Telstra has announced that it will be launching a new suite of managed security services and two new cybersecurity centres in Melbourne and Sydney. According to Neil Campbell, Telstra’s director of Security Solutions, the offerings will be ready for customers by July 19, with the aim to make the cybersecurity challenge easier for organisations to deal with.
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“We’re taking this opportunity to rethink and reinvent really our product portfolio very much with that mindset of ‘it’s not enough to offer point solutions, it’s not enough to focus on today’s problem’,” Campbell told ZDNet.
“We need to help our customers and help the community to improve its cybersecurity resilience, to be more ready for attacks, more resilient against them, and therefore be more profitable, have more confidence in using the internet, and that confidence and reduction in interruption will play right across the entire spectrum through consumer and small business to enterprise, and should ultimately result in better gross domestic product outcome.”
Telstra said its new managed security services depart from traditional approaches, which Campbell labelled as being “slow and cumbersome and reactive”.
“Our new managed security services technology platform is built on open source, in part so that we can democratise that kind of SIM layer — security, information, management layer — we’re trying to make technology more available to a broader part of the market at a more cost-effective rate so that we can help to raise that base level of security, not just in enterprise but pushing down into the mid-market, who wouldn’t previously have been able to afford services like this,” Campbell said.
“The first set of offerings will be what you think of as traditional managed security services — managed firewall, managed intrusion prevention — and it will be that full stack … it will give us the ability to manage the vast majority of security infrastructure that a customer needs to operate.
“Using an open-source platform in a very much more cost-effective way giving the customer the kind of transparency they need, but also using technologies like big data to prepare ourselves on behalf of our customers for the kind of massive event flows that we will see as we see a greater uptake of Internet of Things connecting to their network.”
Telstra made its announcements off the back of the release of its annual cybersecurity report, which revealed that the rate of “business-interrupting” cyber attacks have doubled in the past year in the Asia-Pacific region. Telstra’s Cyber Security Report 2017, released on Wednesday, showed that 59 percent of organisations in both Australia and the wider Asia-Pacific region surveyed reported one security breach at minimum on a monthly basis during 2016.
Campbell said the results being mirrored in APAC show that it is not merely an Australian problem.
“This is very much an industry challenge,” Campbell told ZDNet. Of the respondents to Telstra’s report survey, 42.2 percent were from Australia; 16.7 percent from India; 14.4 percent from Singapore; 13.6 percent from Indonesia and the Philippines; and 13.1 percent from Hong Kong. Distributed denial-of-service (DDoS) attacks have also grown significantly over the year, with Telstra’s report citing Imperva experiencing 100 percent growth of network- and application-layer attacks and Akamai reporting a 71 percent increase in total global DDoS attacks.
According to the report, ransomware was the most downloaded malware in the Asia-Pacific region during the year, with around 60 percent of Australian businesses experiencing at least one incident in the 12-month period. Of those that experienced a ransomware incident, 42 percent paid the ransom. However, nearly 33 percent of organisations facing a ransomware demand never recovered their files, despite paying up.
(Image: Screenshot by Corinne Reichert/ZDNet)
Telstra reported the top ransomware botnet in the region as being Locky, which carried out 74 percent of all attacks, followed by CryptoWall, at 14 percent; Cerber, at 11 percent; TorrentLocker, at 0.5 percent, CryptXXX and TeslaCrypt, both at 0.04 percent; VirLock, at 0.03 percent; and Cerberus, at 0.00005 percent of all ransomware demands.
“Obviously, ransomware is big business now, a big focus for cybercriminals,” Campbell said, adding that businesses can avoid getting themselves in a situation where they are susceptible to ransomware demands.
“The absolute most important thing is backup, backup, backup, and then backup again. And make sure that your backup strategy runs frequently enough and has enough layers in it that it is a combination of on-premises and off-premises storage,” he said. According to Campbell, SMBs do not back up their files as diligently as larger organisations, with ransomware attackers relying on the “sweet spot” in the market where information is business-critical, but where businesses are far less likely to have a strong backup regime.
Businesses also need to implement a better security system to begin with, Campbell said.
“Backup is — you’re kind of treating a symptom. You also need to take on the cause, which is the malware arriving on your network in the first place,” he explained.
“So a better approach to end-point security, a better approach to perimeter security, will always stand you in good stead. You don’t apply security in single, thin layers; you apply security in depth.”
Telstra’s new cybersecurity offerings will also enable organisations to battle the ransomware problem, Campbell said.
