How CISOs are defending against the rise in cyber crime in Australia

The ADAPT webinar “Know Your Customer: 2024 ANZ Security and CISO Insights,” led by Gabby Fredkin, Head of Analytics and Insights, delved into the current trends, challenges, and strategies that are shaping the cyber security landscape for CISOs across Australia and New Zealand. 

The above video is only an excerpt. 

ADAPT’s Research and Advisory Advantage clients can watch our full webinar. 

Register to access the full webinar recording: Know Your Customer: 2024 ANZ Security and CISO Insights. 

Adapting to a dynamic threat environment  

Gabby highlighted how CISOs face an unprecedented volume of cyber threats, from sophisticated ransomware to nation-state espionage.  

CISOs are investing in threat intelligence and advanced monitoring to stay ahead of breaches. 

Integrating security with business strategy  

Gabby discussed how CISOs work with C-suite leaders to embed security in business processes.  

Many organisations now have cross-functional security committees to align security initiatives with business goals, fostering a culture of holistic risk management. 

Addressing skills shortages and building capabilities  

Gabby addressed the cyber security skills shortage.  

Organisations are implementing training programs and partnering with educational institutions to bridge the gap.  

Automation and AI are also used to enhance human capabilities, allowing teams to focus on strategic tasks. 

Leveraging advanced technologies  

The webinar examined the role of emerging technologies such as AI and machine learning in enhancing security operations. 

Gabby explained how AI-driven analytics can detect anomalies and predict breaches, while machine learning improves incident response times and reduces false positives. 

Balancing cost and security  

He also discussed managing cyber security budgets to ensure investments are effective and cost-efficient.  

CISOs use a risk-based approach to prioritise spending, demonstrating ROI to stakeholders and optimising resource allocation. 

Compliance and regulatory challenges  

Compliance with evolving regulations is critical.  

Gabby highlighted strategies CISOs use to stay ahead, including compliance management tools and third-party audits.  

Continuous monitoring and reporting help maintain robust security standards and build trust with customers and partners. 

Key Takeaways: 

• CISOs are increasingly integrating security strategies with business goals to create comprehensive security frameworks. 
• Addressing skills shortages is critical for building effective security teams capable of responding to modern threats. 
• Advanced technologies such as AI and machine learning are becoming pivotal in enhancing security operations.
• Effective management of security budgets is essential for balancing cost and security needs. 
• Staying ahead of regulatory requirements is crucial for maintaining compliance and robust security standards. 

The above video is only an excerpt. 

ADAPT’s Research and Advisory Advantage clients can watch our full webinar. 

Register to access the full webinar recording: Know Your Customer: 2024 ANZ Security and CISO Insights.