The head of a general-purpose hardware security module provider says that as per his observations, the passage of an encryption bill by the Australian Government in 2018 — legislation that was roundly panned by the industry as likely to have a negative effect on encryption take-up — has not deterred companies from planning for the use of the technology.
SMBs are the primary target for cyber attacks, yet most are unprepared and “severely underestimate their cyber security vulnerabilities” when it comes to cyber criminals and cyber security risks, according to research of the US market.
Cyber attacks are on the rise for Australian organisations and the costs of the malicious attacks has also increased with companies spending US$6.9 million on cyber security related expenditure, according to a new report on the cost of cybercrime.
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