Eighty-nine percent of board directors say that digital business is now embedded in all business growth strategies, according to a new survey from Gartner, Inc. However, just 35% of board directors report that they have achieved or are on track to achieving digital transformation goals.

New details have emerged on the severity of the Medibank hack, which has now affected all users. Optus, Medibank, Woolworths, and, last Friday, electricity provider Energy Australia are all now among the household names that have fallen victim to a data breach.

A study into the Future of Data Architecture study has revealed major discrepancies in how data architecture and management is viewed across organizations – with central data and analytics teams generally satisfied with the future viability of their data landscapes, but business users unconvinced that existing architecture is modern enough to meet constantly evolving business needs.

Cybersecurity threats are becoming more challenging for businesses. According to PurpleSec’s Cyber Security Trend Report in 2021, cybercrime surged by 600% during the pandemic, increasing the costs incurred by cybercrimes at an astonishing rate. An effective cyber risk management program is indispensable to protecting your organization against cyberattacks. A risk management strategy should include using risk quantification methodologies to measure cyber risk and understand the potential financial impact.