The Facebook Cambridge Analytica scandal demonstrated how data security breaches can impact an organisation, but it is not just large scale projects that can put a company at risk. An employee can set off a security breach by accidentally emailing a file to the wrong person. All businesses need to put in place plans and procedures to minimise risk and protect their information.
Cybercrime has become a major problem in Australia, with over 114,000 reports of cybercrime registered with the Australian Cybercrime Online Reporting Network (ACORN) since 2014.
The handling of sensitive customer data in the digital world has become so important that the Federal Government has legislated mandatory data breach notifications, which started in February 2018.
Data security is a major issue in Australia and New Zealand, with cyber attacks on the rise and businesses vulnerable to having their data and their customers’ data accessed for nefarious purposes.
The global cost of cybercrime exceeded $600 Billion in 2017 and costs the Australian economy $4.5 billion annually. There have been over 114,000 reports of cybercrime registered with the Australian Cybercrime Online Reporting Network (ACORN) since 2014 and 23,700 were reported in one six month period in 2017.
In recent years, we’ve seen a dramatic rise in the sophistication, scale, and impact of cyber attacks. As companies strive to ensure their own, and their customer’s online safety, the repercussions of not doing so have increased. We look at a snapshot of the most prevalent cyber security threats today and solutions you can utilise to best protect your enterprise against the risk of attack in the future.
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