Business Challenges and Cyber Security

Cyber crime activity is relentless and the attackers never stop and will try to do everything they can to monetise your assets for their financial gain.  They don't discriminate, so whether you are a small business or large enterprise you need to be prepared.

Cyber Security is not just a technical challenge, it's a core business imperative. 

From our advisory consulting services and incident response investigations these are the top cyber security challenges we see organisations facing today. 

Business Challenges: We See

"Everyone has a plan until they get punched in the face!"

60% of organisations do not have an incident response plan in place.

Knowing what to do and how to respond in a crisis is essential in todays threat landscape.  

One of the best ways to prepare for such attacks and enable your organisation to get backup and running again with minimal fuss and damage is to prepare through crisis simulation table top exercises.

Ask yourself and the senior leadership team in your business: "If a cyber attack was to happen to us are we prepared?"

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Ransomware resilience is essential for all businesses in Australia

Over 115 organisations of all sizes have been effected by ransomware attacks in Australia since Jan 2024.  These are only the ones that have been reported, so the number is likely to be much higher than that.

A ransomware-resilient organisation can mitigate the risk of data loss by implementing robust data protection measures such as encryption, access controls, and data backups. This helps preserve the integrity of critical data assets and ensures business continuity even in the face of ransomware attacks.

▶️ $2.0M dollars is the average initial ransomware demand in 2024.

▶️ The average ransomware payment has increased 5x in the last year.

▶️ 33% of organisations that paid the ransom still could not recover their data.

Protecting your business from ransomware attacks

We help you prepare, defend and respond to a ransomware crisis.  We do this through cyber simulation exercises, reviewing your incident response plans and ensuring you have the right processes and controls in place.  

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Why its important to protect your organisation from business email compromise

Cyber criminals target organisations to trick users into revealing information they shouldn't by pretending to be from a trusted source.  They then pivot to taking control of accounts and then use that to target suppliers or key business stakeholders with the intent of diverting payments.

▶️ Business email compromise (BEC) on average cost Australian businesses $97,000 in 2023.

▶️ Small to Medium size businesses have a 75% chance of being successfully targeted at least once a week.

Improve your organisations resilience to email phishing scams.

We review your current email security configuration, log monitoring, processes, make improvements and educate your people to become more aware of targeted scams.

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Implement robust processes and monitoring to prevent payment fraud scams.

We review your current payment processes and email security to ensure you are adequately protected from payment fraud scams and business email compromise.

This includes a technical review of your:

▶️ Email setup to ensure that your current controls are correctly configured

▶️ SPF, DMARC and DKIM controls are correctly configured

▶️ Email security policies meet industry best practice

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We help you to become and remain compliant.

Our governance, risk and compliance services ensure that you are keeping on top of your regulatory compliance requirements.

Our assessments cover:

▶️ Third party supply chain risks

▶️ Compliance preparation audits to ensure you are ready to comply with NIST, ISO27001, CPS234 and IRAP.

▶️ Cloud security reviews

▶️ Data risk assessments

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We help you to understand and identify where your most sensitive data resides.

Then we assess if you have the right balance of protective controls and monitoring to ensure that your data is secure and has the right level of governance controls in place.

Our data risk assessment helps you to:

▶️ Uncover where your most sensitive data resides

▶️Scan and classify your data across multi-cloud and on-premises environments

▶️ Identify who has access and if the level of access is appropriate

▶️ Provides a remediation plan to reduce risk and your exposure

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Cyber Security is about being consistent every single day.

We review the fundamental security basics that you need in your business.  Then we help you to build and maintain consistent controls and processes to remain secure.

Some of the areas we look at:

▶️ Alignment of cyber security efforts to the direction of the business

▶️ Incident response planning to make sure are prepared for a crisis

▶️ Operational security improvements

▶️ Technical security improvements across, data, applications, network, email, backups and more.

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Neutralise hallucinations, safeguard your data, address data privacy concerns all while delivering the shortest path between question and answer.

Our Retrieval Augmentation Generation solution an services offering allows you to do all of this and more while delivering true value to your business.

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Testimonials

Cyooda Security have a wealth of knowledge and experience and would be extremely valuable to any organisation looking for advice on how to build and operate an effective cybersecurity program.

Kevin Tran

Head of Information Security

Comfortable in large and complex organisations, John and his team are uniquely qualified to not only work highly effectively with the most senior executives (board level), but with levels of business and IT stakeholders which is key to assessing, reporting and delivering the appropriate security maturity for an organisation.

Peter Hamilton

CISO

John and his team are the best subject matter experts in the information security domain. What sets them apart from their peers is their natural ability to understand how technology can ensure today's enterprise clients remain safe and secure while achieving organisational and corporate goals.

Marco Figeuroa

CISO

Ready to start a conversation?

Find out how Cyooda Security can help improve your organisation's security posture, recognise threats and improve your overall cyber resilience.

Book in a free 30 minute cyber security consultation.

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Cyooda Security - Leading provider of cyber security services in Australia

Lvl 17, Angel Place,

123 Pitt Street,

Sydney

NSW 2000

 (02) 7230 1350