Cyber incidents are not a rarity, they are a rule. According to the ACSC’s Annual Cyber Threat Report (2021-2022), 76,000 cybercrime reports were made in Australia alone for that period. 

The enemy is no longer a curious teenager on his parents’ computer. Professional businesses are established for the sole purpose of eliciting funds and information from Western organizations and individuals, contributing funds to organised crime and international drug syndicates. In the case of nation-state actors, the target is often just as valuable – intellectual property that they might not otherwise have access to. 

Cybersecurity is the practice of hardening your policies, procedures, and technology to improve your security posture to a point where your business does not become the ‘easy target’.  

They say that prevention is better than cure. When it comes to a cyber breach there is no cure. Once the breach has occurred, the damage has been done. 

Fallout from a cybersecurity incident can include:

• Loss of sales revenue resulting from system outages; and 
• Loss of client trust in your brand.