Source: National Cyber Security – Produced By Gregory Evans
As cybercriminals are becoming more skilled and sophisticated, cyber security has become one of the major concerns for Australian businesses. Cyber attacks can be very costly for businesses, potentially causing them to lose important data, suffer substantial financial losses, sustain reputational damage and even face lawsuits. As such, both small and large companies in Australia are stepping up their efforts to minimize the risk of cyber-attacks. Here is a look at the prevalence of cybercrime in Australia and some of the measures that Australian companies are taking to improve their cyber security. Cybercrime in Australia According to a survey conducted by Computer Emergency Response Team, about 56 percent of businesses in Australia experienced at least one computer security attack in 2013. Most of the attacks came in the forms of targeted emails, virus or worm infections, and Trojan or rootkit malware. The respondents of the survey said that the attacks were targeted at their organizations and they were not random or indiscriminate. A Ponemon Institute study found that cyber attacks cost Australian companies an average of $2.8 million in 2014. Churn rates following data breaches are at an all-time high, increasing by an average of five percent. However, Australia’s cybercrime […]
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