Australian employees are the weakest link in the nation’s fight against cyber attacks

Nearly half of all cybersecurity incidents in Australia were due to employee misuse of IT

Australian employees’ inappropriate IT usage has led to Kaspersky naming them the weakest link in the country’s fight against cyber attacks.

The report found that almost half of all security incidents in 2019 occurred as a result of “inappropriate usage”, with 42.9% of incidents being caused by employees inappropriately sharing data across mobile devices. 

Advertisement - Article continues below

The report also found that lost employee devices accounted for 42% of security incidents in small- and medium-sized businesses and 47% of incidents in larger enterprises. Despite the obviousness of such risks, a meagre 8.5% of Australian respondents ranked mobile security as their key security issue.

The survey, which included approximately 5,000 global businesses - 250 of them being Australian - also found the more complex an IT system is, the more likely cybercriminals are to exploit it.

By taking advantage of weaknesses in emerging technologies, attackers are better able to tailor their attacks and be successful in their nefarious endeavors. 

“Many businesses have now been forced to quickly adapt to a home workforce during COVID-19,” shared Kaspersky A/NZ senior security researcher Noushin Shabab.

“With an increased dependency on mobile devices, remote working using cloud applications and data being used from more locations, the risk of cyberattacks in 2020 is set to skyrocket if businesses don’t quickly close gaps in their security and focus on the way they’re using cloud services,” continued Shabab.

Advertisement
Advertisement - Article continues below
Advertisement - Article continues below

The survey also found that when it comes to IT budgets, about two-thirds of Australian businesses are expected to increase their budgets over the next three years. However, roughly 28% of Australian organizations currently allocate less than 10% of their IT budget to security, while around 40% of businesses allocate 10-25% to security. 

Related Resource

Remote office networks pose a business and reliability risk

A survey of IT professionals shows that nearly every company suffers direct business impact from network service interruptions

Download now

“Our findings show that Australian businesses vastly underfund their security measures compared to global counterparts with 11.7% of businesses globally allocating more than half their IT budget on security,” explained Shabab.

With 26.4% of Australian small businesses reporting AU$3,000-AU$15,000 in cyber attack-related loses in 2018 and 2019, this perpetual underfunding illustrates a growing discrepancy between budget allocation to cybersecurity and the immense cost of potential data breaches.

Featured Resources

The case for a marketing content hub

Transform your digital marketing to deliver customer expectations

Download now

Fast, flexible and compliant e-signatures for global businesses

Be at the forefront of digital transformation with electronic signatures

Download now

Why CEOS should care about the move to SAP S/4HANA

And how they can accelerate business value

Download now

IT faces new security challenges in the wake of COVID-19

Beat the crisis by learning how to secure your network

Download now
Advertisement

Most Popular

Visit/security/34616/the-top-ten-password-cracking-techniques-used-by-hackers
Security

The top ten password-cracking techniques used by hackers

5 May 2020
Visit/mobile/5g/355712/nokia-5g-speed-record
5G

Nokia breaks 5G record with speeds nearing 5Gbps

20 May 2020
Visit/cloud/cloud-computing/355742/microsoft-launches-public-cloud-service-for-health-care
cloud computing

Microsoft launches public cloud service for health care

21 May 2020