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.
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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.
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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.
Brokers looking to help their corporate clients reduce the risk of a cyberattack may want to focus on the importance of hindsight after a recent study showed many business leaders feel they could be better at learning from past mistakes.
A home has been flooded with water after a dam burst in Melbourne’s north this afternoon, as the city shivers through a brutal cold snap.