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

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 adequately protected from payment fraud scams and business email compromise.

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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.

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

Then we ensure your have the right balance of protective controls and monitoring to ensure that your data is secure.

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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.

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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