Australian companies kicking security own-goals as military data theft highlights escalating cyber risk

Business email compromise (BEC) alone took $20m last year and vulnerabilities were threatening every level of Australias business and IT service-provider communities. Social engineering had also remained a significant threat, with reported losses to BEC attacks surging from $8m the year before, to over $20 million in the last year. State-sponsored activity had been detected targeting Australian government and private-sector networks, the Australian Cyber Security Centre (ACSC) said. The trend was a clear wake-up call for everyone to be conscious of contemporary cyber security risks”]

Source: https://www.csoonline.com/article/3504035/australian-companies-kicking-security-own-goals-as-military-data-theft-highlights-escalating-cyber-r.html