Cyber security comprises technologies, processes and controls that are designed to protect systems, networks and data from cyber attacks. Effective cyber security reduces the risk of cyber attacks, and protects organisations and individuals from the unauthorised exploitation of systems, networks and technologies. Cybersecurity is the protection of internet-connected systems, including hardware, software and data, from cyberattacks. A padlock superimposed over a blue circuit board pattern.
The core functionality of cybersecurity involves protecting information and systems from major cyberthreats. These cyberthreats take many forms (e.g., application attacks, malware, ransomware, phishing, exploit kits). Unfortunately, cyber adversaries have learned to launch automated and sophisticated attacks using these tactics – at lower and lower costs.
Cybersecurity computer security or IT security is the protection of computer systems from theft of or damage to their hardware, software or electronic data, as well as from disruption or misdirection of the services they provide. Cybersecurity includes controlling physical access to system hardware, as well as protecting against harm that may be done via network access, malicious data and code injection. Also, due to malpractice by operators, whether intentional or accidental, IT security personnel are susceptible to being tricked into deviating from secure procedures through various methods of social engineering.
Cybersecurity solutions are used to secure the network infrastructure and the devices connected through it. The growing popularity of digitalization has impacted organizations to rely on the digitized information increasingly. Sharing a vast amount of data in an external and internal environment as well across the globe have made organizations prey to cybercrime through the different forms of attack. A successful cyber-attack can harm the enterprise as well the reputation and brand of a company. Cybersecurity refers to a set of techniques used to protect the integrity of networks, programs and data from attack, damage or unauthorized access.
Email fraud is nothing new, but online criminals have become ever more-effective at spoofing their identities to trick employees into sending them money. The Australian Centre for Cyber Security (ACSC) recorded losses of over $20M to business email compromise (BEC) attacks last year alone, up 230 percent over the previous year – and the full amount is certain to be much larger.
Cybersecurity Insights - Attack
No matter how robust your security, or how diligent your employees, network credentials are a free pass for cybercriminals. This is mostly because employees are relied upon for their own password management. And with more than 4.8 billion sets of stolen credentials said to be available online, odds are that at least a few of your employees’ user IDs and passwords are just waiting to be used by unscrupulous outsiders. Are you ready to stop them?
Cybersecurity Insights - People
Cyber resilience will be particularly important as Australian organisations face increased pressure to quickly detect, respond to, and manage the repercussions of breaches in the wake of 2018’s Notifiable Data Breaches (NDB) scheme.