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ARTICLE · 29 JULY 2014

Cyber security: Risk management

As with all risk management, there is no one-size-fits-all approach, but some basic steps will help.

AustraliaMedia, Telecoms, IT, Entertainment

Key Points:

As with all risk management, there is no one-size-fits-all approach, but some basic steps will help you build a robust, nimble and practical cyber barricade.

It has been said that the only safe computer is one that is not connected to the internet. While the internet has become core to the conduct of modern business it also poses a major threat to business. Cyber attacks can range from simple denial of service attacks (as happened in Estonia recently where several websites were blacked out) to sophisticated data thefts across a broad spectrum of interests. Recently US businesses such as Target, Nieman Marcus Stores and Michael's Arts and Crafts, have suffered major data breaches. Such breaches can include scraping information from customer credit cards, or in the case of Target the gaining of access to over 110 million confidential customer records. At another level cyber attacks can be used to destabilize an economy — as evident in the current Ukraine

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