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.