Below trend growth to continue
How prevalent are attacks & scams & how are businesses & consumers responding?
Cyber security involves the protection of computer systems connected to the Internet. Entities such as government, business and organisations, as well as millions of consumers in Australia rely on these connections every day. Cyberspace, as it’s often known, is the vehicle criminals use in a digital world. The results are many and varied, but included crimes such as scams, fraud, extortion and espionage.
NAB research shows over 1 in 5 Australians and just over 1 in 10 businesses (SMEs) have been victims of a cyber-attack, scam or data breach in the past 12 months alone. On average, Australians have lost $569, while the average losses for SMEs was $19,400. Around 1 in 3 Australians are finding it difficult to trust or are feeling powerless and vulnerable.
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