Australian firm DSI expands global cyber standard SMB1001

Dynamic Standards International (DSI), previously known as Cyber Security Certification Australia, has announced its expansion into international markets, introducing a globally focused cybersecurity standard, SMB1001.

The Australian organisation has noted increased demand for the SMB1001 standard from small to medium-sized businesses (SMBs) internationally. This demand has pushed DSI to venture beyond Australian shores, with the international certification of the SMB1001 standard set to begin on 1 January 2025.

DSI specialises in developing "dynamic" standards that are certifiable, progressively tiered, and updated yearly to align with the rapid advancements in technology and regulatory frameworks. These standards seek to complement existing global standards, which may be too complex or costly for SMBs to adopt and often take several years to be updated.

The SMB1001 standard aims to provide a clear and straightforward certification pathway, facilitating SMBs in enhancing their cybersecurity practices in alignment with international frameworks. This is especially significant given the evolving landscape of cybersecurity challenges that these businesses face.

Professor Ryan Ko, Co-Founder of DSI, highlighted the strategic move to an international standard due to growing demand for pragmatic cybersecurity certification across regions including the Americas, Singapore, New Zealand, and the South Pacific.

"Dynamic Standards International is proud to be part of the legacy of Australian companies contributing to global tech innovation," Professor Ko said. "Our move to an international standard was in response to strong drive to build resilience against cybercrime in an accessible and trusted way."

With cyber threats on the rise globally, the Australian Signals Directorate has reported that such threats cost Australian businesses up to AUD $97,000 annually. Cybersecurity Ventures forecasts the global cost of cybercrime to reach USD $10.5 trillion by 2025.

"DSI is at the forefront of helping SMBs \\u2013 the backbone of most economies \\u2013 to strengthen their cybersecurity resilience in the face of increasing global threats," Professor Ko remarked. "We're focused on giving businesses a solution to grow and pace their cyber maturity according to their contexts. By improving their resilience, DSI helps SMBs safeguard sensitive data and operate with confidence in the global economy."

In line with its global aspirations, DSI has expanded its Standards and Certification Oversight Board to include industry and government leaders from the Americas and the EMEA regions. This expansion seeks to bolster the development of its robust dynamic standards.

"Our success lies in the expertise and experience provided by our Steering Committee and the Standards and Certification Oversight Board. We look forward to welcoming experts from across America, Canada and Europe to advise on the next generation of standards to help manage the increased threat of cybercrime globally," Professor Ko stated.