🇦🇺Australia

Poor Mitigation Decisions from Inadequate Assessments

2 verified sources

Definition

Inaccurate risk level evaluation results in under-investing in critical areas, leading to financial damage from unmitigated threats.

Key Findings

  • Financial Impact: AUD 20,000-100,000 per cyber incident from unaddressed vulnerabilities; typical SME breach cost
  • Frequency: Per unmitigated risk event
  • Root Cause: Manual evaluation fails to align risks with business appetite accurately.

Why This Matters

The Pitch: IT System Design Services in Australia 🇦🇺 suffer AUD 20,000+ in breach costs from flawed risk planning. Automation ensures accurate risk prioritization.

Affected Stakeholders

CISOs, CTO, Board Directors

Deep Analysis (Premium)

Financial Impact

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Current Workarounds

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

Manual Risk Assessment Bottlenecks

20-40 hours per assessment at AUD 150/hour (AUD 3,000-6,000); 2-5% project delays leading to capacity loss

ATO BAS Lodgement Penalties

AUD 222 failure-to-lodge penalty per BAS + AUD 52/week thereafter (ATO standard rates)

Fair Work Record-Keeping Fines

AUD 4,560 per breach for failing to keep employee records (Fair Work Ombudsman penalties)

Rework from Poor Solution Design Documentation

20-40 hours rework per business case at AUD 150/hour architect rate = AUD 3,000-6,000

Delayed Invoicing from Design Documentation Gaps

15-30 days increased DSO = AUD 5,000-10,000 tied capital per AUD 100k project

Unbezahlte Change Requests durch fehlende schriftliche Nachträge

Quantified (logic-based): ~3–5 % of project revenue; e.g. AUD 15,000–25,000 on a AUD 500,000 IT system design project, or ~AUD 150,000/year for a firm with 10 such projects.

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