This insight prompted us to bridge the gap by establishing an independent means to assess our overall cyber risk. The implications were significant: lacking quantifiable security could lead to compliance hurdles, litigation, and steep insurance costs following a cyber attack.

The global scale of cybercrime is impossible to ignore. In 2022, the world experienced staggering losses of $8 trillion AUD – a figure comparable to the GDP of major economies. With an annual growth rate of 20%, the exponential expansion of cybercrime could soon surpass even the largest national economies.

For us, the Threat Ready team, who are connected to a sister company offering IT and governance services to the financial sector, the challenge was magnified. Our clients no longer settled for verbal reassurances; they demanded concrete evidence of our cyber risk reduction efforts. The necessity for independent validation grew, especially as regulations tightened. The emergence of legal actions under the Corporations Act further underlined the urgency.

And so, the solution emerged: Threat Ready – a dynamic, adaptive platform designed not only to strengthen cyber hygiene but also to offer real-time response to emerging threats. Through empirical risk reporting, we extended our services to a broader clientele, providing essential support to organisations across Australia and New Zealand.

At the heart of our approach lies vulnerability scanning, a potent tool capable of mitigating up to 75% of cyber risks. Yet, the ever-growing landscape of vulnerabilities – with approximately 30,000 new vulnerabilities discovered yearly in critical operating systems – posed a challenge. This is where Threat Ready excels, offering a streamlined and cost-effective solution to proactively address these vulnerabilities.

Recognising the need to demystify cybersecurity for both technical and non-technical audiences, we’ve crafted an eBook. Tailored for individuals and organisations seeking actionable insights, this resource focuses on practical risk reduction strategies. It empowers organisations to bolster their cybersecurity posture across governance, compliance, and legal dimensions. By distilling recommendations from the Australian Cyber Security Centre into practical guidance, our eBook serves as a compass for navigating the complex terrain of cyber risk management.

We invite you to delve into the eBook – a comprehensive source of insights that not only highlight challenges but also equip you with solutions. Through knowledge, you can proactively fortify your digital landscape against cyber threats. Join Threat Ready on the journey to cybersecurity excellence – secure your free eBook today and connect with us to embark on this mission together.