Australians lack cyber risk sophistication: report

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A new study conducted for cybersecurity firm Trend Micro shows that nearly half of respondents from Australian organizations believe their cyber risk assessments are not sophisticated enough.

This lack of sophistication would expose organizations to ransomware, phishing, IoT and other threats.

Indeed, 87% of Australian respondents said they felt exposed to phishing attacks, and 78% to ransomware and IoT attacks.

Issues leading to this lack of sophistication are said to include manual approaches to mapping attack surfaces (20%) and difficulties working with multiple technology stacks (48%).





Only a minority (35%) said they assess risk to individual assets, frequency of attempted attacks, trends in attempted attacks, impact of a breach on a particular domain, industry and preventive action plans for specific vulnerabilities.

But an encouraging sign is that 71% think their C suite fully understands cyber risk today.

“We already knew that organizations were worried about a rapidly expanding digital attack surface with limited visibility,” said Ashley Watkins, vice president of Trend Micro ANZ.

“We now know that they also need urgent help to uncover and manage cyber risks in this environment. In many cases, the challenge is compounded by siled point solutions. Organizations need to seek a platform one that gives them the certainty and security they need.”

The research was conducted by Sapio Research, which surveyed 6,297 IT and business decision makers in 29 countries.

More details on the results are available here.

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