cybersecurity

Businesses need to take a proactive approach to cyber security, says Votiro CEO
As business attitudes towards cyber security mature, the software itself is getting smarter. Which-50 spoke to Itay Glick, the CEO of cyber security company Votiro and a former member of Israel Cyber Intelligence Unit, about the increasing importance of cybersecurity, why Australian organisations “need to do better” and how they

Cover Story: Why Australia’s New Data Breach Laws ‘Miss the Mark’
The Australian Notifiable Data Breaches scheme comes into effect this week — a new set of rules that will force businesses to be more honest with consumers. But, with the scheme about to commence, critics argue the laws have serious shortcomings for both consumers and businesses, and Australia may have

How identity data is turning toxic for big companies
Google might be in trouble for collecting the personal data of its users, but many companies have a growing incentive to rid their hands of the data that users entrust them with. This is because of growing costs of holding onto it. A major cause is the rising number of

Cyber attacks a threat to electricity supply: Report
Distribution utilities are adept at recovering from adverse weather or asset failure but remain vulnerable to cybersecurity attacks, according to an Accenture report. Almost two-thirds (63 per cent) of utility executives believe their country faces at least a moderate risk of electricity supply interruption from a cyberattack on electric distribution

One per cent of GDP impacted by cybercrime
Cybercrime could be costing Australian businesses as much as $1 billion in direct costs, and impact as much as one per cent of GDP a year — or about $17 billion — according to the Australian Crime Commission. The problem is exacerbated by significant misalignment between corporate and IT leadership

Poor cybersecurity practice puts trillions of dollars at risk over the next decade: McKinsey & Co.
Up to $US21 trillion worth of economic value creation could be put at risk unless robust cybersecurity regimes are developed and adopted, according to a new paper by McKinsey & Company. Authored by Tucker Bailey, Andrea Del Miglio, and Wolf Richter, the paper — called “The rising strategic risks of