In today’s digital age, where businesses are increasingly reliant on technology and the internet, cybersecurity has emerged as a top priority for organisations worldwide. With cyber threats becoming more sophisticated and frequent, organisations, irrespective of their size or industry, are struggling to keep up with the rapidly evolving cybersecurity landscape.
Consumers are increasingly diligent in protecting their personal data, businesses are investing more resources to mitigate operational risk, and governments are taking measures to safeguard their citizens by introducing regulations. Yet despite this, the threat of cybercrime continues to persist, and the growing complexity of these threats poses a significant challenge, leaving organisations vulnerable to cyberattacks that can have severe consequences on their operations, finances, and reputation.
In Australia, between July 2021 and June 2022, the number of cybercrime incidents reported via ReportCyber, the online cybercrime reporting system operated by the Australian Cyber Security Centre (ACSC) rose by almost 13% from the previous year, with over 76,000 reports recorded. These statistics show that one…
