close

Most Read

3 hours 37 min

Independent Senator Ian Roach has stood by his non-support of the Constitution (Amendment) Bill, 2014 and defended comments he made in debate which appeared to irk some...

You are here

Protecting your digital assets

Defending against rise of the global cyber-criminal
Published: 
Thursday, January 23, 2014
Technology Matters

The recent credit card security breach at US retail giant Target affected 70 million customers was a major wake up call to businesses around the world. The incident underscores that the notion of a hacker as some lone, geeky miscreant, tapping away at a keyboard in a darkened room, is now obsolete. The modern cybercriminal is formidable, sophisticated and very well organised.

 

 

The shifting frontlines

 

Data breaches like the one Target suffered are typically conducted by organised crime syndicates or similar groups with high levels of technology savvy, engaging highly-skilled resources from around the world. They present a very real threat to the modern technology-enabled organization – both large and small. 

 

The first line of defense is also no longer simply the individual, as it once was. In today’s cloud-based, digitally-stored-information world consumers no longer "own" their data. Much of the information consumers routinely share with government, banks, insurance companies, businesses and schools, for example, are now stored on many servers they neither see nor control.

 

The key then is to counter cyber threats with the same level of investment, sophistication and thoughtfulness as the cybercriminals. As clever and well-resourced as they may be, they can be thwarted.