Cyber security attacks and intrusions are on the rise all across Australia and New Zealand, according to leading reports. Although businesses across the Asia Pacific region are aware of the risks and the importance of cyber security and intrusion prevention, many companies are still failing to adequately protect their business infrastructure and data from breaches.
But what can businesses do to improve their cyber security, and what can we expect from cyber attacks in the future?
What the Statistics Say
According to data from a report last year, Australia is one of the most vulnerable countries in the world when it comes to cyber attacks. Since the introduction of the Notifiable Data Breaches (NDB) scheme in February of this year, there’s been a steady rise in the number of intrusions reported. The most commonly affected sectors are healthcare and finance.
Most worryingly, 59% of these breaches are coming from malicious attacks–meaning the number of targeted attacks by hackers against Australian businesses is on the rise. And with cyber attacks becoming increasingly more sophisticated, emerging security software and IT infrastructure are not immune.
How Attacks Are Affecting Australian Businesses
Australian businesses are seeing twice as many cyber attacks this year as compared to 2017. What’s more, 20% of businesses across New Zealand and Australia have experienced at least one breach across their emerging technologies. But are companies taking intrusion prevention and endpoint security seriously enough? The statistics say that perhaps they are not.
A 2018 State of Cyber Resilience study asked respondents how well their organisations were protected against cyber attacks and data breaches. The responses were alarming–on average, only 62% of any Australian business is actively protected by a cyber security program.
And, although IT departments are identifying attacks faster than ever before, they’re still only identifying just over half the attacks (57%) against them. What does this mean? On average, 25% of these attacks are successful, and one-third of attacks have no identifiable pattern–at least not for human staff to identify.
How Businesses Can Protect Themselves
The reality is that if you wait for a data breach, you’re already too late. By the time you identify the weakness and tackle the breach, there’s another intrusion on its way. Companies need sophisticated, proactive security solutions to keep their infrastructure and data safe and their reputations intact.
The Benefits of Managed Security Services
Cyber security services, like GA Systems, can manage and monitor a company’s security processes around the clock–an ability that most in-house IT staff in mid-sized companies simply don’t have. Managed security services have the resources to:
- Identify complex, evolving cyber security threats, including ransomware and malware
- Advise businesses on how to stay compliant with ever-changing data protection and cyber security legislation
- Audit your existing processes and breach management to ensure it is robust enough to handle your operations
- Advise you on scaling your security to suit your evolving business needs and IT infrastructure expenditure
Managed security services such as GA Systems can access state-of-the-art intrusion prevention to ensure your endpoint management and firewalls are comprehensive. Most importantly, we can identify threats before they penetrate your systems and act immediately to resolve incidents.
There’s no more waiting around for a threat to become obvious–continued monitoring of internal and external security control points ensures round-the-clock protection.
The reality is that cyber security attacks are on the rise and there are no signs of them slowing any time soon. Australian businesses must be aware of the potential impact of data security breaches on their company’s reputation, and ultimately their finances. To ensure that your security needs are met, contact us today for more information on our services.