SecurityBrief Australia logo
Australia's leading source of cybersecurity and cyber-attack news
Story image

Aus companies must build security expertise to develop cyber resilience

By Contributor
Fri 14 Sep 2018
FYI, this story is more than a year old

Article by Accenture A/NZ operations lead Jordan Griffiths and Accenture Australia security lead Joseph Failla

As more Australian organisations progress to cloud-based operating models, the opportunity for mass-scale, targeted cyber attacks looms as a very real threat.

With the number of targeted cyber attacks doubling in the last year – PageUp and HealthEngine among this year’s major breaches –  research from analyst firm Accenture shows Australian organisations are recognising the impact of cyber attacks, and making strides to improve cyber resilience and perform better under pressure.

According to the study, Australian organisations are now preventing 80% of all targeted attacks, but they still face two to three security breaches a month.

The research also found that 90% of respondents expect their organisation’s overall investment in cybersecurity will increase in the next three years.

As the number of attacks nearly doubles, to 144 in 2018 from 80 in 2017, monitoring, detection and prevention will become critical to achieving cyber resilience.

The key question for Australian organisations is, are they making the right investments in their operations when it comes to security?

Prevention better than cure? 

To defend and empower organisations, leaders need to combine expertise from a security and operations perspective to keep up with the constantly evolving threats and risks.

Australian organisations who do so will have the ability to rapidly scale security and compliance operations to achieve efficiency and drive business outcomes.

Chief Information Security Officers (CISOs) have a vital role to play in transforming infrastructure security with the help of emerging technologies.

But if their cybersecurity strategy is to have an impact, they should step outside their comfort zones (e.g., compliance audits, cyber technology) and engage with enterprise leadership on a day-to-day basis.

Doing so would require security executives to make the case in business terms that the cybersecurity team is critical in protecting and extending company value.

Australian organisations who take full advantage of advanced technologies and risk management models will reap these benefits:

Industrialising security operations

Australian organisations who combine expertise from security and cloud will industrialise their security operations.

By implementing repeatable, robust and intelligent operations, organisations can achieve lower client operating costs with industrialised services, knowledgeable resources, and a scalable infrastructure. 

Achieving efficient execution

In addition, combining expertise will enable Australian organisations to efficiently execute their security operations, through robotics and automation.

By making a significant investment in robotics and intelligent systems, Accenture believes organisations will be able to drive human error rates from 20-30% to under 1%.

Doing so will also result in automation becoming standard.

In addition, organisations gain immediate benefits from sourcing models that rapidly scale their security capabilities in a flexible, as-a-service delivery modality.

When organisations deliver capabilities that are highly scalable, delivered at speed, and accurate – organisations are able to “learn” from the results immediately, in real-time.

Furthermore, organisations can also identify surface threats within 24 hours versus months, making the process significantly more efficient than before.

Delivering business outcomes

Not only does combining expertise achieve efficient execution, it also assists Australian organisations to deliver key business outcomes, such as mitigating risk, predicting security outcomes and reducing costs.

The combination of multiple, comprehensive services helps organisations manage risk.

The fusion of critical capabilities (monitoring, incident response, threat hunting and threat intelligence applied) with leading technologies (analytics, machine learning and AI) will accelerate the detection, containment and investigation of low visibility (but high sophistication) security threats.

Australian organisations are facing a growing number and increasing sophistication of cyber attacks, all the while struggling to achieve consistent security operations.

While Australian organisations have made some progress in preventing cyber-attacks, there is still more work to do.

Prioritising where to focus resources to adequately protect their organisations’ IT infrastructure from cyberattacks is a challenge for many organisations. 

This is further exacerbated as a result of having an increased number of ecosystem partners involved in the value chain.

To conclude, CISOs and their security teams should: 

