David Feeney (Victoria, Australian Labor Party, Parliamentary Secretary for Defence) Share this | Hansard source

I understand we were in the middle of having a conversation about cyber­security. In considering the cyberattacks on Australian government and commercial infrastructure related information networks, I understand that cyberattacks are an emerging threat to Australia's national security and national economic wellbeing. There is also a concern about major organised crime syndicates and their capacity to be effective in attacking the Australian banking sector. That would mean that there would be a significant loss of confidence in the banking system, and that would have collateral effects through our whole financial and economic system and in that way would do considerable damage to our national economic wellbeing. I understand that was the point that Minister Sherry was halfway through when we broke for dinner. From this moment onwards I am happy to take questions as I hear them.