When your organization experiences a cyber-attack, you are not alone. The digital age presents more opportunities for hackers to breach information than ever before. According to the Identity Theft Resource Center, as of September 30, 2021, the number of publicly reported incidents of compromised data is 17 percent more than the total number of reported breaches during the 2020 fiscal year.
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Cybersecurity is a top concern for organizations of all shapes and sizes. Whether it be a global organization or a small business, each will inevitably collect and store consumer data that hackers could attempt to steal. While significant events like product launches, mergers and acquisitions, and new vendor partnerships are prime opportunities for attacks, risk still exists in daily operations. Think about the data stored by human resources departments for potential, past, and current employees.
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If you operate as a B2B organization (business to business), you are either part of the supply chain, manage a supply chain, or you fit into both categories - the latter being the most prevalent. Tools like Bitsight provide insights and actionable data to make informed decisions on risks, regardless of where your business sits in the supply chain.
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Australia has recently taken significant action in the realm of data security that will potentially have global impact. In December 2018, the Australian Competition and Consumer Commission (“ACCC”) released recommendations on ways big technology companies can improve data security.
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