Cyber resilience overtaking security compliance as top business priority

Cyber resilience is becoming a top business priority for the world's largest technology, media and telecommunications (TMT) companies, according to Deloitte's TMT Global Security Study.

The report found companies are shifting their cyber security from a compliance focus and will instead use 2013 as an opportunity to develop a robust information security strategy for managing their IT environments.

Not only is cyber risk a top technology priority for TMT businesses around the world but Deloitte Australia national security and resilience lead, Tommy Viljoen, said it is especially true in Australia. "The proliferation of third party networks has weakened defence systems, and 59 per cent of the organisations surveyed acknowledged a security breach in the last year," he said.