On average a cyber crime in Australia is reported every 10 minutes.

ABC news – “There have been more than 13,500 reports of cybercrime from individuals and business to the Australian Cyber Security Centre (ACSC) in the past three months, which equates to one case being referred every 10 minutes.”

This article from the ABC highlights the fact that the issue of cybercrime should be high on everybody’s radar, and it is only getting worse.

The most common attack vector is via links in emails and websites that pretend to be something that people want to look at, but are in fact threats. Weak passwords are also an easy way from criminals and hackers to pretend to be you in order to facilitate fraud and identity theft.

The lessons to be learnt from this haven’t really changed over the last twenty years. Individuals must be vigilant about their account security and wary of any email or website that asks you to click on links, install software and/or provide any of your information. Whilst many people have heard this advice before, the continuing number of reported incidents indicates that more vigilance is required.

Leaders should drive cyber risk management culture through their organisations via communicating the risks to employees and providing cyber awareness training. Assessing the organisation’s risk culture through phishing tests and risk simulations is a great way to see the current exposure to these risks and start the process of remediation.

Please contact the Cyber Advisory Practice if you would like to find out more.

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Australian Insurance Law Association (AILA) National Conference 2019 – presentation and 6 Questions for Leaders

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“Boards must pay attention.” The Australian newspaper Cybersecurity Special Report