The investigations in Australia and the European Union showed a rise in cyber threats over the past twelve months, fuelled by the war in Ukraine and wider geopolitical tensions.
The Australian Cyber Security Centre (ACSC)'s annual cyber threat report said the company received 76,000 cyber-crime reports last financial year, up 13 per cent from the previous period, and resulting in costs of A$39,000 for a small business and A$62,000 for a large business.
These numbers equated to one attack taking place every seven minutes, the agency said.
The Australian Signals Directorate’s latest annual cyber threat report, published on Friday, also warns that cyberspace “has become a battleground” and is “increasingly the domain of warfare”.
"It's not just about the frauds or the texts that you or I might receive, but real issues around the security of our country going forward," said Clare O'Neil, Australia's minister for cyber security. ...