Story image

It's about time Australian businesses invested in cyber security

17 May 16

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.

Cofense launches MSSP program to provide phishing defence for SMBs
SMBs are highly susceptible to phishing attacks, and often lack the resources necessary to stop advanced threats
Hillstone CTO's 2019 security predictions
Hillstone Networks CTO Tim Liu shares what key developments could be expected in the areas of security compliance, cloud, security, AI and IoT.
Can it be trusted? Huawei’s founder speaks out
Ren Zhengfei spoke candidly in a recent media roundtable about security, 5G, his daughter’s detainment, the USA, and the West’s perception of Huawei.
Oracle Java Card update boosts security for IoT devices
"Java Card 3.1 is very significant to the Internet of Things, bringing interoperability, security and flexibility to a fast-growing market currently lacking high-security and flexible edge security solutions."
Sophos hires ex-McAfee SVP Gavin Struther
After 16 years as the APAC senior vice president and president for McAfee, Struthers is now heading the APJ arm of Sophos.
Security platform provider Deep Instinct expands local presence
The company has made two A/NZ specific leadership hires and formed several partnerships with organisations in the region.
Half of companies unable to detect IoT device breaches
A Gemalto study also shows that the of blockchain technology to help secure IoT data, services and devices has doubled in a year.
Stepping up to sell security services in A/NZ
WatchGuard Technologies A/NZ regional director gives his top tips on how to make a move into the increasingly lucrative cybersecurity services market.