Business IQ

Breaking down the Telstra Cyber Security Report 2016

Nathanael Peacock
Technology Journalist

Nathanael Peacock is a tech, digital and entertainment writer

Nathanael Peacock
Technology Journalist

Nathanael Peacock is a tech, digital and entertainment writer

Every year the Telstra Cyber Security report looks at the most pressing security issues facing Australian businesses today – from the smallest corner stores to the biggest high-rises. We spoke to Telstra’s Director of Security Practice to get some insights on the report and what it means for Australia.

corner of the globe with blue lines connecting areas

While connectivity and technology are expanding and developing every day, the Internet Of Things is helping businesses across Australia be more mobile, spreading their influences internationally.

Telstra’s Cyber Security Report 2016 examines the statistics concerning cyber threats in Australia over the past year. It showed that 23 per cent of organisations experienced a business interrupting breach in an average month. This was coupled with the continued growing threat of ransomware, and the potential risks associated with international expansion and adoption of cloud services.

In the articles below, we’ve gathered together some of the most crucial elements of the report, and explored what these mean for Aussie business – breaking down what your business can do to stay connected and safe in the digital world.

Planning for the future

Cyber security isn’t an IT concern anymore, but should be managed like any other part of the business. Senior managers and board members need to be aware of security protocols and escalation procedures.

Planning your security procedures is the first step to keeping your business safe in the case of a breach.

As your business grows, you may be looking to expand internationally. Being aware of the security requirements overseas and how to protect your data in transit is essential.

The cyber threat dictionary

Cyber attacks are becoming increasingly more common as devices connect to the Internet Of Things. Every connected device is a possible entry point to your protected data and business details.

We aren’t just protecting against viruses anymore, today we need to be aware of malware, ransomware, phishing, and more.

Every member of your staff needs to be aware of the possible threats, and be familiar with how your business prepares your network defences. 

The cyber crimes you need to know about

Espionage isn’t just for movies, and cyber activism doesn’t have to be a guy in a darkened basement. Understanding the types of cyber crime prevalent today is the best way to understand how your business needs to be protected.

Traditionally, big businesses were seen as targets for cyber crime due to their large client lists and big bank accounts. But today every small business could be seen as an easy target for information and data theft.

Learn about the different cyber crimes and the effect that they can have on your business so that you are prepared to protect and react to save your data if needs be. 

Being secure in finance

Protecting businesses and customers’ personal financial information is a huge issue that touches most of Australia – and the finance industry deals with some of the most highly protected data the world over.

Past years have seen cyber attacks target credit cards and debit cards, but this year the trend has swung toward the theft of personal information and identity details. As this data becomes more heavily digitised and easily shared, identity protection becomes even more of an issue.

By being aware of how to keep not only your data safe, but the data of your business too, your employees and your customers can ensure you steer clear of problem areas.

Read "Why Modern Finance Needs To Think Security"
Want to read the full report?

Check out Telstra’s Cyber Security Report 2016.

Find Out MoreWant to read the full report?

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