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Cyber security is firmly on the critical path for digital enterprises, with board-level accountability and one of the most challenging obstacles facing executives. Many companies do not have the appropriate safeguards or policies and procedures in place.
Cyber criminals are becoming more and more sophisticated and we are seeing an increased number of threats each day, which can easily cripple your business. While our cyber adversaries are becoming more adept, the likelihood and severity of cyber-attacks is also increasing due to our growing dependence on new information technology platforms and interconnected devices and systems.
Criminals are carrying out attacks simultaneously to exploit or steal from as many victims as possible. The Australian Cyber Security Centre responds to hundreds of cyber security incidents each year. Many of these could have been avoided or substantially mitigated by good cyber security practices. Over the past 12 months, Australia has faced a 15% increase in ransomware attacks reported to the Australian Cyber Security Centre.
During the height of the COVID-19 pandemic in 2020, ransomware campaigns targeted Australia’s aged care and healthcare sectors. The ‘Maze’ ransomware encrypted valuable information, such as sensitive personal and medical information, so that it could no longer be used. This reckless activity
threatened the operation of health facilities and caused very real health and safety risks to our community. These incidents demonstrate the importance of strong cyber security, particularly in the protection of critical infrastructure.
Globally, it is estimated that there is a ransomware attack on a business every 11 seconds, with ransomware damage losses projected to reach US$20 billion in 2021 (1).
The good news is, the technologies, procedures and security controls necessary to reduce the risk of compromise, and help to prevent the most common tactics, techniques and procedures (TTPs) used by malicious cyber adversaries are availble.
Unfortunately many business owners and executives are unaware of the software they need to implement and the security controls they need to adopt, leaving them extremely vulnerable.
While cyber threats are global, we know that requirements vary locally and challenges are unique to each organisation. Through expert talent, deep technical and business knowledge, partnerships with leading security vendors, best practices and frameworks, we are committed to protecting our clients and educating them, working towards ensuring security controls are baked in, not just bolted on.
Virtualis provides clients with the expertise and capabilities required to implement and operate highly secure infrastructures to enahnce your resilience against the ever changing landscape of cyber threats.
(1) Ransomware: The True Cost to Business, A Global Study on Ransomware Business Impact, Cybereason, June 2021
It's ok to be worried, it's a scary thought to be attacked by a cyber criminal and have a security breach.
During the period 1 July 2019 to 30 June 2020. The Australian Cyber Security Centre (ACSC) responded to 2,266 cyber security incidents and received 59,806 cybercrime reports at an average of 164 cybercrime reports per day, or one report every 10 minutes.
The Australian Competition and Consumer Commission’s (ACCC) Targeting Scams 2019 report, identified Australians lost over $634 million to scams in 2019. While the true cost of cybercrime to the Australian economy is difficult to quantify, industry estimates have previously placed cyber security incidents as high as $29 billion annually.
Make every part of your business more cyber resilient.
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