Australia needs to wake up from its "cul-de-sac" mentality and recognise the significance of information to the long-term profitability of the country's enterprises, according to a security executive.
Looking at hack attacks worldwide, Simon Perry, vice president, security strategist at Computer Associates, said when comparing the percentage of worldwide domain names registered by Australian companies with the percentage of attacks waged against Australian companies, "Australia is at or above North America".
"North America has an electronic footprint of 60 per cent of the [worldwide] bandwidth; 42 per cent of hack attacks are targeted at US-based companies," he said. "For the Asia-Pacific region, including Australia, the footprint is about 10 per cent, but these companies get about 25 per cent of all hack attacks."
Perry said it is not that Australian companies are behind in their adoption of security technology or employees are any more disgruntled than those of other countries, but rather the mindset that "no-one will attack us" that is having a negative effect on security.
"Australian companies, like many companies around the world, are victims of insider attacks and random attacks."
Australia's regional office scenario also does not appear to be elevating our security focus. Perry said in an "idealistic world", head office security policies would be pushed down globally, but, more often than not, that is not the case.