The Australian Government is investing $1.67 billion in its 2020 cyber security strategy which it says will protect and strengthen the security and resilience of Australia’s critical infrastructure, and ensure law enforcement agencies have the powers and technical capabilities to detect, target, investigate and disrupt cyber crime – including on the dark Web.
The prevalence and severity of cyber attacks are increasing at an alarming rate every year, so much so, that statistics estimate that cybercrime will cost the global economy a colossal $6 trillion per year by 2021 - with Australia among the countries most targeted by significant cyber attacks, according to analysis by one software firm.
VENDOR NEWS & EVENTS: Over the past months we have seen an alarming increase in cyberattacks. Attacks have targeted prominent companies like Toll, Lion, Bluescope Steel in Australia and Fisher & Paykel in NZ, as well as Australian Government Departments and agencies, causing disruptions to suppliers, customers, and broader supply chain processes.
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