Taxes, insurance, and loans are known to be inescapable financial obligations that should be acknowledged, managed, and minimised but that cannot be ignored indefinitely by business owners and directors worldwide. Cybersecurity is no different, and in the business environment of today, some investment in cyber security is unavoidable.

When it comes to the issue of business cyber security, Tim Redhead tells his clients that the question is not whether to invest in it, but rather when and how much. All contemporary businesses WILL, in fact, incur costs related to cyber security, but while this is an unavoidable fact, businesses DO have control over the timing and size of these expenditures.Long-term cost savings can result from understanding this.

Although regular accounting, tax management, and loan repayment strategies are similar to timely and well-thought-out investments in cyber security, are they the best ways to manage the cyber risk for your organisation? Let's examine the two primary alternate strategies:

BUY NOW (and treat it as if it were your own)

With this strategy, the company assumes responsibility for its cyber security agenda. The company proactively addresses its level of cyber security maturity by prioritising and addressing risk in accordance with a reliable national or international standard or framework that is, ideally, vendor-neutral.

By addressing risk to an acceptable level and working within well-thought-out and documented time and budget constraints, this leadership-guided approach enables the business to choose a plan (possibly involving products, procedures, and/or services) that will satisfy organisational requirements.

The company is aware that this will cost money, but it will be money that was previously agreed upon and that is spent in accordance with conditions, deadlines, goals, and budgets established by the company. BUCKLE UP FOR A LONG RIDE AND PAY LATER!

The alternative strategy is for the company to temporarily postpone investing in a strategic cyber security approach. Perhaps the company purchases a few "silver bullet" goods or services, but since there isn't time and it's essentially just an expense for technology, it doesn't plan to improve strategic maturity. Cyber attacks are becoming more common and directors' liability is a constant worry in the background, but complexity and perceived cost keep putting cyber improvement on hold.

Finally, the hammer drops one day. There will then be hell to pay for: Attackers will demand payments under conditions that are actually illegal; US-style class-action law firms will demand compensation, and the legal costs alone will likely be unprecedented; insurers will likely pay up, but they'll also increase premiums and impose massive excess fees; recovery fees will be assessed at T&M high-priority rates (payable in advance, please); fines and penalties are to be anticipated for some industries, such as the financial sector; and then there are the cos.

The company is aware that this will cost money, as before. The difference in this situation is that other parties will set the prices, conditions, deadlines, results, and budgets, with very little involvement from the company itself.

We're not your typical cyber security company, and this isn't your typical live stream about cyber security.

This live stream should be the only cybersecurity-related content you watch this year. Join us on September 12, 2023.

Register for a free spot right now.

📅 Tuesday, 12 September 2023

⏰ 11:00am - 12:00pm AEST

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Recommend Redwires AU: Accessible News For Young Cybersecurity Aussies

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✍️ Cyber Job Corner ✍️

Cyber Security Analyst

Department:Parliament of VictoriaWork Type:Ongoing - full timeJob Function:IT and TelecommunicationsClassification:PoV5.1Work Location:Melbourne - CBDReference:VG/20230809Closing Date:23-Aug-2023Salary Range:$105,479 - $116,550Job Duration:N/AAttachments:002161C - Cyber Security Analyst.pdf (PDF, 126KB)Contact:Chris Goetz03 8682 2856

Position Details

Parliament of Victoria – Department of Parliamentary Services

We have an exciting opportunity for a Cyber Security professional. Reporting to the Cyber Security Coordinator you will work closely with the IT Team on Cyber Security activities within the Parliament of Victoria. You will play a vital role in keeping Parliament's proprietary and sensitive information secure.

As Cyber Security Analyst you will be conducting security assessments, ensure systems are up to date, monitor the SIEM and other systems for potential cyber events and/or vulnerabilities, plans and document the organisation's security controls to mitigate risk of security breaches.

About you

In addition to your experience in Cyber Security, you possess an excellent understanding of Cyber Security identification, prevention, detection, response and recovery mitigation. You have had exposure to Cyber Security Governance and Risk Compliance (GRC) and experience in providing innovative solutions to complex cyber security problems. You are a strong communicator and have the ability to influence both technical and non-technical audiences.

Why join us?

We offer all the benefits employees are searching for in a COVID-rich world including work-life balance, flexibility around how and when you work, a focus on employee wellbeing and a clear strategic vision.

Your professional development is important to us, that's why we have a dedicated learning and development framework, along with leadership development programs and targeted in-house training to support you in being the best version of yourself and developing you to take the next step in your career.

When you excel at your work and initiate innovative solutions or go above and beyond to demonstrate our values, you will be recognised for your efforts through our reward and recognition program.

How to apply

Using the "Apply Now" button, please include your resume and a brief cover letter (1-2 pages) broadly outlining your experience and how it directly relates to the position.

We're accepting applications until 11:59pm 23 August 2023. 

The process from here

A selection panel will invite shortlisted candidates to an interview. This interview may take place in our offices located in the Melbourne CBD or online.

⚠️ Be careful

When applying for jobs, avoid giving your bank or credit card information.

Please mention Redwires AU in your application.

⚠️ Report Job

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