing lighting effects that are nearly indistinguishable from actual life. With DLSS 4, games such as Directive 8020 and Resident Evil Requiem make this technology feasible.

Ray Tracing Becomes a Standard

Ray tracing is being extensively implemented to enhance visual immersion, offering realistic lighting, precise shadows, and dynamic reflections. Titles like Black State, CINDER CITY, The Outer Worlds 2, and PRAGMATA are at the forefront.

Improving Gameplay with DLSS 4

DLSS 4 for Optimal Performance

DLSS 4’s Multi Frame Generation aims to maximize performance by creating new frames between traditionally rendered ones, significantly increasing frame rates. Games such as Borderlands 4 and Fate Trigger are expected to provide fluid gameplay.

RTX Hair for Realistic Characters

NVIDIA’s technology is also enhancing character authenticity. Games like Indiana Jones and the Great Circle will incorporate RTX Hair, utilizing the RTX 50 Series GPUs to produce intricate, realistic hair animations.

Cloud Gaming and Software Developments

NVIDIA App Enhancements

The NVIDIA app, crucial for GeForce RTX users, now features global DLSS overrides and software updates, streamlining the process of keeping systems optimized with the latest drivers.

NVIDIA ACE and RTX Remix

NVIDIA ACE enhances voice-based interactions in games, while RTX Remix evolves through community feedback, introducing new features such as a particle system for classic titles.

Exclusive Gaming Packages

Borderlands 4 GeForce RTX 50 Series Package

NVIDIA’s latest GeForce RTX 50 Series package includes Borderlands 4 along with additional DLC. This offer is accessible in Australia via participating retailers until September 22, 2025. Prices for the RTX 5070 start at around A$928.

Conclusion

NVIDIA’s DLSS 4 is reshaping PC gaming by improving performance and visual fidelity through AI-driven rendering. With broad developer backing and the integration of technologies like path tracing and ray tracing, the RTX 50 Series is set to deliver extraordinary gaming experiences.

FAQs

Q: What is DLSS 4?

A: DLSS 4 is NVIDIA’s new AI-based rendering technology that enhances gaming performance by producing extra high-quality frames.

Q: Which graphics cards are compatible with DLSS 4?

A: DLSS 4 is available solely on NVIDIA’s GeForce RTX 50 Series graphics cards.

Q: What does path tracing mean?

A: Path tracing is a rendering method that follows the complete path of light rays to generate extremely realistic lighting effects in video games.

Q: In what ways does ray tracing improve gaming visuals?

A: Ray tracing enhances visual authenticity by simulating the interaction of light with objects, providing realistic lighting, shadows, and reflections.

Q: What is included in the GeForce RTX 50 Series bundle?

A: The bundle features a GeForce RTX 50 Series graphics card and a copy of Borderlands 4, along with additional downloadable content.

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“Delegating Your Risk? Brennan’s Cyber Leader Cautions Against Complacency”


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Cybersecurity Contracts: Managing Risks and Responsibilities

Cybersecurity Contracts: Managing Risks and Responsibilities

Quick Overview

  • Outsourcing risk is a fallacy; shared responsibility is essential.
  • Clarity in contracts is vital; steer clear of vagueness and uncertainty.
  • Compliance must not eclipse sound cybersecurity practices.
  • Emphasize practical risk evaluations for third and fourth-party risks.
  • SaaS contracts ought to extend beyond basic agreements for critical data safeguarding.
  • Incident response clauses are crucial, particularly for ransomware notifications.
  • Cyber insurance is altering contract demands; comprehend its provisions.
  • Small enterprises should prioritize essential contracts for effective investment.

Fallacy of Outsourcing Risk

Peter Soulsby cautions against the outsourcing of risk in cybersecurity contracts

Brennan’s cybersecurity head, Peter Soulsby, warns organisations against the notion that they can delegate their risk. According to Soulsby, cybersecurity is a collective obligation that demands precise and clear contracts.

Significance of Clear and Specific Contracts

Australian organisations are encouraged to revise their cybersecurity contracts with detailed stipulations. Ambiguous contracts frequently result in misinterpretations and failures.

Compliance Versus Effective Cybersecurity

Soulsby points out the conflict between compliance and practical cybersecurity. He cautions that compliance should not undermine the application of strong cybersecurity measures.

Assessing Third-Party and Fourth-Party Risks

With rising regulatory scrutiny, assessments of third-party and even fourth-party risks are becoming more prominent. Soulsby promotes more practical evaluations over cumbersome surveys.

Challenges in Protecting SaaS Data

Depending on contracts with leading SaaS providers can be deceptive. Soulsby recommends utilizing dynamic tools for assessing third-party risks related to critical data.

Clauses for Incident Response and Recovery

In light of ransomware threats, Soulsby proposes that contracts must guarantee providers offer best practices and hold clients responsible.

Effects of Cyber Insurance on Contracts

Cyber insurance is transforming contract dynamics. Organisations should grasp their coverage and avoid unnecessary expenditure on incident response.

Striking a Balance Between Accountability and Liability

Soulsby stresses that businesses cannot relinquish responsibility through outsourcing. Successful partnerships rely on shared accountability.

