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MEDIA ALERT: AUSTRALIAN BUSINESSES ILL PREPARED FOR CYBER ATTACKS

Announcement posted by Established Media 22 Jun 2020

89% of IT professionals say COVID has increased the risk to businesses

Sydney, Australia (22 June 2020) – Following Prime Minister Scott Morrison’s address on 19 June regarding the state-based cyber attack, please find the following cybersecurity research results from global, IT professional association, ISACA.

 

  1. Only 40% of technology professionals and leaders in Australia were highly confident that their cybersecurity teams were ready to detect and respond to the rising cybersecurity attacks occurring during COVID-19.
  2. 89% of respondents say the rapid transition to remote work has increased data protection and privacy risk.
  3. Prior to COVID-19, 64% of respondents in Australia believe their organisation’s cybersecurity teams are understaffed and 58% say they currently have unfilled cybersecurity positions on their team.
  4. 26% of respondents reported an increase in the number of attacks relative to a year ago
  5. 69% of professionals believe that enterprises are failing to report cybercrimes, even in situations where they have a legal or contractual obligation to do so. 

 

“In the wake of what is probably Australia’s biggest cyber attack, ISACA’s research has found the risk has never been higher for a cyber attack, given the recent economic crises our country has endured,” states Jo Stewart-Rattray, former ISACA Board Director and Director of Information Security & IT Assurance, BRM Advisory. “As businesses and the Government prepares for the new normal, they must understand the risks and their cybermaturity in order to protect their data, assets and personal information.”

-ENDS-

 

For commentary from cybersecurity expert, Jo Stewart-Rattray, please contact:

Julie Fenwick, jfenwick@daylightagency.com.au, +61 468 901 655

Karen Keech, kkeech@daylightagency.com.au, +61 411 052 408 

 

A regular on TV and radio interviews, Jo can discuss:

  • the benefits of strong multi-factor authentication and patching
  • what can be done to protect Australians and organisations from cyber attacks
  • the issues organisations face, including the cyber skills gap in Australia, budget constraints and more awareness among the C-Suite

 

About ISACA’s COVID-19 Research:
ISACA surveyed more than 3,700 IT audit, risk, governance and cybersecurity professionals from 123 countries in mid-April to assess the impact of COVID-19 on their organisations and their own jobs. Over 100 professionals from Australia participated. For more information on ISACA’s COVID-19 study, visit www.isaca.org/covid19study

 

About the State of Cybersecurity Study

More than 2,000 cybersecurity professionals in 17 industries who hold ISACA’s Certified Information Security Manager (CISM) credential or have information security job titles participated in the online survey, of which just over 100 were from Australia. For a free download of the reports and resources, visit: www.isaca.org/state-of-cybersecurity-2020.

 

About ISACA

ISACA® (www.isaca.org) is a global professional association and learning organisation that leverages the expertise of its 145,000 members who work in information security, governance, assurance, risk and privacy to drive innovation through technology. It was formed over 50 years ago and has a presence in 188 countries, including chapters throughout Australia.