  • Define security strategy aligned with the new world.
  • Update data policies to align to ever-changing legislation and risk levels while being balanced so that can be implemented.
  • Check security control frameworks and ensure that operations data protection plans are in place, particularly protecting the most critical and accessible data.
  • Check end-to-end compliance and controls across the supplier network to assess compliance and ability to respond to threats.
  • Leverage innovative technologies and combine expertise from security and operations, so that can rapidly scale security and compliance operations.
  • Conduct penetration testing regularly and test the operational processes for mitigating and dealing with threats.
  • Adjust operating model and training so that everyone ‘thinks security’ to drive cyber resilience.
Related stories
Top stories
Story image
ABI Research
75% of 5G networks to advance to 5G-Advanced by 2030 
5G-advanced is set to launch in 2025, and 75% of 5G networks will upgrade by 2030, according to ABI Research. 
Story image
Ransomware
Examining the future of ransomware threats with Vectra’s CTO
As customers' valuable data move to the cloud, so will ransomware. What is the current landscape and what do we need to know?
Story image
Apple
Your tools, your choice: why allow employees to choose their own devices?
Jamf Australia says giving your team the freedom to work with their digital device of choice could help to attract and retain top talent in a tight labour market.
Story image
Security Information and Event Management (SIEM)
LogRhythm updates SIEM Platform with latest innovations
LogRhythm has announced the launch of version 7.9 of the LogRhythm SIEM Platform and updates to LogRhythm NDR and LogRhythm UEBA.
Story image
Internet of Things
ManageEngine wins big in IDC MarketScape assessment
ManageEngine's Endpoint Central service has been recognised as a leader by IDC MarketScape in several categories including Internet of Things device deployments and UEM software for SMEs.
Story image
Cybersecurity
Video: 10 Minute IT Jams - An update from CrowdStrike
Scott Jarkoff joins us today to discuss current trends in the cyber threat landscape, and the reporting work CrowdStrike is doing to prevent further cyber harm.
Story image
Solutions
Progress launches latest version of network visibility solution
In Flowmon 12 network solution, Progress has expanded its support for public cloud provider flow log monitoring and launched new features.
Story image
Cybersecurity
Email threats spike 101%, remains a top attack vector
"Each year we see innovation in the threat landscape, but each year email remains a major threat to organisations."
Story image
Compliance
SentinelOne integrates with Torq to empower security teams
"With Torq, security teams can extend the power of SentinelOne to systems across the organisation to benefit from a proactive security posture.”
Story image
Document Management
NZ's FileInvite raises $10M in latest investment round
FileInvite has raised $10 million in Series A investment to fast-forward the extinction of email for requesting and collecting documents online.
Story image
Cybersecurity
How organisations can mitigate IoT and IIoT security risks
IoT and IIoT come with inherent risks because they are often deployed faster than they can be secured, putting organisations in danger of cyber threats. Here are tips on how to mitigate those risks.
Story image
Cyber Criminal
Identity and access: the fight is on
Blue team defenders are used to protecting our data, applications, and users with access controls and other security mechanisms, which is why attacks like this are especially challenging when they target identity and access control systems.
Story image
Documentation
Adobe study finds lack of digital trust and utilisation in Australian Government agencies
New research commissioned by Adobe has revealed a significant lack of digital trust within Australian Government departments, along with the continued underutilisation of key digital processes.
Story image
Cybersecurity
Security driving customer identity & access management adoption
"CIAM allows businesses to embed a secure identity layer into their consumer and SaaS applications, facilitating secure, seamless end user experiences."
Story image
Cybersecurity
Zscaler launches co-located data centres in Canberra and Auckland
The investment will offer public and private sector enterprises greater resilience in support of their zero trust cybersecurity posture.
Story image
Payroll
How New South Wales state departments achieved cloud migration success
State departments in New South Wales are heading to the cloud to achieve better workflow solutions, and one company is paving the way for their success.
Story image
Artificial Intelligence
Eight top DevSecOps trends to support IT innovation in 2022
The use of DevSecOps practices is growing, as it is increasingly seen as the best way to produce high-quality and secure code. So what are the current trends?
Story image
Enterprise Resource Planning / ERP
Five ways your ERP is letting you down and why it's time for a change
Wiise explains while moving to a new system may seem daunting, the truth is that legacy systems could be holding your business back.
Story image
WatchGuard Technologies
Ransomware volume doubled 2021 total by end of Q1 2022
Ransomware detections in the first quarter of this year doubled the total volume reported for 2021, according to a new report. 
Story image
Cybersecurity
FIDO Alliance releases guidelines for optimising UX with FIDO Security Keys
The new guidelines aim to accelerate multi-factor authentication deployment and adoption with FIDO security keys.
