Australia Losing $29 Billion a Year to Cyberattacks, Report Reveals

Australia Losing $29 Billion a Year to Cyberattacks, Report Reveals
A person delivers a computer payload while working on a laptop during the 11th International Cybersecurity Forum in Lille, France, on Jan. 22, 2019. Philippe Huguen/AFP/Getty Images
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Australian families and businesses are urged to safeguard their cybersecurity as a new report reveals cyberattacks are ramping up against the country and costing $29 billion a year.

The report (pdf) from the Australian Cyber Security Centre (ACSC) found national security agencies received 59,806 reports of cybercrime over a 12-month period, almost one every 10 minutes.
Daniel Y. Teng
Daniel Y. Teng
Writer
Daniel Y. Teng is based in Brisbane, Australia. He focuses on national affairs, including federal politics and Australia-China relations. Got a tip? Contact him at [email protected].
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