IT Brief New Zealand logo
Technology news for New Zealand's largest enterprises
Story image

Three key elements to protect Kiwi enterprises from cyber threats

By Julia Gabel
Wed 13 Dec 2017
FYI, this story is more than a year old

As newer and more complex technologies promise to open up a world of unparalleled growth opportunities, organisations must arm themselves with the knowledge and tools that will keep their information safe.

If businesses don’t put the right measures in place, they may be exposed to financial losses and reputational damage after just one successful breach.

The National Cyber Security Centre (NSCS) recently commissioned an independent evaluation of the potential impact of cybercrime on New Zealand businesses and found the potential cost would be around $640m annually.

Businesses today face the reality that, as soon as IT professionals develop ways to identify cyber threats, cybercriminals are looking at new ways to access systems.

With more cyber attacks occurring each day, cybercriminals are finding ways around security measures faster.

It takes just one unwary employee to divulge their password or plug in an unauthorised device, and they could fall victim to a cyber attack. This could also compromise the entire network of the business they work for, or put their own personal home network at risk.

Despite devoting more resources to cybersecurity, businesses in New Zealand remain confused about the best way to mitigate cyber threats, a reality that severely hinders their ability to lead in a digital era.

Business leaders are also finding it difficult to grow their immediate capabilities or plan long-term strategies because of fast-evolving solutions.

Organisations must remember cybersecurity is not a set-and-forget exercise. Businesses must reexamine their strategies to tackle unprecedented cyber threats.

Cybersecurity is an ongoing battle that requires constant vigilance. Organisations need to equip themselves with knowledge, experience, and tools that will keep their infrastructure, information and employees safe, as well as compliant with data and privacy regulations. 

There are three key elements for businesses to manage their cybersecurity effectively:

1. Use advanced cyber protection technology.

As computing power becomes less expensive, the cost of launching automated and sophisticated attacks decreases.

Organisations can no longer rely on traditional or legacy security technology, or manual efforts by IT teams, to detect and respond to threats. Harnessing automation and integrated intelligence can continually raise the cost of making an attack successful.

This helps to decrease the number of successful attacks.

Measures such as next-generation firewalls work to protect assets and create microsegments across the organisation, which increases visibility and decreases the threat of attacks.

In addition, organisations should establish ongoing risk-management procedures, routine self-assessments, and periodic security audits and reviews. These measures will deliver the best opportunity to protect valuable operations systems.

2. Prepare a strong prevention and mitigation plan.

Effective prevention of attacks before they happen decreases the overall attack surface and makes it much more difficult and prohibitively expensive for hackers to penetrate an organisation.

Detection technologies and incidence response have their place, but it is impossible to keep up with threats if the only answer is to clean up after the attack.

Focusing on preventions as a first step is not only possible but achievable, even against advanced attackers.

In case a cyberthreat can’t be prevented, having a strong cybersecurity response plan that clearly defines roles and responsibilities, and outlines how data can be recovered quickly in the wake of an attack is critical.

By regularly testing these plans through live drills and updating them as needed companies can avoid paralysis when an incident occurs.

Taking a proactive approach to cybersecurity means that businesses will be able to make better and faster decisions in crisis mode, build trust from customers, and be in the best position for long-term growth.

3. Take a holistic approach that includes people and processes.

The best defence against an all-encompassing threat is to put in place a consistent, overarching strategy that empowers all employees.

For an effective, preventative approach to cybersecurity, organisations must focus on the core processes based on a foundation of increased awareness, up-to-date training, and continuous learning.

Executive teams must invest in continually improving security management processes to prevent successful attacks. Many successful attacks involve poor processes or human error.

Companies must develop, communicate, and, importantly, enforce clear security policies to prevent vulnerabilities as much as possible. Providing up-to-date training and requiring employees to regularly revisit their knowledge of the cybersecurity environment is critical to a company’s security.

An effective training program reminds employees of best practices while ensuring they are aware of the latest traps to avoid. Training should also take place more frequently than once a year to prevent and mitigate successful cyber attacks.

By putting these three elements in place, businesses can reduce the risk of being attacked and avoid the costs associated with a successful attack.

