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ARTICLE · 22 NOVEMBER 2023

What two important cyber reports are telling us

Two recent cyber reports send the same message – to be prepared is critical.

AustraliaTechnology

And what business should do about it

It's been an interesting time for cyber.

Two large incidents with national impact and two revealing reports in as many days – each telling different stories but sending the same message.

The Australian Securities and Investments Commission (ASIC) Cyber Pulse survey tells of business ill-prepared for cyber incidents. The report attributes a weighted average cyber maturity score of 1.66 out of 4.00 to its 697 voluntary participants, concluding that "organisations are reactive rather than proactive when it comes to managing their cyber security." In particular, the survey revealed that:

  • 44% do not manage third-party or supply chain risk,

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