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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Security Awareness
Security Awareness involves educating individuals within an organisation about potential cyber threats, safe online practices, and the importance of maintaining a security-conscious mindset. Security Awareness programs aim to empower employees to recognise and mitigate cybersecurity risks, reducing the likelihood of falling victim to social engineering attacks such as phishing or malware. Effective security awareness efforts encompass regular training sessions, simulated phishing exercises, and the dissemination of relevant information to foster a culture of cybersecurity vigilance.
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The age of hyper-personalised attacks is almost upon us, warns security leader
ACI Worldwide Scamscope Predicts Aussie APP Scam Losses to Surpass AUD1.7 billion by 2028
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