Sadeed Tirmizey

Technology is a constantly evolving space and it has allowed for the rise of cyber crime to infiltrate businesses and their customers with 22% of frauds involving the use of technology in 2017. There is a greater need to protect information and prevent data theft and security breaches externally and also internally. A recent ASX and ASIC study found that 40% of ASX100 companies consider cyber security their number one area of risk in 2017, and 80% expect the level of risk to raise over time. Relevant regulations and procedures need to be utililised, but the best line of defence will be the employees. If there is a culture of good conduct staff will be able to detect and report and be more inclined to do the right thing initially.