Australian businesses must treat cyber security as a growth accelerator and not a handbrake, as they embrace the challenges and opportunities of the digital age, yet at the same time, widespread digital transformation has amplified the requirement for rigorous cyber-protection.
Businesses that earn the trust of their customers by being responsible stewards of their information will be rewarded with loyalty and positive word-of-mouth recommendations, Mark Perry, the chief technology officer of cloud security firm Ping Identity says.
A mix of large, medium-sized and small IT businesses have generally welcomed the measures in the Federal Budget that affect their industry, though the government's meddling in encryption — as evidenced in the passage of the encryption law last December — did not exactly earn many cheers.
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