Blog

01Jan, 2016

Australian Statistics

Financial Cost Of Data Breaches On Affected Companies In Australia 2015

Cybercrime continues to rise across the globe and Australian organisations have so far been somewhat complacent about the impact of a data breach.

With the mandatory breach notification law still on the government’s agenda, organisations in Australia should be thinking about securing their sensitive data now.

Many organisations in Australia struggle with security and legislative compliance.

The global landscape is changing and changing fast.

Businesses must consider an explosion of new technologies and find ways to handle and protect large volumes of sensitive data. Businesses require solutions, which achieve optimal business performance, staff productivity, comprehensive security of sensitive data and control of their digital interactions in more holistic cost effective ways.

Securing a business does incur costs of course but not protecting your business appropriately could cost you, your clients, your reputation and ultimately your business.

This infographic highlights the cost of cybercrime on Australian organisation in 2015.

 

Loading...

Loading…

Organisations that embrace solutions regarding data security and the new privacy laws can increase customer satisfaction, reduce costs, secure the business infrastructure, foster a better working environment and broaden service options.

It’s a compelling opportunity for businesses to leverage security and compliance investments to maximise returns for the business. In short, certified cloud-based services are available which reduce compliance costs, secure customer data and payment processes while offering opportunities to improving the customer experience – improving the bottom line for business.

 

Read more here about why some of the largest merchants in Australia trust us, to help them achieve and maintain their PCI DSS compliance.

Click here to get in touch with us today or if you wish to keep updated with the latest information, news stories, Fintech and digital payment solutions in Australia, subscribe here.

You may also like Australias New Privacy Laws – Important Insights

Articles related

The benefits of mandatory data breach notification laws in Australia

Mandatory data breach notification laws would result in greater security for Australians and improved protection of their sensitiveinformation. And it

Read More

Cost of data breach report (with Australian Statistics)

Ponemon Institute 2013 Cost of Data Breach report The 2013 Cost of Data Breach report published by the Ponemon Institute (sponsored by Symantec) revea

Read More
survive data breach

How to survive a data breach

In the past two years, LinkedIn, eHarmony, Twitter, Adobe and, most recently, Target have suffered data breaches that together exposed more than 120 m

Read More
data discovery tools

Credit card data discovery tools lay the foundation for good data security

Card Holder Data (CHD) discovery tools are becoming essential in identifying none secure sensitive data locations. Since December 2013, a series of da

Read More