Cyber security remains a global concern. For this reason, organisations need to be able to effectively detect, respond and recover from a cyber incident.
Information is the best way to achieve this. Data insights from our Cyber Security Survey Report can add tangible value to your business when used to help guide the conversation around cyber security decision making and forward planning.
Here is a summary of our key insights to get you on your way. Download the full report to gain a comprehensive understanding of the current threat landscape, and learn what is required to protect your organisation.
Increasing insider threat
Respondents became increasingly aware of the current employee insider threat, slightly shifting their concern away from external cyber criminals to internal threats. Overall, we are starting to see an increase in insider threats, that is from employees, third parties, suppliers and vendors.
Shifting security investments
During 2019, there was a shift away from investments in technology controls and an increase in the adoption of security governance and supporting processes. This trend shows that mature respondents are focusing less on ‘silver-bullet’ technology and more on establishing enterprise-wide processes to be better prepared for cyber incidents.
In 2019, respondents reported a 35% year-on-year increase in the number of Notifiable Data Breach (NDB) notifications made to The Office of the Australian Information Commissioner. Interestingly, the confidence in meeting NDB obligations and the capability to meet NDB obligations have both dropped in the past year.
As awareness of data breach regulations increase, so does public concern for the security of private information. Accordingly, it is not surprising that 2019 saw an increase in the extent of reputational damage caused by data breaches.
If you would like to access to the full of insights from the 2019 BDO and AusCERT Cyber Security Survey, download the report.