none

CYBER CRIME SWELL TOO BIG TO BE IGNORED

17-08-2015
by 
in 
A very accurate picture of a cyber-criminal

Cyber-crime can no longer be dismissed as someone else’s problem: incidents have increased by 20% in the last year alone, costing Australia over $1 billion a year, and hitting key industries, including banks, energy providers and communications providers.

Australian Cyber Security Centre’s (ACSC) data shows a dramatic increase in the rate of cyber security attacks in Australia, growing from just 313 attacks in 2011 to 1131 last year, with no signs of slowing.

ACSC coordinator and Australian Signals Directorate Deputy Director, Clive Lines, says the current level of cyber threat in Australia is “undeniable, unrelenting and continues to grow”.

Insurance Council of Australia’s (ICA) CEO Rob Whelan said though the insurance industry had been working with law enforcement agencies for many years to address the issue, the broader Australian business community had been slow to recognise the scale of the potential threat – a threat that was evolving daily.

“Australian business can no longer afford to turn a blind eye to cybercrime… Business owners are urged to undertake a detailed risk assessment of potential vulnerabilities and liabilities and to take action to ensure appropriate protection is in place,” Mr Whelan said.

“One example of significant threat is the ACSC’s recent warning that a new wave of ransom-ware emails are targeting Australian government and private-sector enterprises in the guise of emails purporting to be from Australia Post parcel collection and also Australian Federal Police infringement notices.

“The ACSC warned the sheer scale of the attack and the continual use of new domains by the hackers has reduced the effectiveness of domain-blocking as a long-term solution. Once executed, this ransom-ware encrypts the users’ files, including those on networked or shared drives used in the corporate environment, making them inaccessible to the user.”

In the wake of this upsurge, businesses of all sizes should inform themselves of cyber-crime risks: a small amount of vigilance and preparedness can lead to dramatic savings in the future. 

Related news & editorials

  1. 18.10.2021
    18.10.2021
    by      In
    Australian Resources and Energy Group AMMA welcomes today’s intervention of the Australian Government seeking to put an end to three months of damaging strikes at Fremantle Port.
    It has been reported the Australian Government has stepped in, utilising its powers under the Fair Work Act to seek an... Read More
  2. 18.10.2021
    18.10.2021
    by      In
    McCormick & Company Inc, a global leader in flavour, today announced plans to open a new, state-of-the-art, environmentally friendly, multi-purpose head office in Mentone.
    This new facility is currently under construction and is on schedule to provide a much-needed boost to manufacturing in... Read More
  3. 18.10.2021
    18.10.2021
    by      In
    The Australian Made Campaign is thrilled to announce that the iconic Australian Made, Australian Grown (AMAG) kangaroo logo is now a registered trademark in Japan and protected under local Japanese law.
    The symbol’s registration in Japan further protects the logo in the Japanese market, with... Read More
  4. 13.10.2021
    13.10.2021
    by      In
    Gladstone, Queensland is reported to be the site for iron ore giant Fortescue Metals Group to develop one of the world’s largest hydrogen manufacturing hubs.
    Fortescue Future Industries (FFI) revealed their recent proposal to build a Global Green Energy Manufacturing Centre (GEM), which will... Read More
Products
Suppliers