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Executives and Boards want visibility of their organization’s cyber risks and their controls. But who is responsible for cyber risk? And, how can a deeply technical area of risk be reported on in an easily consumed way?
The frequency and cost of cyber incidents is increasing for Australian businesses. Boards have a key governance role in cyber risk management and decision making to ensure their organization’s are both secure and resilient. This involves clarity on the role and responsibilities of the Board as well as clarity on the organization’s cyber risk profile.
Join Chief Strategy Officer, Beau Murfitt and Principal Consultant, Brad Smith, as they look at how organizations can more effectively govern and oversee their cyber risks and in turn protect the interests of their stakeholders.
Beau has more than 20 years of experience at Camms and oversees the company’s strategy. He possesses extensive experience in the entire spectrum of the development and sales of Camms business software solutions.
Having worked with more than 200 public and private organizations across a wide range of sectors, during his 18-year tenure at Camms, Brad has developed in-depth knowledge in key areas including governance/risk/compliance, integrated planning and performance and business process improvement among other specialized areas.
Read and view the latest resources and insights from the Camms team.
Aaron Mullins | November 12, 2020
If you’ve been following the news in 2020, and let’s be fair, who hasn’t, you may have noticed – between the headlines of US election drama and burgeoning pandemic numbers – that cyber crime is well and truly on the rise.
From Australian Prime Minister, Scott Morrison’s alarming announcement in June, that a foreign government had been diskovered undertaking “malicious” cyber attacks against Australian government agencies; to the numerous hacking scandals plaguing the 2020 US election race.
But it’s not just the largest organizations who are at risk of cyber attacks – many organizations and businesses moving to work-from-home arrangements earlier this year fell victim to opportunistic cyber criminals, making the most of easy access to remote IT systems.
In September, global IT and tech news site ZDNet, reported that there had been a “sharp rise in sophisticated hands-on hacking campaigns” in 2020, with the first half of the year showing more incidents than all of 2019.
The findings came from a report from cyber security company Crowdstrike, and were based on “potential hands-on intrusions” identified by their research team.
“The first half of 2020 saw 41,000 intrusions, a higher figure than the 35,000 detected during all of 2019, according to the company,” Danny Palmer, author of the ZDNet article reported.
“Hands-on campaigns are based around hackers gaining access to the network – often via leaked or stolen credentials to an employee account or an exposed RDP server – then using the legitimate access those accounts or systems offer to move across the network, gradually securing the means to gain more and more access.”
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Business leaders know that to generate returns there is a degree of risk-taking needed. Despite this, many struggle to see the value in integrating their risk management and strategic planning activities.
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The current climate has proven without a doubt that both local and global events have great potential to significantly impact an organization, and how it operates.
Currently businesses around the globe are experiencing change like never before, and in the bid to evolve and adapt to ensure survival and success, organizations will find themselves facing new areas of risk.
With integrated solutions in risk, strategy, projects and people, Camms business software will help you make the right decisions, manage risks, align the talents of your organization, and focus on what matters.
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