A new report by Telstra Purple reveals multinational organisations have significantly improved their cyber resiliency over the past year. According to the 2023 Information Security Maturity Report, 76% of ClubCISO members reported no material breaches. The report identified various factors contributing to this improvement, including leadership support, proactive "report it" policies, simulated phishing attacks, and tailored training. These measures have helped to promote a stronger security culture within organisations.
However, a separate survey conducted by CyberSmart, revealed almost 47% of business leaders are concerned their organisation is at an increased risk of attack since the cost-of-living crisis began. The survey also highlighted that 29% of senior SME leaders had not raised salaries and 11% had actually reduced salaries. As a result of these financial pressures, 24% have paused recruitment and 16% have laid off employees. This has led to concerns amongst business leaders about the impact on employees, with 38% citing malicious insiders as a potential threat and 35% suggesting that overworked and distracted staff could make mistakes that leave the company vulnerable to attack.
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