Worldwide Data Breach Rankings Led by Australian Entities
In the digital age, Australia finds itself at the forefront of a concerning trend - data breaches. According to a comprehensive survey and telemetry research conducted across multiple countries, Australia holds the unenviable title of leading the world in data breaches.
The research, which included CIOs, CISOs, VPs, and Directors of IT and Security from various industries, revealed that 82% of Australian organisations experienced a cyberattack in 2023, with data breaches being the most prevalent style of attack. This is a significant increase from previous years, and it seems that the situation is only worsening.
Ransomware, a particularly malicious form of cyberattack, accounted for more than a third (36%) of local cyber incidents. In 97% of ransomware cases, enterprises reported paying a ransom to recover data or stop an attack, with 70% of these cases occurring following an encryption event.
The cloud, a popular and convenient solution for many organisations, is not immune to these threats. In fact, it is the most commonly targeted architecture for data breaches in Australia. Cloud environments were the most targeted in the country, with 75% of local respondents reporting malicious activity. According to Rubrik telemetry, there are security blind spots in the cloud, with object storage having far lower security coverage.
The cloud's association with a significant risk, particularly concerning vulnerable sensitive data, is evident. More than a quarter of object storage data in a standard cloud instance is sensitive data, such as protected health information and personally identifiable information.
Ineffective backup and recovery solutions were the second most common limiting factor noted in the wake of a cyberattack in Australia (21%). This underscores the importance of robust security measures and comprehensive backup strategies in the digital landscape.
In the aftermath of an attack, the most common action Australian organisations took was to increase spending on new technologies or services (77%), which is notably higher than the global average of 55%. This suggests a shift towards cyber resilience strategies as organisations recognise the urgency of the situation.
Antoine Le Tard, Rubrik Vice President, emphasised the need for such strategies, stating that Australia's high rate of data breaches indicates a need for a more proactive approach to cybersecurity.
As the digital world continues to evolve, so too must our strategies for protection. It is clear that Australia, with its high rate of data breaches, has a significant challenge ahead. However, with the right strategies and investments, it is possible to turn the tide and ensure a safer, more secure digital future.
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