Cyber fraud risks rise as focus shifts to obsolete technology

International Fraud Awareness Week prompted renewed emphasis on the dangers of overlooked and retired technology, as well as the growing sophistication of fraud in the digital era. Security and technology leaders are highlighting persistent gaps in organisational defences, and urging a more holistic approach to fraud prevention that extends beyond live systems and basic cyber hygiene.

Stuart Dahlenburg, VP & General Manager of Asset Lifecycle Management, Asia Pacific at Iron Mountain, points to legislative developments and operational practices that put organisations at risk. Dahlenburg notes that Australia's Scams Prevention Framework Act signals a shift: scam mitigation now carries explicit compliance and governance duties for businesses, technology companies, and telecommunications providers.