25 January 2021

Cyber resilience for survival of full scale attacks against Australian businesses

As numbers of attacks have risen in the past year the Australian government has warned that businesses need to be prepared, with the right defences and recovery resources.

A key to this is understanding how to protect your business from the broader impact of a cyber incident.

Cybersecurity: the tools, processes and procedures businesses have in place to prevent a cyber incident
Cyber resilience: how a business reacts after a cyber incident

Cyber resilience refers to how your business can recover from the effect of an incident and minimise its reputational damage.

Cyber insurance helps both cybersecurity and resilience, and both IT leaders and business leaders must be brought into conversations around cyber requirements.

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Key trends

  • A holistic and proactive approach is needed towards cybersecurity and cyber resilience

  • Expectations on boards and senior management have increased

  • As one in three cyber incidents are down to human error, risk management principles, ongoing training and education are vital

Headshots_Robyn AdcockCyber / Tech Practice Leader Professional & Financial Risks Robyn Adcock
With more than 20 years’ experience in the Australian insurance market, predominantly with major international insurance brokers, Robyn Adcock works closely with clients to plan and execute risk tailored management strategies for cyber security.

Access and read cyber article in full: page 10 in the latest Business Insurance & Risk Market update compiled by our experts and industry sector specialists.

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