The race is on for CCTV manufacturers to deliver the latest industry driver, Artificial intelligence.
According to the Egress Insider Data Breach Survey 2021, it found that 94% of organisations experienced inside data breaches within the last year. 84% of the IT leaders surveyed advised human error was the top cause of the most serious incidents. Those surveyed also indicated that despite human error causing the most incidents less than one-fifth advised this to be their biggest concern.
The latest Australian Federal Budget handed down by the Government in May 2021, prioritised a $50 million investment in cybersecurity services in government, data centres and telecommunications networks. This spending reflects the growing need in Australia to ensure organisations are hardened to online threats.
Recent research by antivirus vendor Kaspersky shows that almost a quarter of PC users globally are still using the end-of-life operating system Windows 7 which creates a security risk and vulnerability to cyberattacks. This operating system stopped receiving mainstream support in January 2020. Once an OS has come to the end of its life-cycle, the vendor will no longer issue any further updates which include critical security fixes.
Global research firm, Statista, projects IoT spending will surpass $1 trillion by 2023. But before you get lost in the cloud of opportunity, it’s critical to stay grounded. The average cost of a data breach in 2020 was $3.86 million globally. That figure increased 9.8 per cent year-on-year in Australia, priced at $3.35 million, a sobering fact to consider. Add to this, malicious attack breaches were more financially heavy, costing organisations across the globe on average $3.74 million instead of system glitches, at $2.90 million, and human error, at $2.82 million.
The Australian Cyber Security Centre has received an average of 164 cybercrime reports a day. For this reason, Cybersecurity should be at the forefront of the businesses action plan. In an ever-growing and developing technological world, a new threat has emerged; Cybercrime. This threat targets not only individuals but also businesses and has an extensive global reach.
Fortis has partnered with Ermes to provide clients with a security solution to combat the evolving cybersecurity threats businesses are now faced with. Ermes is an intelligent anti-phishing software that acts directly on a browser to prevent and intervene on targeted web attacks that other security solutions cannot recognise.