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The Evolving Role of Cybersecurity in Modern Business

Businesses in Australia suffer thousands of security breaches due to cyber attacks each year. The majority of these breaches affect small businesses, but occasionally "major" cyber breaches affect large organisations.

Author:Camilo Wood
Reviewer:Daniel James
May 19, 2022
Businesses in Australia suffer thousands of security breaches due to cyber attacks each year. The majority of these breaches affect small businesses, but occasionally "major" cyber breaches affect large organisations.
Business owners in Australia can learn how these cyber breaches occurred so that they don't allow the same thing to happen to their own data. There have been some significant cyber breaches in Australia in 2021, which caused issues for some local and international organisations. To ensure that your business is protected, it’s important to understand the changing role of Cybersecurity, what a VPNis, and how it can help businesses that employ remote workers.
Continue reading to learn more about the evolving role of cybersecurity in the modern business landscape and why you need to take it a priority.

What Is Cybersecurity?

Defending systems, networks, and programs against digital attacks is what cybersecurity is all about. Usually, these cyberattacks are designed to extort money from users, modify or destroy sensitive information or interfere with normal business processes. We live in a world increasingly dependent on technology, and this reliance will continue as we introduce the next generation of smart, Internet-connected devices that have access to our networks via Bluetooth, Wi-Fi, and the use of VPN.
The threats posed by cyber-attacks are becoming increasingly sophisticated and evolving, as hackers employ social engineering and artificial intelligence to circumvent traditional security measures.

The Impact Of Data Breaches In Australia In 2021-08-10

The loss or unauthorised access of private, confidential, or sensitive information constitutes a data breach. The breach of personal information can be accidental or result from a malicious attack. In 2021, there were a number of significant cyber attacks that occurred in Australia which caused major disruptions.
In January 2021, following a Tasmanian ambulance patient data leak, a cybersecurity expert called for new technology as an ambulance patients' HIV status was revealed in a Tasmanian data leak. As a result, the medical records of Tasmanian patients are exposed in a mass hacking incident. In March, a massive Microsoft server hack affected Australian companies leading to Microsoft software vulnerability which was taken advantage of by ten hacking groups. A cyberattack on the Western Australian Parliamentduring the election was suspected of having been launched, and in June 2021, cruise operator Carnival disclosed a personal data breach.
These cases go to show how important cybersecurity has become in modern times and highlights just why business owners need to pay close attention to their online security.

Educate Your Staff On Thee Importance Of Cyber Security

In 2020, human error was responsible for 38% of data breaches. However, there is a silver lining to this concerning statistic in that identifying and responding appropriately to cyber threats can prevent the majority of data breach incidents. What’s more, educating the people who work in your business, from the receptionist to the CEO, will also increase the value of your cybersecurity solutions, preventing staff from unknowingly bypassing costly security measures to facilitate cybercrime.

What Is A VPN, And Why Do You Need One?

The use of VPNs has come to the forefront as companies increasingly have employees working from home. Virtual Private Networks connect remote sites or users privately and securely over a public, unsecured, unencrypted network, usually the Internet, by establishing secure, encrypted connections. Data from your computer is routed through servers in another location and scrambled to make it unreadable.
Basically, a VPN connects your PC, smartphone, or tablet to another computer, referred to as a server, on the internet, allowing you to access the internet using that computer's connection. There is always a risk of a data breach wherever you use your device and any information that comes through an unsecured browser is also vulnerable to hacks since it is unencrypted.
Cybercriminals and malicious computer programs target wireless connections, especially public access points. Places with free WiFi, like airports, hotels, and coffee shops, are particularly vulnerable. However, with a VPN you can secure your computer and your information when using wireless connections in public places.

Using Cyber Security To Protect Your Business Moving Forward

Cybercriminals are becoming more innovative, and their tactics are becoming more resilient to conventional cyber defences. This makes it impossible for business leaders to solely rely on out-of-the-box cybersecurity solutions like antivirus software and firewalls, with most businesses requiring more robust strategies to keep their businesses protected moving forward.
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Camilo Wood

Camilo Wood

Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing. Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers. Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
Daniel James

Daniel James

Daniel James is a distinguished gerontologist, author, and professional coach known for his expertise in health and aging. With degrees from Georgia Tech and UCLA, including a diploma in gerontology from the University of Boston, Daniel brings over 15 years of experience to his work. His credentials also include a Professional Coaching Certification, enhancing his credibility in personal development and well-being. In his free time, Daniel is an avid runner and tennis player, passionate about fitness, wellness, and staying active. His commitment to improving lives through health education and coaching reflects his passion and dedication in both professional and personal endeavors.
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