Cyber Monday: Allianz study shows most Australian businesses not prepared for cyberattacks
As consumers take advantage of seasonal shopping deals on Cyber Monday, many businesses leave themselves open to attack from cybercriminals.
Despite cybercrime being widely ranked by Australian businesses as one the top risks facing them, more than half (56%) of smaller enterprises are not prepared for cyberattacks, research from Allianz’s Global Assistance division (AGA) reveals.
Cyber Monday is one of the busiest online days of the year, with many consumers looking to take advantage of retail sales. However, it also presents an opportunity for hackers to harvest valuable data.
The past year has seen an increase in local and global cyber-attacks, with a staggering 300% increase in 2016 alone. Whilst there are number of Australian small businesses that have security measures in place to combat these attacks, a survey conducted by AGA revealed that only 20% feel that their business is ‘very well’ protected from potential harm.
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Brad Smith, Chief Sales Officer of Allianz Global Assistance, commented: “It is alarming to see that cybercrime is increasing, yet organisations that regularly review and test IT systems is decreasing – 73% in 2015 to 57% in 2016. The need for a strong cyber security measure has never been greater.”
Whilst online retainers run the risk of becoming a cybercrime victim, the five most common cyber-attacks that impact small Australian businesses include ransomware, spyware, a Trojan, a virus or a worm, which can affect common devices such as desktops, laptops, tablets and smartphones.
The potential risks with these types of attacks include loss of data, compromised financial security and in worst cases, identity theft.
Airbiquity and Cyngn make any warehouse vehicle autonomous
This new partnership will support companies working in warehouses move and handle goods without needing a human to drive the machines. By introducing this technology, warehouses will have the ability to evolve their existing vehicles to become autonomous.
“Working with Cyngn, we have the opportunity to help guide the future of autonomous vehicles and make our technology accessible to more industries,” explained Kamyar Moinzadeh, President and CEO of Airbiquity.
Vehicle agnostic technology for flexibility
Cyngn’s flagship product, DriveMod, is an end-to-end autonomy solution that can be flexibly deployed on multiple vehicle types in various environments. DriveMod delivers intelligent analytics, artificial intelligence, advanced safety features and self-driving capabilities for industrial vehicles.
The technology is vehicle agnostic which means DriveMod works across all kinds of industrial vehicles, regardless of age, vehicle type or manufacturer.
"On the heels of announcing our OTAmatic expansion into non-automotive industry vehicles, this partnership is further validation of the need for safe and secure industrial-grade over-the-air software update management technology to ensure that autonomous vehicles are running most efficiently," said Moinzadeh.
OTAmatic, an over-the-air (OTA) software and data management solution, developed by Airbiquity, securely orchestrates and automates connected vehicle software updates and data management from the cloud.
Securely evolving vehicles to become autonomous
By integrating Airbiquity’s OTAmatic and Cyngn’s DriveMod, organisations can invest in industrial AV technology that starts generating value today while being prepared to tackle the challenges of tomorrow.
Typically, industrial AV solutions require companies to completely replace their existing fleet. This new partnership between Airbiquity and Cyngn shifts that paradigm through retrofitting.
Discussing the benefits of the new partnership, Lior Tal, CEO at Cyngn said: "Autonomous vehicle fleets generate vast amounts of data, which we leverage to derive greater insights and create opportunities for increased efficiency. By using Airbiquity's most advanced and industry-proven over-the-air update technology, companies gain access to these ever-expanding capabilities without disrupting their daily operations."
With both companies’ technology, organisations in the materials handling market will be able to securely evolve their vehicles into AV systems which can be refined over time – thus leading to increased autonomous fleet management efficiency and up-time.
Leveraging data to improve AVs
DriveMod enables fleets of all shapes and sizes to drive autonomously. This can be achieved by a simple retrofit or by being embedded directly into original equipment manufacturer (OEM) vehicles at assembly.
Businesses within many industries, such as mining, automotive and construction, use OTAmatic to efficiently plan and execute OTA campaigns. This can be done with refined vehicle and device targeting, discrete policy and privacy controls, customisable user communications and solution deployment flexibility.
Over time and with more data, DriveMod will develop a deeper understanding of the domains in which it operates. Combining this with OTAmatic’s over-the-air software updates ensures autonomous vehicle fleets will continue to generate novel value and efficiency.