Cybercrime rates in Australia have surged, with online attacks averaging out to one every six minutes, according to the Australian Signals Directorate. For organisations, one of the most common attacks is email compromise, which involves manipulating individuals into unauthorised financial transactions or the disclosure of sensitive company data.
The rise in cyber incidents translates into significant financial impacts, with costs varying depending on the size of the business. For example, small businesses are facing costs of over AUD46,000 for each cybercrime incident, medium-sized businesses are looking at an average expense of AUD97,000, and large enterprises are dealing with losses around AUD71,000 per incident.
It’s clear there is a pressing need for enhanced cyber hygiene practices among organisations. But what is cyber hygiene?
“Cyber hygiene refers to the practice and steps that companies take to maintain system health and improve online security, helping to protect the business from digital threats, such as malware, hacking, and phishing,” said TeamViewer CISO Robert Haist. “These practices are often part of a routine to ensure the safety of identity,…
