Cybersecurity Resilience Top Priority for 96% of Australian Companies
Cybersecurity resilience has emerged as a top priority for Australian companies, with 96% of executives surveyed placing it high on their agenda. This shift is driven by a rapidly evolving threat landscape and the severe repercussions of security incidents, as highlighted in the Cisco Security Outcomes Report, Volume 3.
The report reveals that 70% of organisations have experienced a security event impacting business in the past two years. These incidents have led to severe consequences such as IT/communications interruption, supply chain disruption, impaired internal operations, and lasting brand damage. The leading types of security incidents were network or system outage, network or data breach, accidental disclosure, and DDoS attack.
To build security resilience, companies must focus on seven key success factors. These include strong support from the C-suite, an excellent security culture, extra incident response staffing, minimising hybrid cloud complexity, implementing Zero Trust, advanced detection and response solutions, and converging networking and security. The main objectives of security resilience are to adapt to unexpected external changes, prevent major security incidents, and mitigate financial losses.
Australian company leaders excelling in cybersecurity resilience adopt proactive security measures, integrate security into business strategies, and invest in continuous monitoring and response capabilities. They understand that security resilience is not just an IT issue but a critical business priority.
In today's dynamic threat landscape, Australian companies are recognising the importance of cybersecurity resilience. With 96% of executives considering it a high priority, the focus is on proactive measures, robust strategies, and continuous monitoring. By embracing seven key success factors and learning from past incidents, Australian businesses can enhance their security resilience and mitigate potential risks.
