“Many of these incidents where responders have been pushed are long hours of work. [are to blame]”
Last year, IBM laid off 22,000 employees, of which 3,900 last week were part of the industry’s global recession. But Henderson said the cybersecurity department was shielded from layoffs.
“Given rising costs, understand that security teams are being asked to do more with less,” he said.
“We need to develop new talent in the industry, and we need to improve efficiency in the same way that attackers improve efficiency so we can reduce costs.”
Henderson said there are also shortages in the United States and Asia, including Australia, and regions where incidence rates are rising.
“What you’ve seen is a pivot to Asia, not just Australia, rather than just focusing on American financial services clients, or mostly American financial services clients. Think of it as business expansion.”
Australian telecoms giant Optus revealed in September that a cyberattack had stolen the personal data of about 10 million customers. This week, hackers broke into at least a dozen Australian businesses using a sophisticated campaign that compromises online education.
Chris Hockings, Chief Technology Officer, IBM Security Australia and New Zealand, said: Australian Financial Review The Asia-Pacific region, including Australia, will become the most targeted region globally in 2022 for the first time.
“IBM’s growth in cybersecurity services reflects that trend in the Asia-Pacific region,” he said.
Banks face the most adversarial threats of any sector, Hockings said.
“Industries where cyberattacks cause economic losses or face regulatory penalties show the greatest interest.”
According to the Australian Cyber Security Center’s latest annual threat report, between July 2021 and June 2022, cybercrime reports increased by nearly 13% over the previous financial year.
Since 2016, more than 13,000 companies have conducted training and planning exercises to prepare for cyberattacks at IBM’s cybersecurity headquarters, known as X-Force in Boston, Massachusetts.
Jennifer Szkatulski, senior security architect at X-Force, said IBM is recreating the organization’s “worst fears” and preparing to handle the expected increase in attacks.
The author visited Cambridge, Massachusetts, courtesy of IBM.