The proliferation of digitisation is creating significant new cyber threats that require radical cultural change at boardroom level.
2020 saw major cyber-attacks and breaches affect Australian companies and governments – magnified by the impacts of COVID-19 on business IT systems.
Financial services are facing an unprecedented set of pressures from increasing cyber threats, disruption, competitive pressure from new entrants, consumer and shareholder activism and regulatory oversight.
So, where have we have gone awry with native security protection and how can we get back-on-track with first principles?
COVID-19 has brought a whole new raft of threats. With immense pressure on health systems it has also challenged cyber security as more people work from home.
With new technology comes a new standard. With increased use of online services such as banking, welfare and insurance people will expect an enhanced experience every time.
The answer to pressured budgets and increasing cyber risk can be found in a novel application of an established approach to IT budget management; cyber cost optimisation.
One in three adults have been affected by cybercrime, and estimates are the cost of cybercrime could be as much as $29 billion per year in Australia alone.
Cyber attacks are not uncommon, but their rising frequency and targeted approach is reason for concern.
Just because our working locations have changed your privacy setting should not. Once privacy is breeched it is very hard to take it back.
The next period of remote working conditions will be a challenge, so it is important you are not caught up in the commotion of the situation and compromise the safety and security of your IT systems.
Have you ever stopped to think about the value of your personal identity if it was stolen? You may be surprised at the answer.
At a time where digital transformation is making individuals, businesses and governments increasingly vulnerable to cyber-crime, Australia has a severe cyber security skills shortage.
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