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{"id":1196,"date":"2021-07-23T13:25:01","date_gmt":"2021-07-23T03:25:01","guid":{"rendered":"https:\/\/manganoit.com.au\/?p=1196"},"modified":"2021-07-27T04:53:30","modified_gmt":"2021-07-26T18:53:30","slug":"it-cant-happen-to-me-why-every-organisation-is-at-risk-of-cyber-crime","status":"publish","type":"post","link":"https:\/\/manganoit.com.au\/blog\/it-cant-happen-to-me-why-every-organisation-is-at-risk-of-cyber-crime\/","title":{"rendered":"\u201cIt Can\u2019t Happen to Me\u201d: Why Every Organisation is at Risk of Cyber Crime"},"content":{"rendered":"

It should come as no surprise that cyber attacks pose an increasingly large threat to Australian organisations.<\/p>\n

In fact, the Australian Signals Directorate\u2019s (ASD\u2019s) Australian Cyber Security Centre (ACSC)<\/a> has specifically warned about, \u201can increase in the number of cybercrime reports and cyber security incidents,\u201d as well as \u201can increase in frequency and sophistication of operations by a range of state-based actors and cybercriminal syndicates\u201d and \u201can increase in the speed in which malicious actors have researched and then pivoted to exploit publicly-released vulnerabilities.\u201d<\/p>\n

Yet, despite these trends, many organisations hold outdated notions about both the criminals perpetrating these attacks and their specific vulnerability to cyber crime. Whilst hackers do continue to pursue major targets \u2014 as in the case of the well-publicised breaches of Solar Winds<\/a> and JBS Foods<\/a> \u2014 every organisation represents a potential target for cyber attacks.<\/p>\n

Here\u2019s why organisations of all sizes and sophistication need to be aware of the risk of cyber crime, as well as the steps they can take to protect themselves.<\/p>\n

Why Every Organisation is at Risk of Cyber Crime<\/h2>\n

One of the most common sentiments we hear when talking to Mangano IT customers regarding the threat of cyberattacks is, \u201cit\u2019s not going to happen to me.\u201d<\/p>\n

To a degree, that\u2019s understandable. If you\u2019re a small organisation, or if you don\u2019t believe you have anything worthwhile to steal, you may see yourself as being less of a target for direct attacks. But as you\u2019ll see, these concerns are irrelevant. You don\u2019t have to be specifically targeted to suffer losses from a cyber attack.<\/p>\n

For example, consider that:<\/p>\n

Unsuspecting employees can be lured into broad phishing attacks that expose you to vulnerabilities.<\/strong><\/p>\n

Many of today\u2019s most effective cyber attacks don\u2019t actually target individual stakeholders. Broad phishing attacks may send compromised links to thousands of individuals at random, hoping that at least some of the recipients will click them. If one of your employees clicks a phishing link from a networked device, it won\u2019t matter that it wasn\u2019t your organisation that was specifically targeted.<\/p>\n

Disgruntled employees may compromise your security by downloading company data without your knowledge.<\/strong><\/p>\n

Would you know if one of your employees downloaded data on your customers, products, R&D efforts, or suppliers? This type of information may have tremendous value to a criminal \u2014 yet because \u2018the fire is coming from inside the house\u2019, all the external firewalls in the world won\u2019t keep you safe.<\/p>\n

Even if you don\u2019t have sensitive or proprietary data, others in your network might.<\/strong><\/p>\n

Sure, the information in your systems may not have much value on its own. But consider your customers. Do any of them have sensitive information? If hackers can access organisations in your network by breaching your defenses, you could face not only liability issues for failing to secure your systems, but significant relationship damage and loss of trust with your customers.<\/p>\n

Protect Your Organisation with Proper IAM<\/h2>\n

Protecting against these types of scenarios requires a multifactor approach. In fact, you likely already have some security measures, such as firewall and spam blocking programs, in place. But one of the biggest security gaps we see when talking to organisations about their cyber security approach is identity and access management (IAM).<\/p>\n

Essentially, IAM involves controlling who gets access to different information and systems. You can think of it as a foundational step in cyber security, because proper IAM influences so many areas of your business and IT environment, including:<\/p>\n