Cyber Security for Future Connectivity

Brett Waddington, GM for Cyber and Managed Security Services at Superloop, discusses the evolving cyber security challenges in the context of future connectivity. He highlights the growing complexity of securing organisations as they expand, particularly in industries like telecommunications, where scaling quickly can strain security resources. Brett draws parallels between the rapid growth in cybercrime and historical periods like Prohibition, where a lack of regulation and oversight created opportunities for illicit activity. He notes the emergence of new forms of cybercrime, such as ransomware, which has dominated the cyber security landscape since 2013, and the more recent phenomenon of ransomware-as-a-service. As these threats grow in sophistication, organisations must adapt by investing in stronger security frameworks and continuously evolving their defensive strategies. He explains that, just like during Prohibition, cybercrime has evolved into a sophisticated, multi-billion-dollar economy, surpassing even the illicit drug trade in profitability.

As organisations grow, they are increasingly…