BDO launches 2018 Cyber Security Survey

11 September 2018

For the third consecutive year, BDO and AusCERT are conducting a Cyber Security Survey. Targeting key decision makers, this annual survey identifies current cyber security trends, issues and threats facing businesses in Australia and New Zealand. The goal of the survey is to deliver insights to help businesses build and maintain their cyber resilience over the long term.

BDO National Leader for Cyber Security, Leon Fouche said “2018 has seen the introduction of both the Australian Data Breach Notification Scheme and the EU's wide-reaching GDPR legislation. Data privacy now has real financial penalties if breached, and public expectations of data protection have never been higher.”

“Cyber incidents now impact organisations of all sizes and in all industry sectors. A cyber security breach can cause damages within seconds – from the time it takes to click on a malicious link in a phishing email, colleagues or clients can start to receive phony invoices or requests to log-in and make payments within hours.”

“The impact of a cyber security breach can be significant. For some organisations, it has taken months to realise their systems were compromised and that data was being stolen. The time it takes to shut down systems and repair the damage can impact on business operations and ultimately the business’ bottom line.”

To help organisations better defend their digital assets and implement improved cyber risk management strategies, benchmarking is an essential first step. It is important for organisations to understand the types of cyber threats that exist, and how they relate to their industry and business operations.

The survey report delivers insights that help businesses build and maintain their cyber resilience over the long term.

The survey opens today and closes at midnight on Friday 23 November 2018. Survey participants gain direct access to the survey report in November. To participate in the survey, visit www.bdo.com.au and have a chance to win an Apple watch.