Guidance for Small Enterprises

Small businesses ought to concentrate on critical contracts and ensure mutually advantageous terms to enhance their cybersecurity investments.

Conclusion

Brennan’s Peter Soulsby encourages Australian organisations to reassess their strategies regarding cybersecurity contracts. Specificity, shared responsibilities, and a balance between compliance and security are essential for effective contract management.

Q&A: Frequently Asked Questions on Cybersecurity Contracts

Q: What makes outsourcing cybersecurity risk hazardous?

A:

Outsourcing risk can create a misleading sense of safety. It’s crucial to uphold shared accountability and ensure contracts define roles and responsibilities clearly.

Q: How can organisations guarantee their contracts are sufficiently specific?

A:

Organisations should explicitly outline their cybersecurity requirements in contracts and seek external assistance if needed to ensure clarity and eliminate ambiguities.

Q: What should organisations prioritize in third-party risk assessments?

A:

Emphasize practical evaluations rather than extensive questionnaires. Effective risk assessments should take into account the wider supply chain.

Q: In what way does cyber insurance influence cybersecurity contracts?

A:

Cyber insurance frequently intersects with contract requirements. Organisations must grasp their coverage to prevent redundant expenses and conflicts.

Q: What recommendations are available for small businesses facing financial limits?

A:

Small businesses should concentrate on essential contracts and ensure terms are mutually beneficial to maximise their cybersecurity investment.

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Monash University Selects Technology Collaborators for Advanced Supercomputer


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Monash University Collaborates with Tech Giants for Supercomputer

Monash University Collaborates with Tech Giants for Supercomputer

Quick Overview:

  • Monash University partners with Nvidia, Dell, and CDC Data Centres.
  • MAVERIC supercomputer to enhance AI research.
  • Main focus areas: health and climate research.
  • Construction of the supercomputer set to commence in 2023, with a launch anticipated in 2026.
  • Facility located at CDC Data Centres, situated west of Melbourne’s CBD.
  • Total investment for the project is $60 million.
Monash Uni chooses technology suppliers for supercomputer

Nvidia GB200 NVL72
NVIDIA

Overview of MAVERIC

MAVERIC, which stands for Monash AdVanced Environment for Research and Intelligent Computing, is Monash University’s latest effort to advance its research capabilities through innovative technology. The collaboration with Nvidia, Dell, and CDC Data Centres aims to establish a cutting-edge AI supercomputer.

Technological Infrastructure

The MAVERIC supercomputer will utilize Nvidia’s GB200 NVL72 architecture, equipped with 36 Arm Neoverse V2 based Grace central processors and 72 Blackwell graphics cards. These elements will be linked together using Nvidia’s NVLink technology, providing up to 130 terabytes of bandwidth with minimal latency.

Dell’s Contribution to Integration

Dell is set to play a vital role by incorporating the Nvidia GB200 NVL72 into its integrated rack scalable systems, like the IR7000 with a PowerEdge XE9712 server. This partnership guarantees that the hardware is fine-tuned for research applications.

Location and Funding

The MAVERIC supercomputer will be located at CDC Data Centres in Brooklyn, about 10km west of Melbourne’s central business district. This initiative entails a significant financial commitment of $60 million, underscoring the university’s dedication to enhancing research capabilities.

Research Priority Areas

MAVERIC is expected to play a key role in pioneering research in health, including early detection of cancer, management of chronic diseases, and the development of new medications. Furthermore, the supercomputer will aid in climate research by examining complex data sets connected to air quality, Antarctic studies, and the implications of climate change on infectious diseases.

Future Aspirations

Professor Sharon Pickering, vice-chancellor of Monash University, highlighted the strategic role of AI in influencing the future. The university is focused on utilizing AI to address tangible challenges, ranging from medical advancements to sustainable environmental practices.

Timeline for the Project

The MAVERIC supercomputer construction is planned to commence this year, with full operational capability expected by the beginning of 2026. This schedule ensures the university remains a leader in research innovation.

Conclusion

Monash University’s collaboration with Nvidia, Dell, and CDC Data Centres signifies a major advancement in the field of AI research. The MAVERIC supercomputer is set to propel progress in health and climate investigations, solidifying the university’s position as a frontrunner in technological and scientific growth.

Q: What does MAVERIC represent?

A: MAVERIC stands for Monash AdVanced Environment for Research and Intelligent Computing, and it is a supercomputing initiative by Monash University.

Q: Who are the collaborators on this initiative?

A: The collaborators include Nvidia, Dell, and CDC Data Centres.

Q: What primary research subjects will MAVERIC concentrate on?

A: The supercomputer will concentrate on health-related research and climate studies.

Q: Where is MAVERIC situated?

A: It will be situated at CDC Data Centres, to the west of Melbourne’s CBD.

Q: When is MAVERIC expected to start functioning?

A: The supercomputer is projected to be operational by early 2026.

Q: What is the investment amount for the MAVERIC project?

A: The project entails an investment of $60 million.

Q: What technology platform will MAVERIC utilize?

A: MAVERIC will utilize Nvidia’s GB200 NVL72 platform.

Q: How is this initiative significant for Monash University?

A: It positions the university at the leading edge of AI research, addressing crucial health and environmental issues.

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