2 billion AUD lost to cyber scams in 2021

Australians lost more than $2 billion to cyber scams in 2021. Some of the greatest sources of scams were cryptocurrency investments, online shopping, phishing, and hacking. Primarily initiated through phone, text messages, email or online forums.

Such reports of extreme loss through cyber-attacks are not only eye-opening for the public but also a timely reminder for every business to commit to solid cybersecurity. Along with financial loss, cybercrimes are also estimated to impact business intelligence, intellectual property, and brand reputation. Moreover, as technology continues to climb the growth ladder, cyber-threats will continue gaining momentum.

If you need a hand, SBA’s cybersecurity wizards are always there to help. Team SBA can help you to enhance your company’s security with features like 2 Factor Authentication and user privilege access. Our team can also help you with security assessments and penetration testing.

Source: Innovationaus