As business’s reliance on data and use of emerging technology increases, so too does the cybersecurity threat.
And while cybersecurity threats have existed since the first internet connection, the more recent shift to data driven business and new interconnected devices means the potential for an attack has increased, according to cybersecurity firm Red Piranha.
“As we generally connect more devices to our networks and the internet we’re increasing that attack surface. So the complexity of defence needs to grow,” a spokesperson for Red Piranha told Which-50.
That increased threat, coupled with recent regulation changes across the western world, means cybersecurity is now a board room topic and the c-suite needs to collaborate on the issue, according to the spokesperson.
“Boards now can no longer just blame it on IT companies. They need to asses this risk at a senior management and director level. From that they need to be involved in that [cybersecurity] process. No longer can they just palm it off to the IT company. Because it’s not IT’s issue, it is a business issue.”
Indeed global and local research suggests cybersecurity is moving up board’s agendas. However, the majority of Australian executives aren’t dealing with the issue directly. Just 19 per cent of Australian organisations’ cyber security programs are dealt with by top-level executives and board members, according to industry body AustCyber.
Red Piranha is founded and led by a former Anonymous hacker who was convicted in 2016 for their role in the illegal hacking of several Australian websites. For this and other reasons Which-5o has chosen not to name the Red Piranha founder.
“I’ve always been an open source and privacy advocate,” the founder said.
“That was my involvement in Anonymous. Anonymous truest form was about privacy online. Effectively for me it was a fight for people’s right to stay anonymous online. Privacy is not just about hiding, it’s about consent.”
The now cybersecurity firm executive welcomed how governments had responded since the groups initial activism. Saying new regulations were better reflecting peoples sentiments toward data protection and privacy. However, they said the passion that spurred their involvement with antonymous remains.
“I think for me the passion is still there. It is about defending and protecting that data, and making people aware of what needs to be done and helping with that processes.”
The cyber threat is particularly dangerous for SMEs, which lack the resources to withstand major attacks or data breaches, according to the Red Piranha spokesperson. In response, the Australian company has developed a new Unified Threat Management solution, named Crystal Eye.
The solution is offered as a one stop shop for SMEs which had previously been forced to rely on an “overpriced” piecemeal approach often involving several vendors and products, each requiring their own level of management and expertise, according to the Red Piranha spokesperson.
“The product was really born out of frustration about what was available at that point in the SME space. It was really underpowered and underperforming.”
Crystal Eye is also the first to keep security data onshore, according to the company.
“All the [other] products currently on the market in this space are foreign owned. Generally by two different regions,” the spokesperson said.
That foreign ownership creates two major problems according to the Red Piranha chief. Firstly, it restricts growth of the local industry and restricts its human resource capabilities. Secondly the “threat intelligence” collected by software products is sent and stored overseas meaning the Australian industry misses the opportunity to utilise it.
“By keeping [the data] onshore you’re allowing that threat intelligent to be accessed easily by partners in the country. You’re allowing defence then to be implemented across the board in the country from that threat intelligence.”