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Blog Blog Events News Privasec Named 2021 AISA Awards ‘SMB Employer of the Year’ November 23, 2021 No Comments Privasec is proud to be the 2021 winner of the category SMB Employer of the Year in the Australian Information Security Association (AISA) Awards. In this award, we are recognised as a company with high engagement …

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FEB 2021 Events

It’s mid-Feb and the Privasec team are excited to bring to you two upcoming events, our first physical event of the year in Sydney, Australia, and a virtual session in Singapore.

Long-Term Cyber Hygiene Practices | Privasec

Ensure business continuity via long-term Cyber Hygiene practices

Written by Breton Chan, Privasec’s Marketing Executive

How prepared is your business for upcoming challenges in the digital landscape?

In recent research data released by the Ponemon Institute and IBM Security, cyber crimes accounted for 18.6% of all crime in Singapore. The average cost of a data breach per organisation in the ASEAN bloc sits at about S$2.7m, with the time taken to identify and subsequently contain an attack clocking in at 287 days; this is an increase from 2019, when the average cost and response time were about S$2.6m and 259 days respectively.

Privasec in the News

News Blog Events News Data Privacy Panel Discussion: DPTM vs CBPR January 13, 2022 No Comments Privasec Named 2021 AISA Awards ‘SMB Employer of the Year’ November 23, 2021 Privasec Australia co-creates Sekuro October 19, 2021 Thank you for making Privasec a Great Place To Work! October 13, 2021 Privasec × AiSP Joint Webinar: ISO …

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Industry Publications

Industry Publications Blog Events News Blog New CORIE Framework by the Council of Financial Regulators for APRA-regulated financial institutions admin December 10, 2020 No Comments Blog Payment Card Industry Data Security Standard (PCI DSS): Why is Compliance Critical? November 14, 2018 Blog The rise and rise of ISO 27001 in Australia and worldwide April 30, …

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GRC & Strategy

GRC & Strategy Standards & Certifications Compliance & Regulations Strategy, Risk & Governance FEATURED CASE STUDY ISO 27001 Case Study How Canva embarked on its cyber security maturity journey and achieved ISO 27001 certification Read Their Story Experience & Care Because we care as if it was our company, our consultants leverage years of global …

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Quantifying Cyber Risk

As more business processes increase their reliance on data, information security is not just a technical issue anymore. The bigger question, however, is around adoption of an effective risk management framework that not only quantifies risk but also improves executive decision making.

One such structured and defensible framework is FAIR (Factor Analysis of Information Risk).

Putting a Dollar Value to Cyber Risks

Is it possible to calculate the return of investment on cybersecurity controls?

Traditionally, organisations have struggled to calculate the financial losses from cyberattacks/ fraud and prioritise security investments based on Return of investment (ROI). Frameworks such as APRA CPS 234 demand regulated entities to maintain information security capability commensurate with information security vulnerabilities and threats. However, the APRA CPS 234 framework doesn’t provide enough information to articulate cyber risks in financial metrics with which business executives and board are familiar with. FAIR is one framework that helps quantify the risks and measure the expected financial loss due to a cyber attack.

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