Security spotlight: The cost of human error and the advantages of automation
Why organisations are reconsidering manual approaches to managing security, and how intelligent automation helps to prevent potential threats from slipping through costly cracks.
Cybercrime is on the rise
Cybercrime is rife right now. As companies embrace digital transformation and adapt to hybrid models of work, cyber attackers are on the move, too. One can almost hear them rubbing their hands together at the prospect of invading this rapidly evolving landscape. The cost to business is growing fast and, even within organisations with seemingly watertight cybersecurity strategies in place, risks abound.
Last financial year, the Australian Cyber Security Centre received over 67,500 reports of cybercrime – a rise of 13 year on year – with self-reported losses totalling over $33 billion. Of these incidents, roughly one quarter of them affected entities associated with Australia’s critical infrastructure.
Outwitting the cybercriminals
As cybercriminals become craftier, organisations must become smarter about how they handle cybersecurity. In fact, there’s growing pressure on organisations to comply with more comprehensive rules and regulations when it comes to data security and privacy.
For example, most Australian federal government agencies must now comply with the ACSC Essential Eight risk mitigation strategies. And the proposed Security Legislation Amendment (Critical Infrastructure Bill) 2020 (Cth) may increase the regulatory burden on any organisation that deals with critical infrastructure – from communications and financial services companies, to food and grocery providers.
Shoring up your defences
The best place to start with cybersecurity? Looking at where existing flaws lie. Too often, even with the strongest cybersecurity strategies in place, human error gets in the way of compliance. Small mistakes lead to huge holes in your system, and this is where the cybercriminals get through. It’s why organisations are now looking to automate as much of their security strategy as possible.
In this report, we’ll explore the human-induced risks in the fight against cybercrime and show how automating key cybersecurity risk mitigation strategies helps remove the burden on IT while shoring up your overall defences.