Telstra Security Report 2019

Telstra Security Report 2019

Free

The 2019 Telstra Security Report 2019 found that awareness and understanding of the strategic importance of security has increased with 84 per cent of Australian companies saying they will increase security budgets, currently averaging over $900,000 per annum, in the next 12 to 24 months to combat security threats.

Description

10 interesting findings from the report:

  1. We are more prepared than ever for cyber-attacks with incident response plans in place at 77 per cent of local businesses
  2. 34% of Australian respondents review and test their incident response plan monthly as businesses move to an ‘expectation of breach’ mentality
  3. 48% of Australian businesses experienced a security attack in the past 12 months
  4. 89% of Australian businesses estimate security breaches went undetected – up 12% since 2018
  5. This contrasts with 74 per cent of Australian businesses believing they have strong systems in place to verify when an incident has occurred
  6. 27% of organisations take weeks, months or years on average to detect a security incident or breach
  7. 84% of Australian organisations spend up to 20% of their overall IT budget on security
  8. Among the subset of organisations interrupted due to a security breach, 81% of Australian businesses experienced a ransomware incident within the past year; 51% of Australian organisations who experienced ransomware paid the ransom
  9. 44% of Australian respondents identified C-level executives were ultimately held responsible in the event of a cyber security incident
  10. Human error or a targeted attack on an employee are cited as the highest risks to IT security by 36 per cent of respondents

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