Article by Ian Raper, regional vice president, ANZ, Palo Alto Networks

Related stories
Top stories
Story image
Employment
Tech job moves - Forcepoint, Malwarebytes, SolarWinds & VMware
We round up all job appointments from May 13-20, 2022, in one place to keep you updated with the latest from across the tech industries.
Story image
Migration
Let’s clear the cloud visibility haze with app awareness
Increasingly, organisations are heading for the cloud, initiating new born-in-the-cloud architectures and migrating existing applications via ‘lift and shift’ or refactoring.
Story image
Remote Working
Successful digital transformation in the hybrid work era is about embracing shifting goalposts
As organisations embraced remote working, many discovered they lacked the infrastructure needed to support history’s first global load test of remote work capabilities.
Story image
Vectra AI
Understanding the weight on security leader’s shoulders, and how to shift it
Millions of dollars of government funding and internal budgets are being funnelled into cybersecurity to build resilience against sophisticated threats, indicating how serious this issue has become.
Story image
Digital Transformation
Pluralsight and Ingram Micro Cloud team up on cloud initiative
Pluralsight has teamed with Ingram Micro Cloud to build upon cloud competence and maturity internally, and externally support partners’ capabilities.
Story image
Cybersecurity
More than 40% of banks worried about cloud security - report
Publicis Sapient's new report finds security and the lack of cloud skills and internal understanding of business benefits are big obstacles for banks moving to the cloud.
Story image
Data Protection
Barracuda launches new capabilities for API Protection
"Every business needs this type of critical protection against API vulnerabilities and automated bot attacks," Barracuda says.
Story image
Microsoft
New Relic enters multi-year partnership with Microsoft Azure
New Relic has announced a strategic partnership with Microsoft to help enterprises accelerate cloud migration and multi-cloud initiatives. 
Darktrace
Threat actors are exploiting weaknesses in interconnected IT/OT ecosystems. Darktrace illuminates your entire business and takes targeted action to stop emerging attacks.
Link image
Story image
Artificial Intelligence
SAS announces new products amid cloud portfolio success
Analytics and AI company SAS is deepening its broad industry portfolio with offerings that support life sciences, energy, and martech.
Story image
Artificial Intelligence
CFOs using digital workers and AI to prevent unnecessary loss
New technology is now allowing CFOs to use digital workers to automate their accounting processes, making it easier for them to avoid unnecessary losses.
Story image
Wireless
Cradlepoint expands its Cellular Intelligence capabilities
Cradlepoint has announced additional Cellular Intelligence capabilities with its NetCloud service.
Story image
Artificial Intelligence
AI-based email security platform Abnormal Security valued at $4B
"A new breed of cybersecurity solutions that leverage AI is required to change the game and stop the rising threat of sophisticated and targeted email attacks."
Story image
Commerce Commission
ComCom appeals $2.25 million fine in Vodafone FibreX case
The Commerce Commission has filed an appeal in the High Court against a $2.25 million fine imposed on Vodafone NZ for its offending under the Fair Trading Act.
Story image
Digital Transformation
Trading up: It's time to swap core systems for flexible digital applications
This year will see more oranisations planning and commencing high tech renovations that will shake up the way they operate.
Story image
Ransomware
Cybersecurity starts with education
In 2021, 80% of Australian organisations responding to the Sophos State of Ransomware study reported being hit by ransomware. 
Story image
Sisense
Data and analytics could be key to higher selling prices in APAC
Sisense's latest report has found that almost half of data professionals in APAC think customised data and analytics can create better selling prices for their products.
Story image
Customer experience
Gartner recognises Okta for abilities in Access Management
Okta has announced it has been recognised as a Customers' Choice for the fourth time in a row in the Gartner Peer Insights "Voice of the Customer" report.
Story image
Ransomware
Alarming surge in Conti Ransomware Group activity - report
A new report has identified a 7.6 per cent increase in the number of vulnerabilities tied to ransomware in Q1 2022.
Story image
Sustainability
Power at the edge: the role of data centers in sustainability
The Singaporean moratorium on new data center projects was recently lifted, with one of the conditions being an increased focus on power efficiency and sustainability.
Story image
Digital Transformation
The impact of COVID-19 on healthcare environments and care delivery
The COVID-19 pandemic has revolutionised the healthcare industry while overcoming staff shortages, social distancing requirements, and lockdowns.
Story image
Ransomware
A third of companies paying ransom don’t recover data - report
Veeam's report finds 76% of businesses who are victims of cyberattacks paid the ransom to recover data, but a third were still unable to get their information back.
