Enhancing Cyber Security in Melbourne: Expert Insights from RSM’s Darren Booth

With cyber threats intensifying and technology evolving, businesses in Melbourne need robust cyber security strategies to safeguard their operations. Darren Booth, RSM’s Partner for Cyber Security and Privacy Risk Services, shares insights into key cyber security challenges, industry-specific risks, and practical solutions for Melbourne’s business landscape.

Understanding Melbourne’s Unique Cyber Security Landscape

While many cyber security principles apply universally, Melbourne has distinct characteristics shaped by local policies and sectoral needs. For example, the healthcare sector in Victoria follows specific state-mandated guidelines, such as the digital health check, to maintain security standards. “The Victorian government has invested in a comprehensive security framework for healthcare providers to prevent breaches that could disrupt critical services,” Darren explains. This checklist, covering governance to threat monitoring, is essential to keep patient data secure and operations running smoothly.

Other sectors, like financial services, follow a national approach governed by the Australian Prudential Regulation Authority (APRA), which sets cyber security standards across states. Darren notes, “National frameworks ensure that Melbourne’s businesses
can stay compliant while adopting best practices, but some unique local requirements can add extra layers of security.”

The Real Impact of a Data Breach on Businesses

A data breach is not just a technical issue; it impacts every facet of an organisation. Whether it’s a ransomware attack that locks systems or a data exfiltration where sensitive information is stolen, the aftermath can be severe. “When a breach occurs, it diverts management’s focus, disrupts operations, and damages reputation,” Darren explains. For instance, high-profile breaches like those impacting Optus and Medibank illustrate how a cyber incident can lead to customer distrust and financial losses.

For Melbourne businesses, protecting data isn’t just about avoiding fines—it’s about
preserving trust. “Taking proactive steps, like setting up an incident response plan, can significantly reduce the impact of a breach,” Darren advises. This approach not only
prepares companies for quick recovery but also reassures customers that their data is in safe hands.

Affordable Cyber Security for Small to Medium Businesses

While large organisations may have comprehensive cyber security budgets, small and medium-sized enterprises (SMEs) often operate on tighter margins. However, Darren emphasises that essential security doesn’t have to be costly. “Simple measures like enabling multi-factor authentication (MFA) and regularly updating software patches can greatly enhance security without significant expense,” he suggests.

Darren also recommends secure data backups as a low-cost way to maintain resilience. “For a small monthly fee, you can back up critical data, which can be a lifesaver if you’re hit by a ransomware attack,” he says. The Australian government has released a cyber security best practices guide for SMEs, which Darren points out as a valuable resource. “The checklist includes actions like activating MFA, managing patches, and installing antivirus software, making it easy for small businesses to improve their security posture.”

Building Cyber Resilience

Beyond prevention, cyber resilience ensures that businesses can respond to and recover from attacks. RSM has appointed a dedicated cyber resilience director to help clients build comprehensive response plans. “Cyber resilience is about more than just preventing breaches—it’s about equipping businesses to respond effectively when an incident occurs,”

 Darren explains. This involves practicing response simulations and conducting
regular risk assessments. Darren likens cyber resilience to an insurance policy: “You hope you never need it, but if a breach happens, having a plan can make all the difference. Simulating cyber incidents gives businesses the muscle memory to respond under pressure.”

Network Security Essentials

Network security forms the backbone of any cyber strategy. Darren advises businesses to invest in network monitoring tools that prevent breaches, detect unusual activity early and limit the impact of a breach. “By using internal firewalls, you can limit the damage in case of a breach,” he says. Regular security assessments by a reputable CREST accredited penetration testing firm like RSM, also play a vital role, ensuring networks remain secure and that vulnerabilities are quickly addressed.

Cloud Security: A Shared Responsibility

As more businesses move to the cloud, understanding the shared responsibility model is crucial. “Cloud providers secure the infrastructure, but businesses still need to manage their data and access controls,” Darren explains. Tools that monitor cloud configurations can offer peace of mind, helping ensure cloud environments are secure and compliant.

Cloud security doesn’t have to be daunting. For many companies, cloud solutions reduce complexity by handling infrastructure security, allowing organisations to focus on data protection. Darren reassures, “With the right setup, the cloud can offer enhanced security and scalability, especially for smaller businesses.”

Upskilling for a Secure Future

With cyber threats constantly evolving, staying informed is essential. Melbourne’s cyber security community offers several resources, including hosting CyberCon and industry meetups, which provide training and insights. “Cyber security is a collaborative field in Melbourne. Professionals are more than willing to share knowledge and support each other,” Darren says.

RSM also hosts webinars and in-person training events, helping organisations stay ahead of the latest threats. “Building a knowledgeable team is the first line of defence for any business,” Darren advises.

Conclusion: Future-Proofing Melbourne’s Businesses