Electricity Asset Management Plan 2019-2029
228
Vector Limited://
PROPOSED INVESTMENT SUMMARY ($MILLION NOMINAL)
DESCRIPTION
FY20
FY21
FY22
FY23
FY24
FY25
FY26
FY27
FY28
FY29 TOTAL
End user compute and collaboration
2.96
3.60
1.82
1.96
1.96
1.96
2.32
2.32
1.96
2.32
23.18
Total CAPEX
2.96
3.60
1.82
1.96
1.96
1.96
2.32
2.32
1.96
2.32
23.18
CYBER SECURITY
NEEDS STATEMENT The increasing prevalence of connected devices, connected networks and consumer engagement is also rapidly increasing the threat profile for cyber security. Vector is heavily invested in a program of work focussed on improving our cyber security posture, and reflects security by design in everything we do. This investment category is primarily focussed on providing increased mobile device threat detection, and refreshing and upgrading all core cyber security capabilities to deliver against this increased threat profile. The nature of connected networks means Vector must continue to focus investment in cyber security over time, and implement regular updates, upgrades and ongoing optimisation of the security capabilities of the organisation to ensure we continue to deliver safe, secure and reliable connected services. We have partnered with leading cyber-security and threat response researchers and are proud to take a leading position in implementing security and delivering highly secure services to its customers. Alongside this, we are developing and implementing new privacy by design measures in all customer facing tools, systems and capabilities, and these further improve our ability to deliver safe and reliable services.
TARGETED OUTCOMES
CUSTOMER EXPERIENCE
SAFETY
RELIABILITY
RESILIENCE
OPERATIONAL EFFICIENCY
CYBER SECURITY AND PRIVACY
OPTIONS CONSIDERED Options to address the need identified above have been assessed and are summarised in the following table.
DESCRIPTION
DISCUSSION OF OPTION
ESTIMATED COST (NPV IF APPLICABLE)
STATUS
Option 1: Business as usual
Investment in cyber security is reactive and based on point solutions. Applications are run through end of life and minimum-security standards are met. Minimum security and privacy obligations are met, however there is no ongoing investment in capability to ensure all services are always delivered securely and safely to customers Continuous upgrade cycle of core assets associated with cyber security, including replacement of firewalls, replacement and optimisation of mobile device tracking and ongoing investment in security review, audit and penetration testing. Privacy and Security by design principles are embedded in all work completed.
Rejected
Option 2: Cyber Security
$7.6M Selected
PROPOSED INVESTMENT SUMMARY ($MILLION NOMINAL)
DESCRIPTION
FY20
FY21
FY22
FY23
FY24
FY25
FY26
FY27
FY28
FY29 TOTAL
Cyber Security
1.53
1.03
0.96
0.54
0.54
0.68
0.54
0.54
0.68
0.54
7.58
Total CAPEX
1.53
1.03
0.96
0.54
0.54
0.68
0.54
0.54
0.68
0.54
7.58
Made with FlippingBook - professional solution for displaying marketing and sales documents online