By George Dionisopoulos, Head of Security
In recent weeks, cybercrime and data breaches have become unavoidable topics in Australia. Many citizens have been forced to confront – for the first time – the reality of living in a disrupted digital world, where our personal data has become the most valuable commodity.
Of course, as tech leaders, this is a topic that keeps us awake at night. No part of our economy has proven immune from the impacts of cybercrime and data breaches.. Government agencies at all levels, large organisations, critical infrastructure providers, small-to-medium enterprises, families and individuals have all been targets.
Our customers sleep soundly at night in the knowledge there will be no unauthorised access to their physical digital infrastructure located in our data centres.
The $33 billion question
However, it’s not just CISOs who should be worried, particularly when considering this key question: What is the true cost to our economy of cybercrime?
It’s a $33 billion question because that’s how much Australian organisations self-reported in cybercrime losses during FY21. And that doesn’t even cover the hefty financial penalties…
