iTWire TV 160x1200notfunny

iTWire TV 160x1200notfunny

iTWire TV 705x108notfunny

Tuesday, 11 June 2024 10:19

Tenable poll shows 79% of Australian IT and cybersecurity leaders want more federal funding for preventive cybersecurity measures

By Tenable

COMPANY NEWS: Tenable, the exposure management company, today released findings of a pre-election poll, revealing that the Australian government can do more to strengthen cybersecurity, with IT and cybersecurity leaders seeing the current budget as somewhat adequate but insufficient in addressing evolving cyber threats.

In particular, IT leaders emphasise the need for increased federal funding for proactive cybersecurity, with 79% advocating for a stronger focus on preventive cybersecurity measures. While the ability to respond to and recover from cyber incidents remains essential, there is increasing importance placed on preventing such incidents altogether.

The data, collected in partnership with Pure Profile, comes from a poll of over 200 IT and cybersecurity leaders across the insurance, banking, education, healthcare and transport industries in Australia and reveals that while 60% of respondents express confidence in the government's ability to tackle cyber-related challenges due to the recent budget announcement, it's worth noting that almost 40% of stakeholders believe it falls short of meeting all requirements. The results from the poll offer sentiments into whether the Australian government has gone far enough to address the evolving cyber threats enterprises face and the risk mitigation strategies they can take against financial loss for cyber incidents.

In particular, the most recent Australian Signals Directorate Report shows that cybercrime is on the increase for enterprises, up 23% with an average report every six minutes, compared to one report every seven minutes in the previous year. The average cost of cybercrime has also increased by up to 14%. To mitigate cyber risk, the Tenable poll showed that Australian IT leaders are focusing more on preventative measures such as access controls and monitoring (64%), regular software updates and patch management (64%) and regular employee training and education on cybersecurity best practices (60%) as the top risk mitigation strategies against financial loss for cyber incidents.

Adoption of these measures is proving beneficial to organisations in areas such as lower cyber insurance premiums due to reduced cyber risks, with 44% of IT leaders experiencing reductions ranging from 5% to 15% underscoring the financial advantages of investing in preventive cybersecurity measures. This reduction not only alleviates financial pressure but also signals insurers' recognition of the effectiveness of proactive cybersecurity practices.

Tenable ANZ country manager Scott McKinnel says, "While it's encouraging to see that a significant portion of IT leaders believe the federal budget is addressing cyber threats, the strong call for preventive measures cannot be ignored. Organisations that adopt proactive risk management strategies not only enhance their security but also benefit financially through reduced insurance premiums. Both public and private sectors must continue to collaborate and prioritise preventive measures to stay ahead of emerging threats."

About Tenable
Tenable is the exposure management company. Approximately 44,000 organisations around the globe rely on Tenable to understand and reduce cyber risk. As the creator of Nessus, Tenable extended its expertise in vulnerabilities to deliver the world’s first platform to see and secure any digital asset on any computing platform. Tenable customers include approximately 65% of the Fortune 500, approximately 50% of the Global 2000, and large government agencies. Learn more at

Read 399 times

Please join our community here and become a VIP.

Subscribe to ITWIRE UPDATE Newsletter here
JOIN our iTWireTV our YouTube Community here

IDC WHITE PAPER: The Business Value of Aiven Data Cloud Solutions

According to IDC, Aiven enables your teams to perform more efficiently, reduce direct infrastructure costs, and provide improved database performance, agility and scalability.

Find out how Aiven makes teams 48% more efficient, allowing staff to focus on high-value activities that drive real business results:

340% 3-year ROI – break even in 5 months (average)

37% lower 3-year cost of operations

78% reduction in staff time for database deployments

Download the IDC White Paper now



It's all about Webinars.

Marketing budgets are now focused on Webinars combined with Lead Generation.

If you wish to promote a Webinar we recommend at least a 3 to 4 week campaign prior to your event.

The iTWire campaign will include extensive adverts on our News Site and prominent Newsletter promotion and Promotional News & Editorial. Plus a video interview of the key speaker on iTWire TV which will be used in Promotional Posts on the iTWire Home Page.

Now we are coming out of Lockdown iTWire will be focussed to assisting with your webinars and campaigns and assistance via part payments and extended terms, a Webinar Business Booster Pack and other supportive programs. We can also create your adverts and written content plus coordinate your video interview.

We look forward to discussing your campaign goals with you. Please click the button below.


Share News tips for the iTWire Journalists? Your tip will be anonymous

Subscribe to Newsletter

*  Enter the security code shown:





Guest Opinion



Channel News