In the ever-evolving world of cybersecurity, time has become the new currency. As the 2023 Cost of a Data Breach (CODB) Report reveals, the ability to detect and respond to cyber threats swiftly can make all the difference for Australian businesses. But this is no small feat, at a time when cybercriminals have reduced the time needed to deploy ransomware from over two months to under four days.
We know hackers are innovating ways to speed up their attacks and gain deeper access to ever-evolving modern technology and high-value data, using automation and as-a-service models to maximise their ROI. Amid this race for time, organisations need to start considering how innovation will play a role in evolving their cybersecurity response.
Businesses from across different sectors often talk about and consider innovation as a core difference to their competition, but this approach is often lacking when it comes to their cybersecurity policies and practices — with some employing principles that could be considered monolithic.
So, while simplification has been at the heart of many recent IT transformation programs, how does that translate in the realm of cybersecurity? We must ensure we take a simplified approach to security to deliver speed, scale and visibility at lower costs across the whole economy.
To achieve this, we must develop and maintain globally recognised technology standards through public-private collaboration.
A rapidly expanding attack surface
The attack surface cybersecurity must contend with has undergone a profound expansion in recent years, with the proliferation of workloads and users accessing them becoming more and more disconnected from corporate networks. In fact, it will only continue to grow as organisations further advance their multi-hybrid cloud journey and in ..
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