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  • Stay Smart Online and reverse the threat of cybercrime

    Stay Smart Online Week 8–14 October

    Cybercrime is an increasing problem in Australia and at a global level.

    Statistics from the Norton SMB Cyber Security Survey - Australia 2017; ACSC Threat Report 2017 and NSW Small Business Commissioner - Cyber Aware Report 2017 tell the story:

    • 516,380 of Australian small businesses experienced cybercrime in 2017
    • 54% of businesses who experienced a cyber-attack had fallen victim to an email or phishing scam
    • business email compromise is a leading cause of cyber incidents, with over $20million estimated lost to this method in 2016/17
    • the cost of cybercrime to Australian business is estimated to be $1 billion per year.

    According to the Apr–Jun 2018 Notifiable Data Breaches Quarterly ReportExternal Link from the Office of the Australian Information Commissioner (OAIC):

    • a total of 242 notifications were made under the NDB scheme this quarter
    • of those 242 notifications, the primary source of breaches was malicious or criminal attacks (59%), followed by human error (36%) and system faults (5%)
    • majority of malicious or criminal breaches reported were cyber incidents, linked to the compromise of credentials (user names and passwords).

    Stay Smart Online week is an Australian Government initiative to encourage Australians to take simple steps to protect themselves and their business against cybercrime.

    To keep up to date with the latest online alerts you can sign up to the Stay Smart Online alert serviceExternal Link

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    Last modified: 04 Oct 2018QC 56932