The financial impact of ransomware rose by 60% in 2018, losses from business email compromise (BEC) doubled, cryptojacking incidents - the unauthorised use of others’ computing resources to conduct cryptomining - more than tripled, and there continued to be a steady stream of high-profile data breaches, according to a report from the Internet Society’s Online Trust Alliance.
Scammers have stolen at least $16 million from unsuspecting Australians so far this year and this is likely to be just the tip of the iceberg, according to the latest Scamwatch report from the ACCC.
Phishing, unexpected prize and lottery scams and identity theft are among the 1800 scams which have hit Australia’s indigenous communities, causing losses of $3 million so far this year.
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