List News Articles

A new global study by IBM Security has found that not only do data breaches cause more financial damage than businesses would like to admit, they are also generally difficult and expensive to manage.

We’d all like to think road safety messages have started to sink in for Australian drivers. The majority follow the rules by sticking to the speed limit, obeying traffic signs and ignoring phones and other hand-held devices while behind the wheel.

There’s nowhere left to hide. Now that the notifiable data breaches (NDB) scheme and EU general data protection regulation (GDPR) legislation are forcing companies to reveal the true extent of their data-security deficiencies, takeup of cyber insurance is surging as businesses weigh up the very real financial risk of non-compliance.

Australian businesses are becoming increasingly reliant on digital technologies. At the same time, cyber crime is booming, costing the Australian economy an estimated $4,500,000,000 annually (yes, that's billion with a B).

Small and medium sized businesses (SMBs) are the commercial entities most impacted by data breaches but also the group most tricky to persuade about the benefits of cyber insurance.

To be more cyber resilient, organisations not only need to have the ability to assess cyber risk and have a protection plan, they must also be able to quickly – and successfully – recover and respond in the event of a cyber incident.

Improper use of heaters can have devastating consequences for Australians.

Another major firm has made it known that its customers’ personal information may have been compromised due to a data security incident involving a third-party supplier.

  A RUSH of insurance claims from Hobart’s catastrophic storms has pushed the damage bill above $100 million.Claims for private property have reached nearly $81 million, a jump of more than $35 million in the past two weeks.  

Australian organisations should be looking at their ICT security as part of their planning process for the new financial year - and making sure they have adequate ICT security measures in place for networks, data and devices for the next 12 months and beyond.