Security vulnerabilities are inevitable, and attackers and defenders are in a never-ending race to discover them first. As soon as we find a new attack technique, a bad actor is looking for the next one. Attackers are getting to your firm’s valuable assets faster thanks to new tools, automation, and more opportunities to move through your cloud environment unnoticed.
I get grilled by clients every week with all sorts of questions, some technical, some mundane, some challenging. But the fundamental question that underlies almost all of them is: “How can I get a better return on my IT investments?” In the spirit of keeping things simple, here then are the four things I believe every CTO needs to do to generate better ROI.
Open source software is everywhere. No matter the industry, every business relies on software to meet their business needs. And most of applications that organizations build and use contain open source elements in their code. As industries migrate to cloud-native applications, and as applications grow in complexity, software security risk grows as well.
Data is driving the global economy. With data long-considered the new oil or gold, firms continue to invest heavily in data management and data-led solutions. In fact, by 2030, data collection and analysis will become the basis of all future service offers and business models. Many organisations may be investing in data management solutions without realising the real cost of data management compared to the value they are getting, according to SNP.
IT professionals have never faced a taller challenge. Gone are the days where IT support consisted of only dealing with the co-worker who spilt coffee on their laptop or hasn’t tried turning it on and off again. Instead, IT teams now need to protect dispersed organisations from a range of cyber threats, and for organisations who haven’t invested correctly in cybersecurity, the consequences will be much worse than a coffee-stained keyboard.
With six major data breaches in October 2022 alone, it is becoming clear Aussie firms have become targets for a new ‘cyber’ take on age-old crime. Traditional offences such as theft, blackmail, and ransom attempts are not as trendy as they used to be with the gravitation towards the cyber realm—where all signs show that cybercrime will not be slowing down.
Most of us are familiar with phishing emails, with the tell-tale signs of a dodgy emails easy to spot. But, phishing scams are becoming more sophisticated and harder to catch, and aren’t slowing down in volume. Although phishing began on email, it now happens on all digital channels with the ACCC even warning consumers of the spike in ‘Hi Mum’ scams via SMS.
When I first ventured into the world of owning my own business, it made logical sense for me to start by buying a franchise. I knew it would provide me with the business model, systems and processes that would allow me to grow and learn but also feel supported in my journey. That’s exactly what I did. I then bought the company. The franchising business model is a solid model that has proven its effectiveness. It not only provides scalability, but also cash flow for that growth, which is often the biggest issue facing business owners today.
The metaverse is gaining momentum across the world, ushering in a new era of digital connectivity that will ultimately include a different web network with 3D virtual worlds. According to Bloomberg, metaverse will capture $800bn in market share by 2024 as it converges at the intersection of ecommerce, social commerce, gaming, web 3.0 and the creator economy while new platforms will see consumers and businesses trading virtually.
Black Friday has become one of the most anticipated dates on Australia’s shopping calendar, with the event at the end of November heralding the...