Security Market Segment LS
Thursday, 09 August 2018 10:53

Australian firms spend less on security than US, UK, Germany and Singapore


Annual security costs for companies are much less in Australia than in Germany, the US, the UK and Singapore, the global cyber security firm Malwarebytes says in a report released on Wednesday.

The report was compiled by Osterman Research who spoke to 900 senior IT decision-makers across the five countries, asking them about the effect cyber crime was having on their businesses.

They were also asked about the IT security costs associated with remediation, hiring, recruiting and retention.

security events

The findings covering the Australian market:

  • Total annual security costs for Australian organisations were the lowest among the five nations surveyed at US$861,789, far less than the global average of US$1,167,178.
  • Australian organisations experienced fewer security incidents over the past 12 months than the global average of the five nations surveyed, But the survey said this may be set to change with the recent data breach regulation requirements coming into effect.
  • Sixty-seven percent of Australian organisations were affected by some type of security threat compared to the global average of 73%.
  • “Major” events in Australia were not as common as elsewhere. The report found that Australian organisations suffered an average of only 0.6 “major” events during 2017.
  • Despite this, Australian organisations suffered their fair share of attacks, with 67% saying they had been affected by some sort of threat during the previous year. They were also more likely than the global average to experience ransomware infections.
  • Salaries for security professionals in Australia were the highest among the five countries surveyed.
  • The average starting salary for an entry-level security professional in Australia is substantially higher than the global average.
  • Despite this, the prevalence of black hat activity in Australia was similar to the global average of other nations surveyed at 41%.
  • The average security budget for Australian organisations was set to increase. The average budget was nearly US$462,000 for a 2500-employee organisation in 2017, and would increase by almost 19% in 2018, the highest among the nations surveyed.
  • That said, security budgets in Australia were lower than the global average by 14%, and despite increasing, were still projected to be 10% lower in 2018.
  • Australian organisations spent the least among the nations surveyed on remediating active compromises – 7.9% of their 2017 budget – significantly lower than the global average of 12.5%.
  • The cost of remediating major events was the lowest among those surveyed. Australian organisations would spend the least among the nations surveyed to remediate a “major” event if it were to occur – an average of just under US$166,000 – which is significantly lower than the global average of nearly US$290,000.
  • Threats were taken seriously by Australian organisations, but only to a point.
  • Australian organisations were less likely than the global average to treat problems like ransomware and phishing as “very serious”, and they were much less likely than the global average to consider problems like nation-state attacks and hacktivism as very serious problems.
  • Australia had the lowest level of grey hat activity with only 3.4% of security professionals indulging in such activity. This was lower than the global average of 4.6%.

“As malware and cyber criminal activity advances and becomes more complex, the report highlights a growing need for Australian businesses to revisit how they identify, protect against and remediate malicious cyber activity,” said Malwarebytes regional director, Australia and New Zealand, Jim Cook.

“It is a concern that this report indicates that Australian businesses were more likely to experience ransomware infections than their global counterparts.

"Despite the increased risk facing Australian businesses, our budgets remain the lowest of the nations surveyed. This highlights how important it is for cyber security to remain a top priority for Australian organisations, especially as they look to set their business strategies and plans in motion for 2019.”

Graphic: courtesy Osterman Research

Please join our community here and become a VIP.

Subscribe to ITWIRE UPDATE Newsletter here
JOIN our iTWireTV our YouTube Community here


It's all about Webinars.

Marketing budgets are now focused on Webinars combined with Lead Generation.

If you wish to promote a Webinar we recommend at least a 3 to 4 week campaign prior to your event.

The iTWire campaign will include extensive adverts on our News Site and prominent Newsletter promotion and Promotional News & Editorial. Plus a video interview of the key speaker on iTWire TV which will be used in Promotional Posts on the iTWire Home Page.

Now we are coming out of Lockdown iTWire will be focussed to assisting with your webinatrs and campaigns and assassistance via part payments and extended terms, a Webinar Business Booster Pack and other supportive programs. We can also create your adverts and written content plus coordinate your video interview.

We look forward to discussing your campaign goals with you. Please click the button below.



iTWire TV offers a unique value to the Tech Sector by providing a range of video interviews, news, views and reviews, and also provides the opportunity for vendors to promote your company and your marketing messages.

We work with you to develop the message and conduct the interview or product review in a safe and collaborative way. Unlike other Tech YouTube channels, we create a story around your message and post that on the homepage of ITWire, linking to your message.

In addition, your interview post message can be displayed in up to 7 different post displays on our the site to drive traffic and readers to your video content and downloads. This can be a significant Lead Generation opportunity for your business.

We also provide 3 videos in one recording/sitting if you require so that you have a series of videos to promote to your customers. Your sales team can add your emails to sales collateral and to the footer of their sales and marketing emails.

See the latest in Tech News, Views, Interviews, Reviews, Product Promos and Events. Plus funny videos from our readers and customers.


Sam Varghese

Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

Share News tips for the iTWire Journalists? Your tip will be anonymous




Guest Opinion

Guest Interviews

Guest Reviews

Guest Research

Guest Research & Case Studies

Channel News