Major boost to Federal Government cyber security

Australia’s own TechnologyOne the first global SaaS ERP company to be successfully IRAP PROTECTED assessed

CANBERRA, 30 September 2020 – Australian company TechnologyOne has become the only enterprise software solution in the world to earn the coveted ‘IRAP PROTECTED’ security assessment, dramatically raising the cyber security posture of Federal Government at no cost to the Budget.

In a game-changing move, the Australian global SaaS ERP solution provider will transition all Federal Government shared services customers on its software as a service (SaaS) platform from “OFFICIAL: Sensitive” to the higher “PROTECTED” level, at no additional cost, and with no operational impact.

“PROTECTED” will become the default information security posture status from TechnologyOne for Federal Government agencies moving forward, providing a significant boost to Australia’s cybersecurity.

Ed Chung, TechnologyOne’s Chief Executive Officer said TechnologyOne’s IRAP PROTECTED assessment, along with their decision to extend it to all Federal Government customers, has come at a time when the cyber security of the nation is more important than ever.

“Our Federal Government customers will get access to a more secure service at no additional cost to the taxpayer, and we are confident that this is what Australia needs, and expects, of its homegrown technology companies.

“As an Australian citizen, as well as the CEO of an Australian company, it’s important to me that the data that the Federal Government holds in trust for us – such as personal financial data – will now be protected with an additional level of security,” Mr Chung said.

“Many agencies operate in both OFFICIAL and PROTECTED – often requiring two environments. We are pleased to be able to meet the unique, and specific needs of our Federal Government customers by removing this friction.

“The investment we’ve made over the past three years to reach IRAP PROTECTED assessment means we can offer this step change for the Government at no cost to them, and in doing so, we also raise the cyber security bar much higher for other technology vendors,” Mr Chung said.

According to Mr Alastair MacGibbon, Strategy Chief at CyberCX and previously the Head of Australian Cyber Security Centre, this is a strong contribution to uplifting the Government’s cyber security posture at a critical time for the nation.

“The more protected systems across government the better. In security, you’re only as strong as the weakest link. Smaller government agencies are exposed to the same risk and threats as their larger counterparts, but often have fewer resources to mitigate them.

“I applaud any company, particularly a sovereign Australian one, that is looking to raise security by design and default,” MacGibbon said.

Mr Chung said “IRAP PROTECTED, along with our pending DISP membership, will provide TechnologyOne’s Federal Government customers with a comprehensive cyber security posture covering people, process and technology.

“We have been a local Australian supplier to governments at all levels - federal, state and local - -for more than 30 years.  In that time, we’ve consistently invested in R&D to improve the service we offer and reinvented ourselves several times. It is this latest iteration - our Global SaaS ERP - that has enabled this important step on behalf of all Australians,” he said.

Media contact
Amity Sturwohld
Public Relations & Investor Relations Manager
0439 646 389

About TechnologyOne

TechnologyOne (ASX:TNE) is Australia's largest enterprise Software as a Service (SaaS) company and one of Australia's top 200 ASX-listed companies, with offices across six countries. Our enterprise SaaS solution transforms business and makes life simple for our customers by providing powerful, deeply integrated enterprise software that is incredibly easy to use. Over 1,200 leading corporations, government departments and statutory authorities are powered by our software.

Our global SaaS solution provides deep functionality for the markets we serve: local government, government, education, health and community services, asset intensive industries and financial services. For these markets we invest significant funds each year in R&D. We also take complete responsibility to market, sell, implement, support and run our solutions for our customers, which reduces time, cost and risk.

For over 32 years, we have been providing our customers with enterprise software that evolves and adapts to new and emerging technologies, allowing our customers to focus on their business and not technology.

Publish date

30 Sep 2020

Resources

Looking for more resources?

Check out all TechnologyOne resources.

Contact Us Agent - TechnologyOne

Have a question?

If you would like more information, we are here to help.