70% of organisations only evaluate their risk profile on an annual basis, limiting their ability to tailor their risk management plan and business strategy to mirror the ever-changing commercial landscape – EY The guiding standard for risk management, ISO 31000, defines risk as the effect of uncertainty on objectives. Whilst this framework can be helpful, in establishing the context, and identification…
Businesses on guard With businesses increasingly connected online, do you understand your cyber-security risks? Cyber-security is a growing concern for business owners in the Food and Beverage industry. It’s not a case of if you face a cyber threat in the future, but when. Whilst every business will have different exposure points, a cyber threat shouldn’t be taken lightly due…
How much do you understand your supply-chain? It sounds like a simple question, but it’s important to realise that a resilient supply chain can help you sidestep avoidable risks and grow your business. Only 22% of companies have a proactive supply chain network. (Logistics Bureau, 2020) Your supply chain is one of the most critical elements to running your business and disruption at…
Have you recently audited your cyber security risk? Should a targeted attack occur, how far reaching would the impacts of a cyber-attack ripple in your business? The world’s largest meat processing company JBS, has recently been targeted by a cyber-attack, forcing it to temporarily shut operations in the US, Canada and it’s 47 sites in Australia. JBS paid a ransom of…
Criminals are getting more sophisticated in the tactics they’re utilising to defraud businesses. A scam where criminals impersonate the email accounts of Chief Executives was announced to have cost global businesses more than $US2 billion in little over two years according to the FBI. Recently, a client of ours was also caught out by this attack which cost them around…
The Australian Cyber Security Centre released its Threat Report 2015, which warns businesses could be targets for malicious activities.
The cyber security landscape will evolve rapidly and attacks will increase in number and sophistication, from a wider range of sources.
Malware presents as one of the biggest threats to Australia, with cybercrime costing roughly one billion dollars per years. This is projected to rise still with cybercrime being increasingly endorsed on criminal market platforms and becoming increasingly complex.
A common misconception amongst Australian Food and Beverage businesses, who don’t consider themselves to be online organisations, is that they are immune to cyber-attacks. However, the 2014 Trustwave Global Security Report found that 18% of all cyber-attacks in 2013 involved Food and Beverage companies, second only to retail merchants (at 35%). Our digital business landscape is rapidly changing. The vast…
