Cybercrime rates in Australia have surged, with online attacks averaging out to one every six minutes, according to the Australian Signals Directorate (ASD).(1) For organisations, one of the most common attacks is email compromise, which involves manipulating individuals into unauthorised financial transactions or the disclosure of sensitive company data.(2)
This rise in cyber incidents translates into significant financial impacts, with costs varying depending on the size of the business. For example, small businesses are facing costs of over $46,000 for each cybercrime incident, medium-sized businesses are looking at an average expense of $97,000, and large enterprises are dealing with losses around ...
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The use of cyberattacks in executing modern warfare, which is already happening, will enter public awareness
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Highlights from the 13th annual report with data from 170 countries, include an analysis on evolving cyber wars, the pervasiveness of ransomware and recommendations for CISOs
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