Australian companies failing to slow the tide of data breaches: OAIC

An average of 81 Australian businesses continue to suffer notifiable data breaches every month. The OAICs second full-quarter report under the Notifiable Data Breaches (NDB) scheme found that the rate of eligible data breaches had remained consistent since the scheme took effect in February. The most common vector for compromise was through theft of user credentials, which were utilised by cybercriminals in 31 percent of incidents.Contact information was compromised in 85% of incidents, with financial details and identity information compromised in 35% of cases.”]

Source: https://www.csoonline.com/article/3503986/australian-companies-failing-to-slow-the-tide-of-data-breaches-oaic.html