A report by Canon Oceania emphasizes: how important it is for businesses in Australia and New Zealand (ANZ) to incorporate print security into their cybersecurity plans.
The study, “Transforming Print and Document Management in Australia and New Zealand,” finds that during the past two years 78% of the region’s organizations have experienced at least one print security incident. In order to improve overall cybersecurity measures, the report emphasizes the need to address potential vulnerabilities in print and document management.
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The report’s conclusions, which were prepared by IDC Asia/Pacific are based on information collected from more than 200 decision-makers in ANZ’s government agencies, corporations and small and medium-sized businesses (SMBs). Numerous organizations are actively planning to increase their spending on print and document cybersecurity as a result of the significant number of print security incidents shown in this research. A greater understanding of cybersecurity threats and the significance of thorough data protection, particularly in hybrid work environments is reflected in the fact, that nearly half of the organizations surveyed (49%) plan to increase their investments in this area within the next year.
Regarding the significance of print security, industry business strategy expert Mitchell Filby stated: “Obsolete printer passwords, insecure print jobs, insecure network connections, and outdated firmware are also common problems. The first step for businesses is to gain a better understanding of their current systems and then implement the necessary changes to make them more efficient and secure.
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Despite the pressing need for digital advancement, the report finds that only 24 percent of corporate departments have digitalised their document workflows. Companies are losing out on benefits like better security, more compliance and potential revenue growth. As a consequence of this slow adoption. Nonetheless, the report predicts that within the next two years. The digitization of document workflows will increase by as much as 40% indicating a positive change in this trend.
The report also makes a big deal out of cloud integration in the print environment. It draws attention to the fact, that less than half (46%) of ANZ companies have implemented cloud printing solutions, pointing to obstacles like user adoption, integration difficulties and connectivity worries. Thirty percent of the companies polled intend to use cloud-based printing within the next 2 years to solve these problems.
“The report’s findings reflect the conversations we are having with customers as they begin to look at their wider cybersecurity infrastructure and address vulnerabilities,” said Peter Kenny, Manager, Information Security at Canon Oceania. People’s failure to recognize the significance of print and document management, as a crucial part of overall security consideration and risk management has long been the problem.
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A regional shift towards more intelligent and sustainable document management practices is also demonstrated by the report. Which also highlights emerging trends such as an emphasis on sustainability and the environmental, social and governance (ESG) capabilities of vendors.
The opportunity for businesses was emphasized by Canon Oceania’s Senior Director of Sales & Support Group, Mike Murase: “Although this research reveals obvious gaps in print and document workflows across ANZ business, leaders are viewing this as an opportunity to modernize and secure their way of working.” Investment in this field and cooperation with service providers like Canon Oceania are essential for those, who wish to implement the required changes in their company, even though the change won’t happen right away.
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Another aspect of the report is how Generative AI (GenAI) is changing how businesses manage their print and document environments. GenAI integration within ANZ organizations is expected to grow, despite the current low adoption rate of only 17%. This suggests, that there may be substantial productivity gains in the future.
