We are living in an always-on world using different communications devices, systems and networks. As privacy and protecting one’s identity is becoming increasingly important, the task of protecting these devices, systems and networks from cyber attack is no longer an option, it is a necessity.
There are many possible motives for anyone to launch a cyber attack, but what matters to an organisation are the likely consequences it has or does not have to bear after the attack. Organisations should aim to reduce security risk and vulnerability and facilitate faster, more effective response plans. But they also must understand how cyber attacks could have other impacts, including the reduction or loss of credibility and brand equity, disruption of critical operational processes and financial implications.
Impact of Cyber Attacks
The evolution of the security landscape is fast and complicated. Many studies carried out on cyber attacks over the years have noted the accelerated proliferation, increased level of sophistication and the change in targeting of attacks.
According to the Australian Cyber Security Centre (ACSC) Threat Report, the Australian Signals Directorate (part of ACSC) responded to 1,095 cyber security incidents on government systems, “considered serious enough to warrant operation responses”, within just an 18-month period from January 2015 to June 2016.
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