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Australian organisations brace for cyber threats ahead of holiday season 

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Cyber attacks on logistics organisations have increased six fold over the last year, according to a new report.

According to BCI’s Supply Chain Resilience Report 2021, 27.8 per cent of organisations reported more than 20 supply chain disruptions during 2020, up from just 4.8 per cent reporting the same number in 2019.

The findings reveal a loss of manufacturing and logistics capacity and employee-power, paired with increasing demand for goods, has created an attack vector for cybercriminals: a potentially weak and vulnerable infrastructure to break through.

McAfee Enterprise and FireEye say Supply chain managers must identify risks, understand the potential downstream effects of a security breach or cyberattack, and prepare response plans so that they can act quickly in the event of an incident.

Cybercrime in a Pandemic World: The Impact of COVID-19 released by McAfee Enterprise and FireEye says over half (51 per cent) of Australian organisations have suffered from downtime due to a cyber concern in the last 18 months, with 82% of those happened during peak season.

83 per cent of Australian IT professionals find maintaining a fully staffed security team even more challenging during peak periods, while 87 per cent anticipate a moderate or even substantial impact on their business due to increased demand for their products and services during the holiday period.

Bryan Palma, CEO of the newly combined company says it is imperative that all business of scale evaluate and prioritise security technology to keep them protected, especially during peak seasons like the holidays.

“Traditional approaches are no longer enough – 94% want their organisation to improve its overall cyber readiness – and businesses need an integrated security architecture and an always on approach to prevent, protect and react to the threats of today,” he says. “Supply chain managers must identify risks, understand the potential downstream effects of a security breach or cyberattack, and prepare response plans so that they can act quickly in the event of an incident.”

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