Story image

It's about time Australian businesses invested in cyber security

17 May 2016

Cyber crime costs Australia upwards of a billion dollars every year, and many large companies have been the target of malicious attacks, including Kmart, David Jones, the Australian Bureau of Meteorology, The Royal Melbourne Hospital and Australian Government Parliamentary Services. 

However, many Australian businesses also fail to publicly acknowledge that they have been breached, meaning this figure may well be higher. Indeed, the Australian Signals Directorate was called in to review more than 1,200 cyber attacks last year, up from 940 in 2014, while at least 60 attacks plagued Australian energy networks in 2014-2015.  

“It only takes one vulnerable host to infect an entire network. Yet according to Check Point research, 96% of the organisations we recently studied use at least one high-risk application,” says David De Laine, Check Point Software Technologies regional managing director for Australia and New Zealand.

Last month, the Australian Government announced a $230 million Cyber Security Strategy including free security health checks for ASX 100 companies and $15 million in small business grants to help enterprises test cyber security.  

The Australian Information Security Association asserts that there are around 200,000 small-to-medium sized businesses (SMBs) in Australia in need of cyber security protection assistance and believes that the issue of cyber security needs be a strategic business priority. De Laine says, “Cloud computing, mobility and the Internet of Things are megatrends which are reshaping the IT infrastructures used by many organisations. Finding ways to maintain proper security as the diversity of technologies continues to grow rapidly is becoming an increasing challenge.  

“External data sources, cloud platforms and mobile devices all provide valuable services, but they also create new potential avenues for intrusion. Each and every endpoint is a potential door into an organisation's IT systems and data, and hackers only need to open one to wreak havoc."   “In a world with high-demanding IT infrastructures and networks, where perimeters are no longer well defined, and where threats grow more intelligent every day, we need to define the right way to protect enterprises in the ever changing threat landscape.    “The benefits of having a free security check up provide organisations with the knowledge that core systems and data will remain secure at all times,” he says.

Aerohive launches guide to cloud-managed network access control
NAC for Dummies teaches the key aspects of network access control within enterprise IT networks and how you can secure all devices on the network.
Sungard AS named DRaaS leader by Forrester
It was noted for its disaster-recovery-as-a-service solution’s ability to “serve client needs at all stages of their need for business continuity.”
Gartner: The five priorities of privacy executives
The priorities highlight the need for strategic approaches to engage with shifting regulatory, technology, customer and third-party risk trends.
emt Distribution adds risk intelligence vendor
Flashpoint has signed emt Distribution to provide channel partners in Oceania and South East Asia a solution for illicit threat actor communities.
CrowdStrike: Improving network security with cloud computing solutions
Australian spending on public cloud services is expected to reach $6.5 billion this year according to Gartner
Thycotic debunks top Privileged Access Management myths
Privileged Access encompasses access to computers, networks and network devices, software applications, digital documents and other digital assets.
Veeam reports double-digit Q1 growth
We are now focussed on an aggressive strategy to help businesses transition to cloud with Backup and Cloud Data Management solutions.
Paving the road to self-sovereign identity using blockchain
Internet users are often required to input personal information and highly-valuable data from contact numbers to email addresses to make use of the various platforms and services available online.