Total risk
Total risk: The combined potential impact of all identifiable and non-identifiable threats that could affect an organization’s operations or assets. It takes into account both internal and external threats, vulnerabilities, and the potential impacts that could arise if these risks are realized. Effective risk management strategies aim to understand, mitigate, and, where possible, eliminate these […]
Trade secrets
Trade secrets: A trade secret is any practice, design, formula, process, or compilation of information not generally known or reasonably ascertainable, by which a business can obtain an economic advantage over competitors or customers. In the context of cybersecurity, protecting trade secrets is critical to maintaining competitive advantage and financial stability.
Trademarks
Trademarks: Legally registered symbols, names, or logos that identify and distinguish a company’s goods or services from those of others. They represent a company’s brand and reputation. In the digital world, misuse or theft of trademarks, often through techniques like typo-squatting or phishing, can lead to brand dilution, loss of customers’ trust, and financial losses, […]
Training and awareness
Training and awareness: The process of educating and informing employees about security best practices and policies in order to prevent security incidents and protect sensitive information. Examples -conducting regular security training sessions for employees and implementing a security awareness program for new hires.
The Australian Privacy Act of 1988
The Australian Privacy Act of 1988: A law that regulates the handling of personal information about individuals. This includes the collection, use, storage, and disclosure of personal information and access to and correction of that information. It includes thirteen Australian Privacy Principles that outline standards, rights, and obligations around these processes and applies to most […]
Third-party audits
Third-party audits: Independent assessments of an organization’s compliance with regulations, standards, or policies. These audits are typically performed by external organizations and can provide assurance to stakeholders that the organization is following appropriate practices and procedures. Examples include using third-party audits to verify the security of a financial system, to confirm the accuracy of a […]