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Australia’s Response to Rising Cybercrime

Since Australia’s 2013 National Plan to Combat Cybercrime was published, the cybersecurity landscape has changed drastically. As technology becomes more integrated with professional and personal life, there is nearly limitless opportunity for cybercriminals to exploit people, businesses, and governmental organisations. As cybercriminals become more sophisticated in their methods, the consequences become more detrimental as well. …

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How to Protect Your Business from Email Fraud and Compromise

Our inboxes are a common target for cybercriminals. Between an influx of sensitive information coupled with a plethora of promotional emails, it becomes easier for cybercriminals to send fraudulent emails under the radar. If your business uses an email communication system, and let’s face it which business doesn’t, you are at risk of cyber attack …

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Does Cybersecurity Awareness Training work?

Cybersecurity has become crucial for every business and government agency. The need to secure our information and systems is paramount to avoiding the financial and reputational damage common with even small data breaches. That’s why it’s critical to ensure everyone has the knowledge and skills to keep our workplace secure — the more people who …

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Cybercrime is forecast to cost the world $10.5 trillion by 2025

A Rise in Cybercrime Cybercrime is on the rise and it is costing businesses and governments billions of dollars. In Australia, we’ve witnessed a staggering rise in not just the frequency of cybercrime, but the cost of those crimes. Recent reports reveal that cybercrime is forecast to cost the world $10.5 trillion by 2052 (about …

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Smishing: The Cyber Attack that Targets the Computer in Your Pocket

Recently we touched upon the general nature of smishing attacks, but it is imperative that we elaborate on their prevalence and impact. It’s critical for everyone to understand how attackers can actually infiltrate the way you interact with your phone. In this article, we will talk more about how we are being directly affected and …

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What is Ransomware and how you can prevent it from happening?

What is Ransomware? Ransomware is a form of malware that encrypts files on a computer or device, making them inaccessible to the user. Once immobilised, cybercriminals demand payment from the company in order to decrypt their device and networks. Like other malware, ransomware can enter your device through phishing emails, poor security protocols, or clicking …

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The Australian Security of Critical Infrastructure Act 2018 (Cth) makes company directors personally accountable for a cyber breach

With the rapid rise of data breaches in the public and private sectors in Australia and around the world, we can anticipate a dramatic rise in government action with the recent announcement of a cyber defence budget of $9.9B over the next decade to the Australian Signals Directorate for the Resilience, Effects, Defence, Space, Intelligence, …

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How Cybersecurity Impacts Funding and IPO

Business owners have a long list of responsibilities. They wear many hats; from running the business, iterating on MVP or product, to filing for IPO or finding funding. Australian startups and SMEs typically focus on agility, rapid iteration cycles, and preparing for a successful IPO or fundraising series. Cybersecurity is not always top of mind, …

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