The increase in successful cyberattacks is causing many Australian executives to question whether cybersecurity prevention is truly possible. Organisations that adopt a prevention-first mind-set will be better-equipped to manage cyberthreats, according to Palo Alto Networks.
Sean Duca, Vice President and Regional Chief Security Officer, Asia Pacific, at Palo Alto Networks, said, “We must assume that not all cyberattacks can be stopped. However, prevention is possible to the point where the number of successful cyberattacks is reduced, making it manageable from a risk perspective.”
Palo Alto Networks advises organisations to manage their cyber risks through the continual improvement and coordination of three key elements:
- Technology
As computing power becomes less expensive, the cost of launching automated and sophisticated attacks decreases. Organisations can no longer rely on traditional or legacy security technology, or manual efforts by IT teams, to detect and respond to threats.
Sean Duca said, “Harnessing automation and integrated intelligence can continually raise the cost of making an attack successful. This helps to decrease the number of successful attacks.” - People and processes
Executive teams must invest in continually improving security management processes to prevent successful attacks.
Sean Duca said, “Many successful attacks involve poor processes or human error. Employees must receive regular training on how to identify cyberattacks and what to do in the event of an attack to help reduce the organisation’s threat surface.” - Sharing
Organisations that share threat intelligence with other institutions in real time can reduce the number of successful attacks. Sharing threat intelligence means attackers need to develop unique attacks every time they want to target an organisation, making it much more expensive, and less appealing, for the attackers.
Palo Alto Networks and its partners will share how Australian organisations can shape their cybersecurity prevention strategy at the Cyber Security Summit in September in Sydney. Through a series of keynotes, business, industry and technical presentations, as well as panel sessions, Palo Alto Networks will explore topics including privacy and regulation, cybercrime and key trends for the future.
For more information, visit: https://cybersecuritysummit.com.au/
