CW ANZ March 2017: Take cover from cyber threats

CW ANZ March 2017: Take cover from cyber threats


Estimates of demand for cyber insurance from Australian organisations range between 3% and 14%. The lack of mandated data breach notification and the slow progress to bring this in is often given as a reason for the lack of take-up of cyber insurance in Australia.

It certainly isn’t a lack of cyber attacks. Australia is, in fact, making cyber security headlines for the wrong reasons. For example, late in 2016 NAB admitted it had accidentally sent the personal details of 60,000 customers to the wrong website. And 2017 has already seen Australia in the news as a victim of cyber attacks, with Australian websites defaced by Tunisian Islamist hacktivists and one state’s human rights commission website hit by hacktivists. 

But these are the very public tip of the iceberg. In its 2016 Threat Report, the Australian Cyber Security Centre noted that there had been 1,095 serious security incidents affecting government systems, and 14,804 affecting private business during the 12 months to the end of June.

Also in this issue:

Meet IoT security challenges head-on: Securing internet-connected devices should be a priority for IT leaders. We pinpoint the key areas that need to be targeted.


TechTarget ANZ
10 Mar 2017
09 Mar 2017
12 Page(s)
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