In the past financial year, the Australian Cyber Security Centre received 76,000 cyber-crime reports – on average, one every seven minutes. The year before, it was a report every eight minutes. The year before that, every ten minutes.
The growth of cyber crime means it is now arguably the top risk facing any business with an online presence. One successful cyber attack is all it takes to ruin an organisation’s reputation and bottom line. The estimated cost to the Australian economy in 2021 was $42 billion.
