How Australian Organisations Can Build More Resilient Systems to Reduce Cyber Risk

As Australian organisations expand their digital capabilities, they increasingly find themselves navigating a complex cybersecurity landscape. Recent high-profile security incidents are glaring reminders of the escalating severity, widespread occurrence, and sophisticated nature of cyber threats targeting both the public and private sectors.

Rigorous regulations surrounding personally identifiable information (PII) are complicating the situation further. Regulatory bodies are imposing stricter guidelines and more substantial penalties for non-compliance than ever before.

There’s also a push from global cybersecurity bodies to adopt better cyber hygiene practices and improve how we protect our systems. These recommended best practices are essential for better security. However, the cost of implementation is rising at a time when many companies are trying to reduce costs and seek efficiency dividends in operations.

Steve Challans

Chief Information Security Officer, Prophecy International

To listen to the full podcast, click here.

Steve Challans, chief information security officer, Prophecy International , recently joined HIMSSCast, presented by Carahsoft, to discuss Prophecy’s product offering, Snare, and how healthcare organisations can:

Improve cyber hygiene. Adopting better network segmentation, leveraging improved tools, and focusing on collecting forensic log data can greatly improve an organisation’s cyber hygiene. However, information security extends beyond just the IT and security departments. It encompasses all people, processes, and technology, making it a collective responsibility.
Engage in effective observability. When someone interacts with the digital environment, there should be a clear trail of activity. By prioritising logging and forensics, organisations can ensure they receive timely alerts, reports, and notifications.
Address the shadow IT challenge. When technology is implemented without the full knowledge or approval of IT departments, vulnerabilities can arise. It’s essential for all tech implementations to be sanctioned and approved by IT to ensure robust security.
Manage vast data collections. Collecting vast amounts of log data presents its challenges. The solution lies in having technology that can filter what you collect; eliminating noise, reducing costs and ensuring complete coverage of your environment. This approach ensures organisations can collect all the information required for effective forensic analysis, correlation and analytics.

Centralised log management you can trust

The healthcare sector has seen a marked increase in data breach costs. Since 2020, healthcare data breach costs have increased by 53.3 per cent, according to IBM’s Cost of a Data Breach Report 2023. With an average breach cost pegged at USD$10.93 million, the financial implications are staggering.

Solutions like Snare provide healthcare organisations with unparalleled observability, empowering real-time monitoring, detection, and response to security threats. By efficiently filtering and compressing data, Snare ensures only relevant information is stored, positioning itself as a reliable choice for healthcare providers navigating complex cyber threats worldwide.

To find out how Snare can enhance your healthcare organisation’s cybersecurity posture, streamline log management, and reduce data breach costs, contact the team today.

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How Australian Organisations Can Build More Resilient Systems to Reduce Cyber Risk

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