Security Awareness
Cyber-attacks continued to dominate in 2021, starting with the widespread SolarWinds attack and ending with the Log4j vulnerability that took everyone by surprise. These attacks, and others, further highlighted vulnerabilities in the supply chain and the wide-ranging nature of Information Technology (IT) ecosystems.
On November 22nd 2021, the Security Legislation Amendment (Critical Infrastructure) Bill 2021 was passed. The program intends to increase resilience across critical infrastructure assets, address vulnerabilities across physical, cyber, supply chain, and personnel domains, provide a wholesale uplift in critical infrastructure security, and reassure the Government that critical infrastructure assets are appropriately safeguarded against all risks.
For many organisations, cyber liability insurance provides critical protection from financial loss stemming from a cyber incident, from legal damages and business interruption, and crisis management and investigation expenses.
The updated Australian Standard (AS8001) for fraud and corruption was recently released, applying to all organisations operating in Australia. Its purpose is to guide how Boards and Executives can prepare their organisations to manage fraud risk.
In this webinar, we take a look at the impact of tech and the subsequent cyber security practices of importance.
As much of the nation sits in lockdown or under restrictions, the same conditions that are so challenging for our businesses are unfortunately also the ones where cyber criminals thrive.
What does it take to build a successful fintech company, and how do you navigate the complexities of the financial services sector?
The Australian Prudential Regulation Authority (APRA) has recognised the threat as we enter the new digital age and defined and implemented a new Prudential Standard CPS 234 (CPS 234).
The concept of WFH is not new. Making this situation more complex is the opportunistic cyber threats that have already started to take advantage of the situation.
In our digitally-driven society, cyber security is an essential element in ensuring both data integrity and privacy. Nearly every organisation is going through some form of digital transformation to enhance data access, increase the speed to market, and reduce operational expenses.
According to the 2018/2019 BDO and AusCERT Cyber Security Survey, there has been a significant increase in cyber incidents from third party providers and employees, with phishing being the most common incident experienced by organisations in Australia and New Zealand.
Cyber attacks arguably pose the single biggest modern threat to businesses. The number of cyber attacks, their level of sophistication, and the financial and reputational impact they have all continue to increase at an alarming rate.
Organisations of all sizes across various industries are experiencing information and cyber security incidents and breaches where human error is the prevailing cause.
Cyber fraud and data breaches are rampant and a growing concern globally. The number and level of sophistication of cyber attacks are increasing at an alarming rate.
Cyber risk remains an ever-present consequence of society’s adoption of technology. The cyber landscape is constantly changing, and the number and level of sophistication of attacks are increasing.
Over the past few years, we have seen an increased focus on cyber security awareness and security investments. The increase in awareness has translated to organisations contributing more resources towards security risk / attack prevention and limited investments going towards incident response.
Rapid digital transformation has created significant change and disruption for Australian businesses, government agencies and individuals. At the same time, organisations are increasingly dependent on secure and reliable technology to serve and engage their markets.
Cyber-attacks are increasing in sophistication and magnitude of impact across all industries globally. According to a recent report issued by the U.S. Security Exchange Commission (SEC) the average cost of a cyber data breach is USD$7.5 million and is continually increasing in value year on year.