Menu
INSIGHT: Top 7 ways security can cost Kiwi businesses

INSIGHT: Top 7 ways security can cost Kiwi businesses

Most New Zealand organisations have a pretty good sense of the potential fallout from security breaches. However...

Most New Zealand organisations have a pretty good sense of the potential fallout from security breaches.

However, the truth is that data breaches are growing in number, and the financial cost is growing too.

The average cost of data breach has nearly doubled in the past five years, from US$6.46 million in 2010 to US$12.9 million today.

“The costs aren’t just monetary,” says Stuart Mills, Regional Director A/NZ, CenturyLink.

“Organisations must understand the other risks including damage to reputation and leaked intellectual property.

“Customers and users place an enormous amount of trust in the companies with whom they do business. A single breach can damage that trust forever.

“And, if intellectual property is leaked it could sound the death knell for any organisation.”

Mills believes that today, security isn’t just about basic monitoring services.

“Companies have far more to consider than they once did, particularly because of the rise of new technologies and business-use scenarios, like cloud and BYOD,” he adds.

“Instead, security is a holistic approach to protection, prevention, and response, and it needs to encompass all aspects of technology.”

For Mills, what organisations should consider when implementing, updating, and enforcing their security policy:

1. External threats:

The sheer number of external threats is growing, and there’s absolutely nothing we can do about it, other than maintaining constant vigilance through a security policy that is constantly updated and enforced.

The speed at which threats are increasing is exponential. For instance, there are millions of malware variations that enterprises must defend against, but it’s difficult for signature-based malware to keep up.

There are more distributed denial-of-services (DDoS) attacks than ever before, and they vary widely; they can be highly targeted or generic, long in duration or short.

And they mutate; there’s a new breed of DDoS attacks that use Web servers as payload carrying bots, which makes them even more damaging because of exponential performance increases.

And then there are application attacks, often targeted at financial systems, which can bring a company to its knees.

What’s even more problematic is that most organisations have already been breached - they just don’t know about it.

2. Internal threats:

Employees often leak data because security policies are not enforced. External threats are real and dangerous.

But internal threats can be just as common and just as damaging. Internal threats are often inadvertent, stemming from a lack of oversight as well as from disgruntled employees who leak sensitive data right after they’re fired.

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags securityCenturyLink

Featured

Slideshows

Reseller News launches inaugural Hall of Fame lunch

Reseller News launches inaugural Hall of Fame lunch

Reseller News welcomed 2015 and 2016 inductees - Darryl Swann, Dave Rosenberg, Gary Bigwood, Keith Watson, Mike Hill and Scott Green - to the inaugural Reseller News Hall of Fame lunch, held at the French Cafe in Auckland. The inductees discussed how the channel can collectively work together to benefit New Zealand, the Kiwi skills shortage and the future of the industry. Photos by Maria Stefina.

Reseller News launches inaugural Hall of Fame lunch
Educating from the epicentre - Why distributors are the pulse checkers of the channel

Educating from the epicentre - Why distributors are the pulse checkers of the channel

​As the channel changes and industry voices deepen, the need for clarity and insight heightens. Market misconceptions talk of an “under pressure” distribution space, with competitors in that fateful “race for relevance” across New Zealand. Amidst the cliched assumptions however, distribution is once again showing its strength, as a force to be listened to, rather than questioned. Traditionally, the role was born out of a need for vendors and resellers to find one another, acting as a bridge between the testing lab and the marketplace. Yet despite new technologies and business approaches shaking the channel to its very core, distributors remain tied to the epicentre - providing the voice of reason amidst a seismic industry shift. In looking across both sides of the vendor and partner fences, the middle concept of the three-tier chain remains centrally placed to understand the metrics of two differing worlds, as the continual pulse checkers of the local channel. This exclusive Reseller News Roundtable, in association with Dicker Data and rhipe, examined the pivotal role of distribution in understanding the health of the channel, educating from the epicentre as the market transforms at a rapid rate.

Educating from the epicentre - Why distributors are the pulse checkers of the channel
Kiwi channel reunites as After Hours kicks off 2017

Kiwi channel reunites as After Hours kicks off 2017

After Hours made a welcome return to the channel social calendar last night, with a bumper crowd of distributors, vendors and resellers descending on The Jefferson in Auckland to kickstart 2017. Photos by Maria Stefina.

Kiwi channel reunites as After Hours kicks off 2017
Show Comments