“When you think about managed security services, that service will enable organisations to more rapidly detect attacks, both attempts and successful, and be in a better position to respond to those attacks and eradicate the cause of the attack before any significant damage is done.”
Telstra’s new offerings were partly inspired by the Australian government’s own cybersecurity initiatives — beginning with its cybersecurity strategy launched in April last year — according to Campbell.
“I’m really heartened by how the government has been driving cybersecurity in Australia,” he said.
“I think it’s fair to say that that in part has been an inspiration, certainly an input to our strategy. I think the government has it right in that this is a societal issue: You can’t address cybercrime by going to each individual affected party and trying to fix the symptom of cybercrime one by one. You have to take a far more systemic or national … approach to it.”
Campbell hailed the government for backing up its policy with action by opening its first Joint Cyber Security Centre in Brisbane last month. The government also opened its Cyber Security Growth Centre opened in December and announced AU$1.9 million in funding for universities to deliver specialised cybersecurity training and become Academic Centres of Cyber Security.
Telstra is also satisfied with the “massive increase” in the level of involvement now being seen from C-level executives across Australia, Campbell said, which shows that companies are focused on driving progress.
“Cybersecurity within an organisation has to be a top-down focus,” he said.
“We need to see executives recognising the importance, incorporating cybersecurity into their risk-management programs and then driving improvement through the organisation, and tracking it as rigorously as they would any other significant risk.”
While Telstra is backing the effectiveness of its new system, Campbell said it is imperative that businesses accept that some cyber attacks will be successful; otherwise, they won’t be prepared for when an attack does succeed.
“An attack will be successful,” he said.
“The whole industry needs to get over that.”
Northwestern Mutual Tower Signage. Photo by Jeramey Jannene.
MILWAUKEE, March 28, 2017 NEWaukee is proud to announce Northwestern Mutual as the title sponsor of its YPWeek Milwaukee 2017, part of the YPWeek Wisconsin initiative taking place April 22 29, 2017. YPWeek Milwaukee, founded in 2012, is a weeklong platform of discovery, adventure and meaningful conversations about the issues that matter to young professionals. YPWeek Wisconsin has continued to reach across the state with the support of the Wisconsin Economic Development Corporation (WEDC) since 2015, and its participants have collaborated with the agency on a shared communication platform designed to retain, excite and grow the state s talent pool. YPWeek incorporates this platform into its programming, leveraging Think-Make-Happen, as an organizing theme.
In the past six years, NEWaukee has developed the most comprehensive millennial talent pool in the state of Wisconsin, explains Angela Damiani, CEO of NEWaukee. As an industry leader, Northwestern Mutual continues to develop cutting-edge technology to serve their clients. They are investing in the Milwaukee community by fostering an agile workforce armed with high-demand skills. YPWeek serves as a platform to reach out to those professionals as they seek the best talent to join their growing teams. As a title sponsor of the week, Northwestern Mutual will play a key role in YPWeek Milwaukee activities and will be featured at the following programs:
- Quiet to Cutting Edge: How Northwestern Mutual is Milwaukee s beacon of innovation: Monday, April 24, 2017 from 7:30-9 a.m.
Tim Schaefer, executive vice president for client and digital experience, will speak directly to young professionals about how Northwestern Mutual, the one-time quiet company, is now making noise with its digital transformation and culture of innovation.
- The Interview: A Reverse Job Fair: Monday, April 24, 2017 from 6 to 8:30 p.m.
Karl Gouverneur, vice president and Chief Technology Officer, will be one of several local business leaders pitching job-seekers on the advantages of joining their companies. Afterward, candidates can learn about and interview for open positions.
- The Speaker Crawl: Tuesday, April 25, 2017 from 6 to 8 p.m.
Sheldon Cuffie, vice president and Chief Information Security Officer, will offer an inspirational talk on his career journey, and lessons he believes others can benefit from. He ll deliver the keynote presentation at this Ted Talk-style event.
At Northwestern Mutual, people are what set us apart, and as we continue to celebrate our 160th year in business we remain dedicated to delivering a client experience that combines cutting edge technology, long-term product value and financial strength, said Jo Eisenhart, Northwestern Mutual, senior vice president of human resources. This partnership with NEWaukee gives us another way to develop top talent in the greater Milwaukee community and make an impact, as we continue to innovate and develop new tech and digital experiences.
