Cyber Threats and Resilience: Insights from the ASD Cyber Threat Report 2023-24
/in AI, Articles, Cyber SecurityHow Important is a Policy for the Use of Generative AI?
/in Articles, Cyber SecurityZero-Trust Security Models: A New Era of Cybersecurity
/in Cyber SecurityUnlock Your IT Potential: Free 90-Day IT Strategy Roadmap Consultation
/in Articles, Cyber Security, Managed ITYou Say Password, I say Passphrase
/in Articles, Cyber SecurityThe State of Cybersecurity in New Zealand: Present and Future Directions
/in Cyber Security, UncategorizedThe New Zealand cybersecurity landscape has gradually undergone significant evolution in recent times. The transformation is primarily driven, especially, by fast-increasing digitalization of different sectors, proliferation of cyber threats, and growing awareness of the need for strong cyber defenses. As businesses, along with public sector organisations, increasingly adopt digital transformation, cybersecurity has become a significant enabler of national security and economic stability.
The New Zealand government’s drive towards cybersecurity policy and strategy is influenced mainly by the increasing rate and complexity of cyber-attacks, which have negatively impacted both public organisations and private businesses through ransomware attacks, phishing, and data breaches. In response, the New Zealand government has framed a pro-active stance regarding improvements in cybersecurity frameworks.
The National Cyber Security Centre, which operates under the Government Communications Security Bureau, plays an important role in coordinating responses to cyber incidents and advises best practices. The challenge remains formidable, though, because it is a very rapidly changing landscape that requires constant vigilance and adaptation. While progress has been achieved, the future of cybersecurity for New Zealand is at the mercy of continued development and cooperation amongst all parties involved. However, with these developments in mind, a fair share of challenges still faces us, and the need for further development is manifest.
As we look to the future, numerous innovations stand ready to influence the trajectory that New Zealand takes within cybersecurity. The current Cyber Security Strategy 2023 from the government lays down a plan that is aimed at ensuring that the country’s cybersecurity framework is tightened, especially through increased collaboration between the public and private sectors. It emphasizes, among other things, the need to adopt next-generation security technologies-such as Artificial Intelligence and machine learning-that are likely to significantly improve threat detection and response times.
Key components of the NZ Cyber Security Strategy include: cyber capability; addressing cybercrime; international cooperation; promoting collaboration across government, the private sector, and academia to share information, manage risks, and coordinate responses to strengthen cybersecurity; and increasing public and business awareness of the importance of cybersecurity through educational campaigns, highlighting online protection and cybersecurity in everyday life.
Meanwhile, New Zealand also places emphasis on the development of cyber resilience, especially within key sectors like health, energy, and finance. In addition, there are training programs and certifications being developed with the aim of strengthening this workforce to deal with the increasing demand for skilled professionals. Obstacles persist, yet the commitment toward the advancement of cybersecurity is unmistakable.
This ultimately underlines New Zealand’s commitment to international cybersecurity alliances with key partners such as Australia, the United States, and several regional partners, in recognition of the truly global nature of cyber threats. Information-sharing platforms, joint cyber defense exercises, and other collaborative initiatives will continue to form a critical part of the country’s safeguard against the cyber threat.
This is, of course, predicated on ongoing commitment and adaptation in response to an ever-changing threat landscape. Although challenges are there, the importance of these partnerships cannot be overemphasized; they are vital for having appropriate security in this digital environment.
Cyber Security Awareness Month: What We’re Doing to Stay Secure and Empowered
/in Cyber SecurityOctober is Cyber Security Awareness Month, and here at Atlantic Digital, we are stepping up our efforts to ensure that every member of our team is equipped to face modern cyber threats. This year, our focus is twofold: achieving patch compliance and raising the bar on internal cyber security knowledge through engaging training sessions.
Why Cyber Security Awareness Matters
In the fast-paced world of IT, cyber threats evolve every day. From phishing emails to ransomware, no business is immune. As a Managed Service Provider (MSP), it’s not just our duty to secure our systems—we’re also committed to ensuring that our clients are protected too. This means keeping our own knowledge and security measures at peak performance levels.
Patch Compliance: Keeping Systems Secure
One of the key areas we’re focusing on this month is patch compliance. Patch management may not be the most glamorous task, but it’s essential. Ensuring that software is up to date and vulnerabilities are addressed is one of the simplest, yet most effective, ways to safeguard against cyber attacks.
- What are we doing?
Our technical team is running thorough patch audits across all internal systems, ensuring every device is up to date. In addition, we are working closely with our clients to implement reboot schedules for their devices, ensuring that patches are not only applied but fully activated. This extra step is crucial because many security patches require a reboot to take effect. By coordinating these schedules, we minimize downtime and ensure maximum protection for both our systems and those of our clients. - Why it’s important?
Outdated software is one of the biggest security risks today. Cyber criminals often exploit known vulnerabilities in unpatched software, making it critical to stay current. By focusing on patch compliance this month, we’re making sure there are no weak links in our defences.
Building Cyber Awareness: A Fun and Engaging Experience
The second component of our Cyber Security Awareness Month initiative is something a little more interactive: internal cyber security awareness exams! Usecure, an innovative training platform that’s part of our tech stack and a key offering to our clients, helps us close the knowledge gap and boost cyber hygiene throughout Atlantic Digital.
- How it works
Usecure takes a proactive approach by assessing each team member’s understanding of key security threats. From phishing to password management, it helps identify any areas where we can improve. But it’s not just about finding gaps—it’s about filling them with effective, engaging training materials. A real systematic approach to capturing and actioning any gaps discovered in our team’s knowledge. - The fun part?
