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Australia’s e-security framework is set to receive a major policy overhaul, the Attorney General Robert McClelland has announced. The Federal Government recently gathered industry and community organisations together in Sydney to discuss future e-security challenges. The introduction of mandatory data breach disclosure laws in Australia has been set in motion. The final report outlining the amendments to Australia’s Privacy Act will be released on August 11, possbily ending almost two years of speculation surrounding the inclusion of Australia’s inaugural mandatory data breach disclosure laws. Global security experts gathered in Malaysia last month to help ramp up the world’s defenses against cyber-terrorism. Cyber crime is costing the e-commerce industry as much as £580 million (A$1.38 billion) per year, with that figure set to rocket to £1.5 billion (A$3.6 billion) by 2010, latest figures show.