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Do not mistake cyber security for being merely a technical discussion about IT problems to be fixed. Cyber security is now, and always has been, purely a response to risk. The risks have changed dramatically over the last 20 years, but the way many people view security is stuck in the 1990s.

Here in Australia, we're now under the Notifiable Breach Disclosure scheme and it's worth using this as a barometer to understand how well executives actually appreciate that they run digital companies working in a digital economy, with all the risks that come with hyper-connection and digital interdependence.

How well an organisation understands itself and its ability to work through responding to a suspected data breach is a direct reflection of how well it understands its business, as well as its dependence on technology and data. In other words, how well does the company understand and manage risk? Yeah, governance, that old chestnut.

People talk about digital transformation and disruption as though these were destinations to get to. But, digital transformation is a continual process and risk management is a necessary component. There is no finish line for transformation or risk management, there are only companies that will cease to be competitive.


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In the News

OAIC report reveals 63 data breach notifications in first six weeks of NDB scheme - AFR - 11 April 2018

More than 60 data breaches have been reported in the first six weeks of the country's new Notifiable Data Breach (NDB) scheme, with healthcare providers making up almost a quarter of the mandatory...
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New data breach notification scheme will be a barometer for business maturity - AFR -12 March 2018

Do not mistake cyber security for being merely a technical discussion about IT problems to be fixed. Cyber security is now, and always has been, purely a response to risk. The risks have changed...
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The Future of Work: The Role of People - Adobe - 31 Jan 2018

The Future of Work: The Role of People Foreword by Joseph Sweeney, IBRS Advisor For the past 30 years, organisations have applied technology to people to make the workplace more productive. But...
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Businesses unprepared for new data breach notification laws - AFR - 29th January 2018

Thousands of Australian small businesses remain woefully unprepared for the introduction of new laws that will require them to publicly disclose if their customers' data is breached by hackers or...
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Intel chip meltdown flaw shows new vulnerability - AFR - Jan 5th 2018

Cyber security experts have warned the long-term implications of chip vulnerabilities nicknamed Spectre and Meltdown discovered by researchers this week are still unknown, despite it appearing that...
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