The bosses of leading companies say threats are escalating, forcing them to invest more in protecting critical infrastructure and safeguarding customer data.
Bayer Rosmarin and Koczkar are awaiting the outcome of forensic investigations into what happened at their companies and why their cyber defences were inadequate.“Cyber warfare is an arms race, and we all must keep lifting our game as the cybercriminal industry expands and emboldens,” Bayer Rosmarin says.
Cain says Coles recognises the importance of cybersecurity in terms of keeping data private and ensuring the business can continue to operate. Many CEOs said they had employed external experts to check and test their cyber protection measures to ensure they meet global best practice.AGL Energy’s interim CEO, Damien Nicks, says cyber threats are escalating, which is why AGL is increasing its investment in cyber risk reduction and associated regulatory compliance.
“We maintain a defence-in-depth approach to security, with multiple layers of controls and countermeasures in place to protect our information technology systems and data,” he says. “As we look for new ways to detect and neutralise threats to the online security of our customers, it’s important they, too, are aware of the role they play in keeping their information secure,” she says.