Triage is something companies use in cybersecurity to help protect computers and networks. Employers use triage to find out what attacks, threats, and damages have happened. They also use triage to decide which ones they will fix first. It helps by allowing them to establish the order of what needs to be fixed first so they can do it quickly. What is triage? Triage is an important…

Risk analysis is a process that helps us understand and manage risk. Risk is any possibility of something bad happening. Risk analysis allows us to identify, analyse and assess risk so that we can make informed decisions. It involves looking at things like potential hazards or dangers, the likelihood of them happening and how serious the consequences might be if they do occur. We can then create…

Cyber threats are a growing problem for businesses of all sizes. According to the 2018 Verizon Data Breach Investigations Report, 30% of businesses that experience data breaches had their systems compromised by malicious cyber attacks. This same report shows that attackers used malicious software such as ransomware, malware, and phishing campaigns to infiltrate companies and steal valuable data.…

Risk mitigation is a risk management strategy that seeks to reduce or eliminate risk. It is an important part of risk management, which aims to identify and assess risks in order to create strategies for managing them. Risk mitigation focuses on reducing the probability and/or impact of identified risks, as well as improving organisational resilience against risk events. By implementing…

Every business generates financial records, but the biggest concern is how to keep them secure and accurate. Financial security is an issue that all businesses must take seriously in today’s ever-evolving digital landscape. With the prevalence of cyber threats and financial fraud, it is essential for companies to safeguard their financial records from malicious actors. Fortunately, there are…

An internal audit is an essential part of any business, regardless of its size or industry. It involves a systematic review and evaluation process to ensure internal processes are being followed correctly and that the company is meeting its goals in terms of efficiency, cost-effectiveness, risk management, regulatory compliance and more. Internal audits have many benefits as they can identify…

An online investigation is becoming more and more popular as technology is taking over. Since times are changing, employees have moved to remote work and many now use their own devices when they come into the office. Nowadays, 75% of employees use their personal mobile phones for work-related purposes. It highlights the big shift from company-provided equipment to staff using their own personal…

Cyberattacks have been an issue for years but in the last few weeks, they have affected millions of Australians and continue to affect more. After the Optus cyberattack, that leaked the data of about 10 million Australians, NAB and Telstra were hit by a third-party data breach. This caused private information of current and former employees to be leaked online but it only affected the staff of…

Inherent risk refers to the threats that exist without being mitigated or controlled. Every company faces inherent risk before they implement strategies and controls. It is determined by the industry, size and operations of the company. Inherent risk may be difficult to calculate and the source of it needs to be ascertained before trying to determine what its likelihood and impact are. Risk…

The Optus data breach has had an enormous impact on Australians as it left approximately 10 million people vulnerable. Customers are now facing uncertainty and they are angry at the company for not being better prepared and able to store their personal information securely. The reputation of the company has been impacted and a lot of consumers do not consider it a reliable business anymore. It…