In our continuing series on Cyber Risk, we thought it would be interesting to see what the potential cyber risk is with the new Australian Privacy Principles and its implications for small business.
Are we prepared
90 % of private companies don’t have insurance against cyber risk, that’s one of the findings in Chubb 2013 Private Company Risk Survey. That means the uninsured companies will have to foot the bill if the are found liable for loss as a result of cyber crime, or data breach.
So if your cloud computing company is breached you may find your self ultimately liable for the loss of data .
APP Privacy principle 8—cross-border disclosure of personal information, will require your clients information held on servers in countries is at least substantially similar to the way in which the Australian Privacy Principles protect the information.
Where is your data held? And how does your cloud company protect it?
You could simply call Salesforce, Google, Jive Software, Demandware or Xero and ask which country your data is stored in or backed up in, as long as that country meets the similar privacy standard to Australia your fine.
Steve is a licensed insurance broker and marketer. He is an internet insurance pioneer in Australia.
Cyber Risk Trends
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Google in it’s daily blog has outlined what it see’s as a risk for Independent News Services – DDoS attacks are often used to attempt to censor news, human rights, and elections monitoring sites, and to bring down many other types of sites. Sites that are not using a content delivery network (CDN) or a major hosting provider often do not have the capacity to defend against these attacks.
The web is an increasingly critical tool for news organizations, allowing them to communicate faster, research more easily, and disseminate their work to a global audience. Often it’s the primary distribution channel for critical, investigative work that shines a light into the darkest corners of society and the economy—the kind of reporting that exposes wrongdoing, causes upset and brings about change.
Denial of service (DDoS) attack
Unfortunately there are some out there who want to prevent this kind of reporting—to silence journalism when it’s needed most. A simple, inexpensive distributed denial of service (DDoS) attack can be carried out by almost anyone with access to a computer—and take a site completely offline before its owners even know they’ve been attacked.
These attacks threaten free expression and access to information—two of Google’s core values. So a few years ago we created Project Shield, an effort that uses Google’s security infrastructure to detect and filter attacks on news and human rights websites. Now we’re expanding Project Shield beyond our trusted testers, and opening it up to all the world’s news sites to protect them from DDoS attacks and eliminate DDoS as a form of censorship.
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