Zahra Buchanan's Insights
A report by the respected Ponemon Institute in 2022 stated that ‘insider threats have increased in both frequency and cost over the past two years. Credential thefts, for example, have almost doubled in number since 2020’. An article commenting on the report says that the overall number of incidents went up by 44% in just two years, whilst the cost to impacted organizations went up from US$11.45 million in 2020 to an average of US$15.4 million in 2022, which is a 34% increase. Moreover, the average number of days it took to contain an incident in 2022 was 85 days, …
TikTok, which is a globally popular short video-sharing app, is owned by a billion-dollar Chinese tech company called ByteDance. Though it has been around for several years and has a large user base amongst teens and those in their twenties, the app has become the latest product in a political tug-of-war between China and numerous western democracies, with Canada being the latest.
Speaking in November 2022 after the release of the ACSC report and after the two major corporate breaches, Prime Minister Anthony Albanese said ‘it's a huge wakeup call and companies need to get their act together...we need to do much better.’ He then added that ‘the government has stepped up, [now] the private sector needs to step up in the interest of their customers but also their own interest.’
The biggest issue with remote work is security. Microsoft has reported that when staff first began working from home in early 2020, this ‘created new attack surfaces for cyber-criminals to take advantage of, such as home devices being used for business purposes’. Since then, IT and security experts have begun to think in new ways about protecting their employees without the benefit of physical closeness and confinement, and for the most part, it has worked. This is largely because ‘remote working in March 2020 is not the same as remote working in 2022…
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