Training doesn’t have to be a drag! Usecure gamifies the experience, making it a fun challenge to improve scores and knowledge. Plus, we’re turning this into a friendly competition among staff—those who excel in the awareness exams will be recognized for their cyber smarts!
Working Together for a Safer Future
At Atlantic Digital, we believe that building a strong security culture starts from within. Our goal is to empower each member of our team with the knowledge and tools needed to fend off cyber threats. By focusing on patch compliance and using the power of Usecure, we are committed to creating a cyber-aware environment where everyone contributes to the greater security picture.
Stay tuned as we continue our journey and share our results of Cyber Security Awareness Month in our next edition. We’re excited to work together toward achieving an exceptional standard in cyber security knowledge—and having fun while doing it!
If you have any questions about how you can improve your security posture this month, feel free to reach out—we have a FREE 90 Day uplift roadmap offering to get you there!
What the Cyber Security Bill 2024 Means for Businesses
/in Cyber SecurityIn a world where cyber attacks are increasingly common and impactful, governments around the world are stepping up efforts to enhance national security. Australia is no exception, as demonstrated by the introduction of the Cyber Security Bill 2024. This bill proposes stringent measures aimed at protecting businesses, organizations, citizen data and national interests from the ever-growing threat of cyber attacks.
Key Highlights of the Cyber Security Bill 2024
The Cyber Security Bill 2024 introduces several new regulations and guidelines that are critical for businesses and government agencies alike. These measures include:
- Stronger Compliance Requirements: Companies across all sectors will be required to implement robust cyber security systems. Failure to do so may result in heavier penalties.
- Empowering Agencies: The bill grants greater powers to government agencies, allowing them to intervene more effectively when cyber threats are detected.
- Incident Reporting: Organizations will be required to report significant cyber incidents swiftly, which will help the government track, analyse, and mitigate risks.
How the Bill Affects Businesses
One of the key provisions of the bill is the obligation for businesses to meet specific security standards. These are no longer optional; failure to comply may result in severe financial and legal consequences. Here are some of the major ways the bill will affect Australian businesses:
- Mandatory Cyber Risk Assessments: Businesses must conduct regular cyber risk assessments and implement measures to mitigate risks. This means updating outdated security systems, training employees, and safeguarding customer data.
- Collaboration with Government Bodies: The bill encourages closer collaboration between private enterprises and government bodies to share intelligence on threats. For many businesses, this might involve new communication channels with governmental security agencies.
- Fines for Non-Compliance: There are substantial fines for businesses that fail to meet the new standards or neglect to report incidents. This could also include reputation damage, making cybersecurity an even higher priority for organizations.
The Benefits of the Bill
While the bill presents new challenges for compliance, it also brings significant benefits. It aims to create a safer digital environment for Australian citizens and organizations. As cybercrime grows more sophisticated, these measures will ensure businesses are better prepared to handle attacks, protecting both their own interests and the wider public.
Conclusion
The Cyber Security Bill 2024 represents a necessary evolution in how Australia handles cyber threats. For businesses, it means stepping up their cybersecurity efforts and working more closely with the government. Staying ahead of these changes can ensure organizations not only comply with the law but also enhance their defences against the increasing threat of cyber attacks. Atlantic Digital has been increasing our cyber security efforts with initiatives both internally and for our clients.
Reach out to our cyber security experts today and let us guide you on your path to achieving full compliance and securing peace of mind for your organization.
Protect Your SME: Key Insights from the latest ACSC Cyber Threat Report
/in Cyber SecurityIn today’s digital age, cyber threats are a growing concern for businesses of all sizes, especially small and medium-sized enterprises (SMEs). The latest ACSC Cyber Threat Report 2024 highlights the increasing risks and the need for robust cyber security measures. Here are the key takeaways every SME owner should know:
Rising Cybercrime Reports
The ACSC received over 76,000 cybercrime reports this year, a nearly 13% increase from the previous year. This alarming statistic translates to one cybercrime report every seven minutes. It’s a clear indication that cyber threats are becoming more frequent and sophisticated, posing a significant risk to SMEs.
Financial Impact of Cyber Attacks
Business Email Compromise (BEC) remains a significant threat, with financial losses totalling over $98 million. The average loss per report is a staggering $64,000. These figures underscore the critical need for SMEs to implement strong cyber security measures to protect their financial assets.
Sophisticated Threats and Actors
The report notes an increase in sophisticated cyber threats targeting Australian businesses. Both state and non-state actors are involved, engaging in activities ranging from cyber espionage to disruptive actions against essential services. This highlights the importance of staying vigilant and proactive in your cyber security efforts.
Emerging Technologies
Emerging technologies, such as artificial intelligence, are being leveraged by malicious actors to enhance their attack capabilities. This adds a new layer of complexity to the cyber threat landscape, making it essential for SMEs to stay updated on the latest security trends and technologies.
Importance of Cyber Resilience
The ACSC emphasizes the need for bolstering cyber resilience across all sectors. For SMEs, this means adopting comprehensive security frameworks like the Essential Eight Maturity Model to mitigate evolving threats effectively.
Protect Your SME with Atlantic Digital
At Atlantic Digital, we understand the unique challenges faced by SMEs. Our team of experts is here to help you implement the Essential Eight Maturity Model, ensuring your business is protected against the latest cyber threats.
Contact us today to learn more about how we can help safeguard your business and enhance your cyber resilience.