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.

A subset of data from a December 2018 survey shows that nine out of 10 companies which can be put in the operational technology sector face cyber security threats at least once in two years.