Additionally, businesses are increasingly connected globally, whether with their own operations around the world, manufacturing facilities, or supply chains. “The more footprints of technology you have, the more exposed you are to cyber risk,” says Thareja.
When a business establishes a relationship with another business, they need to define their own risk appetite and ensure the other business adheres to those same sort of standards, or they will be put at risk.
Malicious cyber activity is one of the most significant threats impacting Australians, the government says in its Cyber Security Strategy released last year. Between 1 July 2019 and 30 June 2020, the government’s Australian Cyber Security Centre responded to 2266 cyber security incidents at a rate of almost six per day
The cyber security challenge is particularly acute for Australia’s critical infrastructure, such as the power grid, communications networks, transport networks and hospitals, because these assets are so important for the functioning of the economy and society.
FM Global’s Pankaj Thareja.Credit: Supplied.
The critical infrastructures cyber defences are not keeping up with the sophisticated hacker’s…
