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Cyberspace ‘a battleground’ as reports of cybercrime in Australia jump 13%

Cyberspace ‘a battleground’ as reports of cybercrime in Australia jump 13%

Fraud, online shopping and banking among most commonly reported crimes, but ransomware ‘most destructive’, ASD says

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The number of reports of cybercrime in Australia had shot up by 13% to 76,000 in a year, or one every seven minutes, even before a series of high-profile privacy breaches hit the headlines.

These threats are imposing an increasingly heavy cost on businesses, with the average loss per cybercrime rising by 14% to $39,000 for a small business and $62,000 for a large business.

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Fraud, online shopping and banking among most commonly reported crimes, but ransomware ‘most destructive’, ASD saysFollow out Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastThe number of reports of cybercrime in Australia had shot up by 13% to 76,000 in a year, or one every seven minutes, even before a series of high-profile privacy breaches hit the headlines.These threats are imposing an increasingly heavy cost on businesses, with the average loss per cybercrime rising by 14% to $39,000 for a small business and $62,000 for a large business.Sign up for our free morning and afternoon email newsletters from Guardian Australia for your daily news roundup Continue reading…

La entrada Cyberspace ‘a battleground’ as reports of cybercrime in Australia jump 13% se publicó primero en CISO2CISO.COM & CYBER SECURITY GROUP.

*** This is a Security Bloggers Network syndicated blog from CISO2CISO.COM & CYBER SECURITY GROUP authored by Daniel Hurst. Read the original post at: https://ciso2ciso.com/cyberspace-a-battleground-as-reports-of-cybercrime-in-australia-jump-13/