Cybersecurity News

Bank Outages Highlight Growing Cybersecurity Risks

Written by StickmanCyber Team | Oct 29, 2024 1:18:14 AM

ACS (Australian Computer Society) is Australia’s premier professional association for the technology sector, with a membership of over 49,500 professionals spanning industry, government, and education.

Recent disruptions to major Australian banks’ online services have raised concerns about digital infrastructure resilience. These outages underscore our dependency on digital payment systems and the cybersecurity risks they entail, prompting experts to reassess vulnerabilities in the financial sector’s preparedness.

In light of these events, Information Age interviewed our founder and CEO, Ajay Unni, to gather his immediate thoughts, which were featured in the ACS article.

Read Ajay’s contribution to the article below, and read the full article published in ACS here

Ajay Unni, founder and CEO of StickmanCyber, shared a key perspective on this issue in a recent article by the ACS, stating, “We are living in a digital world and while systems can go down for multiple reasons, every incident could possibly have a cyber threat associated with it.”

Ajay's observation underscores the need for both financial institutions and their customers to maintain a high level of vigilance and preparedness. As cyber threats evolve, building resilience requires anticipating and addressing vulnerabilities within digital systems. Financial organisations need not only robust cybersecurity frameworks but also incident response protocols that consider both technical and user-centric responses.

At StickmanCyber, we work with organisations across sectors to strengthen cyber resilience, helping them stay ahead of threats while building confidence among their customers. 

ABOUT STICKMANCYBER 

StickmanCyber is a leading and innovative Australian Compliance and Security as a Service
(CSaaS) provider. It keeps organisations safe by identifying & mitigating cyber risks, and threats,
while also automating their compliance and providing comprehensive reporting across all cyber
risks, operations and compliance standards. 

For mid-market enterprises that often lack resources and specialised cyber
expertise, StickmanCyber offers complete cybersecurity protection, compliance and certification
at a fraction of the cost of doing it in-house. Its complete range of services includes Compliance
and Security As A Service (CSaaS), Virtual CISO, CREST-accredited Penetration Testing,
Threat Intelligence, 24x7/365 days security operations with Incident Response, AI-powered
security and Compliance Platform and more. 

Its team of qualified, certified, customer-focused, cybersecurity consultants have years of
practical experience across multiple industries. The company offers a pre-built ready-to-deploy
cybersecurity and compliance function, helping hundreds of Australian enterprises simplify their
cybersecurity and compliance functions. 

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