Story image
Amazon Web Services / AWS
RedShield leverages AWS to scale cybersecurity services
"Working with AWS gives RedShield the ability to mitigate significant application layer DDoS attacks, helping leaders adopt best practices and security architectures."
Story image
Application Security
What are the DDoS attack trend predictions for 2022?
Mitigation and recovery are vital to ensuring brand reputation remains solid in the face of a Distributed Denial of Service (DDoS) attack and that business growth and innovation can continue.
Booster
Booster Innovation Fund. A fund of Kiwi ingenuity – for Kiwi investors.
Link image
Story image
Sustainability
Legrand unveils Nexpand, a data center cabinet platform
Legrand has unveiled a new data center cabinet platform, Nexpand, to offer the necessary scalability and future-proof architecture for digital transformation.
Story image
SaaS
Rubrik Security Cloud marks 'next frontier' in cybersecurity
"The next frontier in cybersecurity pairs the investments in infrastructure security with data security giving companies security from the point of data."
Story image
Data Center
Preventing downtime costs and damage with Distributed Infrastructure Management
Distributed Infrastructure Management (DIM) can often be a lifeline for many enterprises that work with highly critical ICT infrastructure and power sources.
Exabeam
Find out how a behavioural analytics-driven approach can transform security operations with the new Exabeam commissioned Forrester study.
Link image
Story image
Excel
Could your Excel practices be harming your business?
While Excel has been the de-facto standard for budgeting, planning, and forecasting, is it alone, enough to support organisations in the global marketplace that’s facing rapid changes due to digital transformation?
Story image
Customer experience
Research unveils precarious customer loyalty for retailers
New research has found customers are reassessing established brand loyalties as their priorities and behaviours shift.
Story image
Collaboration
Meadows exits Ingram Micro New Zealand on a good note
We look at the resignation of Danny Meadows from Ingram Micro's New Zealand Unified Communications & Collaboration business unit.
Story image
Cybersecurity
A10 Networks finds over 15 million DDoS weapons in 2021
A10 Networks notes that in the 2H 2021 reporting period, its security research team tracked more than 15.4 million Distributed Denial-of-Service (DDoS) weapons.
Story image
Cloud Security
Aqua Security createa unified scanner for cloud native security
“By integrating more cloud native scanning targets into Trivy, such as Kubernetes, we are simplifying cloud native security."
Story image
Apple
Apple previews new features for users with disabilities
Apple says new software features that offer users with disabilities new tools for navigation, health and communication, are set to come out later this year.
Story image
Sift
Sift shares crucial advice for preventing serious ATO breaches
Are you or your business struggling with Account Takeover Fraud (ATO)? One of the latest ebooks from Sift can provide readers with the tools and expertise to help launch them into the new era of account security.
Story image
ChildFund
ChildFund launches new campaign to protect children online
ChildFund says WEB Safe & Wise aims to protect children from sexual exploitation and abuse online while also empowering them to become digitally savvy. 
Story image
Malware
New vulnerabilities found in Nuspire’s Q1 2022 Threat Report
“Threat actors are quickly adjusting their tactics and these exploits tend to get industry attention, but the threat posed by older and attacks still persists."
Story image
Wireless Nation
Wireless Nation, N4L provide 4G network to remote NZ schools
Wireless Nation and Network for Learning (N4L) have rolled out the Rural Connectivity Group’s (RCG) new 4G network to better connect three Chatham Islands schools.
Story image
Artificial Intelligence
How to ensure ethical deployment of AI implementations
The increase in automation and machine technology such as AI and machine learning has unlocked a whole new level of scale and service to organisations. 
Story image
Vodafone
Vodafone NZ buys remaining stake in retail joint venture
Vodafone New Zealand has purchased the remaining 50% stake in the specialist joint venture (JV) with private equity company Millennium Corp.
Softiron
For every 10PB of storage run on HyperDrive vs. comparable alternatives, an estimated 6,656 tonnes of CO₂ are saved by reduced energy consumption alone over its lifespan. That’s the equivalent of taking nearly 1,500 cars off the road for a year.
Link image
Story image
Cybersecurity
NCSC advisory highlights poor security configurations
The GCSB's National Cyber Security Centre (NCSC) has released a cyber security advisory identifying commonly exploited controls and practices.
Story image
Sustainability
Grasping the opportunity to rethink the metrics of a sustainable data centre
A data centre traditionally has two distinct operations teams: the Facility Operations team, and the IT Operations team. Collaboration between them is the key to defining, measuring, and delivering long-term efficiency and sustainability improvements.