Serviceteam IT Security News

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

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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Continue reading… Source: The Guardian

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