5 Essential Steps to Safeguard Your Business Against a Perfect Storm of Cybersecurity Threats
Credential-based attacks, the rise of Artificial Intelligence (AI), and inconsistencies in governance create a perilous environment for Australian businesses, according to Kapil Kukreja, a risk and assurance partner at HLB Mann Judd Melbourne. He emphasises that these factors combine to form a “perfect storm of cyber security threats.” Kukreja points out that cyber security has evolved into a strategic issue, with organisations facing increased attack frequencies and significant governance gaps. Many businesses continue to treat cyber security as a one-off investment rather than an ongoing, adaptive discipline. The sophistication of cyber threats necessitates not only advanced technologies but also a proactive approach that integrates security into every aspect of the organisation.
Kukreja highlights that the nature of cyber threats extends beyond complex technological exploits. Threat actors can easily gain network access through simple methods, such as exploiting previously leaked passwords and weak access controls. Recent attacks on Australian organisations serve as a stark reminder that fundamental security measures are often inadequately implemented. He warns that overlooking these basics can lead to severe vulnerabilities. To enhance their cyber security posture, Kukreja offers five key recommendations for businesses, urging them to prioritise foundational protections and adopt a comprehensive, continuous approach to security.
Categories: Credential-based Attacks, Adoption of AI, Governance Gaps
Tags: Credential-based, Attacks, AI, Governance, Cybersecurity, Threats, Protections, Technologies, Mindset, Recommendations