Story image
Artificial Intelligence
Vectra AI named as AWS security competency partner
Threat detection and response company Vectra AI has announced that it has become an Amazon Web Services Security Competency Partner.
Story image
Vendor
Forescout reveals top vulnerabilities impacting OT vendors
Forescout’s Vedere Labs has disclosed OT: ICEFALL, naming 56 vulnerabilities affecting devices from 10 operational technology vendors.
Story image
Cybersecurity
Delinea’s Joseph Carson recognised with OnCon Icon Award
Delinea chief security scientist and advisory CISO Joseph Carson has been recognised as a Top 50 Information Security Professional in the 2022 OnCon Icon Awards.
Story image
Compliance
Stock security features inadequate in face of rising risk
"Organisations must proactively find ways of identifying unseen vulnerabilities and should take a diligent, holistic approach to cybersecurity."
Story image
Cybersecurity
Zero trust security adoption rises 27% in just two years
A survey of WAN managers has revealed that multi-factor authentication and single sign-on are the top zero trust features implemented.
Story image
Digital Transformation
What CISOs think about cyber security, visibility and cloud
Seeking to uncover the minds of CISOs and CIOs across Asia Pacific, my company recently asked Frost & Sullivan to take a snapshot of cloud adoption behaviour in the region.
Story image
Apple
Jamf introduces new content filtering solution for education providers
Jamf has announced the launch of Jamf Safe Internet, a new offering that looks to deliver a safe online experience to students while offering better management options for admins.
Story image
Cybersecurity
Tech and data’s role in the changing face of compliance
Accenture's study found that 93% of respondents agree or strongly agree new technologies such as AI and cloud make compliance easier.
PwC
PwC's Consulting Business and PwC's Indigenous Consulting are proud to play an important role in helping Australian Indigenous Mentoring Experience build IMAGI-NATION, a free online university for marginalised communities around the world.
Link image
Story image
Artificial Intelligence
Juniper study reveals top AI trends in APAC region
Juniper's research shows an increase in enterprise artificial intelligence adoption over the last 12 months is yielding tangible benefits to organisations.
Story image
Cybersecurity
Palo Alto Networks' cloud security platform receives IRAP assessment
"We provide help protect all forms of compute, cloud native services and access to data within public and private sectors."
Story image
Media
Registrations for the W.Media Sydney Cloud and Datacenter Convention 2022 now open
Are you a C-Level executive looking to enhance your knowledge in the cloud and data center space in order to get the best results for your company?
Story image
Cloud Security
Palo Alto Networks bolsters cloud native security offerings
Latest Prisma Cloud platform updates help organisations continuously monitor and secure web applications with maximum flexibility.
Story image
Tech job moves
Tech job moves - Bitdefender, Cohesity, Fortinet & MODIFI
We round up all job appointments from June 27-30, 2022, in one place to keep you updated with the latest from across the tech industries.
Story image
MSP
Video: 10 Minute IT Jams - An update from CyberArk
Olly Stimpson joins us today to discuss the importance of MSP programmes and how MSP partners are experiencing success with CyberArk.
Story image
Document Management
Regaining digital trust and enhancing digitisation in Australian Government agencies
Having a digitised ecosystem of documents, tools and data can help bolster security, improve workflow and ultimately create better services.
Story image
State Library of Victoria
State Library of Victoria entrusts Oracle support and security to Rimini Street
“Our finance team are very happy with the support and security that Rimini Street provides, which keeps our assets and our customers secure."
Story image
Cybersecurity
Without trust, your security team is dead in the water
The rise of cyberattacks has increased the need for sound security that works across any type of business, but with any change, buy-in is essential. Airwallex explains why.
Story image
Digital Fingerprint
Decline in counterfeit cherries after digital fingerprinting
Reid Fruits says there’s been a dramatic decline in counterfeit products for its cherries over the past three export seasons to Asia because of digital fingerprinting.
Story image
HP Inc
Firmware attacks significant threat in age of hybrid work
Changing workforce dynamics are creating new challenges for IT teams around firmware security, according to new research.
Story image
SaaS
Ping Identity appoints Deloitte Australia as a partner
Ping Identity has appointed Deloitte Australia as a Consulting Technology Partner, uniting its offerings with the company's consulting services.
Story image
Ransomware
Businesses unprepared to defend against ransomware attacks
Ransomware attacks continue to impact organisations worldwide with high costs, but businesses are still largely unprepared.
Story image
Research
New study reveals 51% of employees using unauthorised apps
The research shows that 92% of employees and managers in large enterprises want full control over applications, but they don't have it.
PwC
WSLHD and PwC’s Consulting Business came together to solve through the challenges of COVID-19. A model of care was developed to the NSW Health Agency for Clinical Innovation guidelines with new technology platforms and an entirely new workforce.
Link image