“Relying on fines and fines will not make Australians safer. We need a system that encourages co-investment in security and resilience measures to protect both individuals and the national interest,” Beroeta said. Ta.
Richard White, founder and chief executive officer of $25 billion software group WiseTech Global, said “no one is completely immune” to cyberattacks and said he would not pay ransoms to cybercriminals. called on the government to make it illegal.
“Governments could help tremendously by banning the use of cryptocurrencies to incentivize ransom payments and pay cybercriminals,” White said. “It’s a system that allows people to receive rewards anonymously, secretly, and without detection.”
This comment was made as part of: Australian Financial ReviewThe annual Chanticleer survey of more than 50 of Australia’s top CEOs, including those from major banks and major mining companies, examines the serious questions leading up to 2024.
When asked to name risks and trends that are receiving less attention, the most common responses were cybersecurity threats, healthcare, productivity, and housing.
Telstra CEO Vicki Brady said the rapid growth of data and AI was creating broader opportunities for both business and society. But it wasn’t without risks.
“We’re not crying out for lack of attention; we’re talking about how important it is to balance opportunity and risk across everything from data protection and security risks to mitigating bias and discrimination. I just want to make a point,” Brady said. .
“The ethical development and application of data and AI is a top priority for leaders and on the agenda of boardrooms everywhere.”
Healthcare time bomb
Wesfarmers CEO Rob Scott said Australia’s aging population and future healthcare requirements had been discussed for years and state and federal governments needed to “think forward-thinking” now. He said it was necessary to do so.
“Making health care more accessible and affordable has huge benefits for welfare, productivity and government budgets,” Scott said.
“We should aim to be the healthiest country and if we achieve this, Australia will not only be the best place to live, but also the most competitive.”
This fact has not been forgotten by major domestic listed medical insurance companies. Medibank Private CEO David Koshker and NIB’s chief executive Mark Fitzgibbon said the rise in health spending as the population ages was not being seen enough.
“The cost for future generations to provide health care to an aging population is rising, and as a nation we currently spend 10.7% of our GDP on health care,” Kočkar said.
“Health care spending is expected to increase by more than 30% over the next few decades. If we do nothing, we will either pass on a huge and growing debt burden to future generations or lose the care we currently receive in this country. This will only result in a decline in quality and access.”
Mr Fitzgibbon said healthcare reform was needed.
“There’s just too much dependence on government funding and not enough taxpayers to fund it,” he said.
“We should think about this issue in the same way we did about age pensions, meaning that people should not only self-finance their healthcare costs, but also be more committed to improving their health and wellbeing. It creates an incentive to take on greater responsibility.”