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ARTICLE · 07 SEPTEMBER 2016

Cybergeddon – Time to get serious about data before it's too late

We should all be concerned about hackers accessing our sensitive information, whether as individuals or business people.

AustraliaAccounting and Audit

Anybody who watched the ABC's 4 Corners Cyber War episode on Monday should be very concerned about our exposure to hackers accessing our sensitive information, whether as individuals or business people.

4 Corners highlighted how weak our cyber defences are against attacks from criminals on our personal information, or against international sabotage at a government level.

Much is made of cyber security, but in the past these attacks have been seen more as a nuisance or a way to earn bragging rights. But it's important to realise that it is the data and information that these electronic spies are after.

How well do we understand what, where and how our data is stored? A recent global study published by Veritas showed that of the data owned by Australian businesses, 62% is 'dark data', meaning its value has not been identified: it is not known whether it is 'business critical' data. This lack of understanding and ownership of data is a greater problem than simply

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