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Australian firms failing on data security, says survey

Technology

Australian businesses of all sizes are failing to realise the seriousness of privacy and data security, with a recent survey showing there are 71 million attempted installations of unwanted programs every day.

By Miranda Brownlee 9 minute read

 

The survey, compiled by Intel Security across its customer systems, showed that there are 71 million attempted installations of unwanted programs every day, and 1,200 attempts per second to entice customers to click on risky URLs.

Joel Camissar, the company’s Asia-Pacific director of service provider, MSP and cloud business, said that while we are “moving to a world where cloud services are almost universal”, businesses of all sizes are failing to keep pace with the technology.

He noted that at the most basic level, 37 per cent of the survey’s 452 Australian respondents failed to check whether their cloud provider complied with the basic standards outlined in the Australian Privacy Act.

Mr Camissar suggested that any business looking to employ cloud-based services should research the provider first, including finding out about its public reputation, where its data servers are located and whether it is fully accredited.

This is particularly pertinent, he said, given that according to Intel’s study, 70 per cent of information stored on the cloud is personally identifiable, and nearly half of the respondents (48 per cent) even keep network passwords saved on the cloud.

Neil Stollznow of StollzNow Research, who conducted the research on behalf of Intel Security, said the most surprising finding was that in profiling business responses to cyber security, the survey actually educated many about the need for such measures.

“Your survey raised issues I will discuss with our CIO – thank you,” one respondent noted.

“It’s a bit scary when your questionnaire educates people,” Mr Stollznow said.

Miranda Brownlee

Miranda Brownlee

AUTHOR

Miranda Brownlee is the deputy editor of SMSF Adviser, which is the leading source of news, strategy and educational content for professionals working in the SMSF sector.

Since joining the team in 2014, Miranda has been responsible for breaking some of the biggest superannuation stories in Australia, and has reported extensively on technical strategy and legislative updates.
Miranda also has broad business and financial services reporting experience, having written for titles including Investor Daily, ifa and Accountants Daily.

You can email Miranda on:miranda.brownlee@momentummedia.com.au
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