In addition to activities happening in Milwaukee, YPWeek Wisconsin 2017 features events occurring in 25 cities across the state: Chequamegon Bay, Door County, Eau Claire, Fond du Lac, Fox Cities, Green Bay, Hayward, Kenosha, La Crosse, Madison, Manitowoc, Marinette, Marshfield, Milwaukee, Oshkosh, Platteville, Portage, Price County, Racine, Sheboygan, Stevens Point, Superior, Waukesha, Wausau and Wisconsin Rapids. For more information about YPWeek Milwaukee presented by Northwestern Mutual, please visit www.ypweek.com/communities/milwaukee. Additional information about YPWeek Wisconsin can be found at www.ypweek.com.
About Northwestern Mutual
Northwestern Mutual has been helping families and businesses achieve financial security for 160 years. Our financial representatives build relationships with clients through a distinctive planning approach that integrates risk management with wealth accumulation, preservation and distribution. With $250.4 billion in assets, $28.2 billion in revenues, and more than $1.6 trillion worth of life insurance protection in force, Northwestern Mutual delivers financial security to more than 4.4 million people who rely on us for insurance and investment solutions, including life, disability income and long-term care insurance; annuities; trust services; mutual funds; and investment advisory products and services. Northwestern Mutual ranks 100 on the 2016 FORTUNE 500, and is recognized by FORTUNE as one of the World s Most Admired life insurance companies in 2016. Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company, Milwaukee, WI (life and disability insurance, annuities, and life insurance with long-term care benefits) and its subsidiaries. Northwestern Mutual and its subsidiaries offer a comprehensive approach to financial security solutions including: life insurance, long-term care insurance, disability income insurance, annuities, life insurance with long-term care benefits, investment products, and advisory products and services. Subsidiaries include Northwestern Mutual Investment Services, LLC (NMIS) (securities), broker-dealer, registered investment adviser, member FINRA and SIPC; the Northwestern Mutual Wealth Management Company (NMWMC) (fiduciary and fee-based financial planning services), federal savings bank; and Northwestern Long Term Care Insurance Company (NLTC) (long-term care insurance).
NEWaukee is a social architecture firm that specializes in community-based signature experiences centered on high-profile issues of importance for the city of Milwaukee. NEWaukee also provides consumer, employer brand and talent engagement services to employers looking to attract and retain talent necessary to grow their businesses. Visit www.newaukee.com to learn more.
YPWeek Wisconsin 2017 brings together young leaders in 25 communities, at purposefully chosen locations that integrate the unique cultural assets with meaningful learning or social interaction. The activities engage the millennial workforce in activities and experience that are important to them while educating employers on the important role these functions play in retaining their workforce. Major sponsors of YPWeek Wisconsin 2017 include: Wisconsin Economic Development Corporation, Aurora Health Care, Northwestern Mutual, Concordia University Wisconsin, Bartolotta Restaurant Group, Wisconsin Media, and WTMJ 620. Visit www.ypweek.com to learn more.
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Philip May is the Prime Minister’s “translator” when she talks to businesses, sources have said.
Theresa May’s husband has a long career in the city of London and works hard behind the scenes to act as her eyes and ears according to reports. He also helps to translate business issues for his wife and acts as a key go-between in the City, senior executives have said. Sources told the Financial Times that Mr May also regularly speaks to party members and is known by some as the Prime Minister’s “secret weapon” because he is able to keep her in touch with the grassroots.
Philip May sat next to his wife, the Prime Minister Credit: EPA
Mr May, who began his career as a stockbroker in 1979 has spent most of his working life in the financial district.
He also worked in fund management at Prudential and then Deutsche Asset Management, before stepping back from managing money in 2006 to work on retirement products for Capital Group. But it is his role as the PM’s business translator that has become invaluable to Mrs May’s Number 10 operation.
The PM Credit: Getty
One senior executive told the FT: “He is very much a back channel to City sentiment.
“He does understand business in a way that [Mrs May] has not experienced herself.
“You could say he comes across as a translator for the PM.”
His role in the Prime Minister’s close-knit team is to remain “super-supportive and smiley” at all times, according to the report, which also claims he understands she must be in charge at all times.
Mr May also helps the PM with her fashion choices Credit: Getty
Mrs May has previously highlighted the support offered to her by her husband in her role running the country.
Speaking earlier this year she said of her husband: “He s been a huge support to me. Of course, because he s been involved in the party, he understands politics, which I think is very, very helpful. But she added that having close protection officers means the couple get less privacy.
The protection team get to know what Philip s getting for his birthday before he does because they see me buying it,” she said.