Displaying items by tag: Cybercrime

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.

Australian organisations continued to be plagued by ransomware and malware attacks by cybercriminals, according to global cybersecurity firm Sophos.