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Cyberspace ‘a battleground’ as reports of cybercrime in Australia jump 13%

Fraud, online shopping and banking among most commonly reported crimes, but ransomware ‘most destructive’, ASD says

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The number of reports of cybercrime in Australia had shot up by 13% to 76,000 in a year, or one every seven minutes, even before a series of high-profile privacy breaches hit the headlines.

These threats are imposing an increasingly heavy cost on businesses, with the average loss per cybercrime rising by 14% to $39,000 for a small business and $62,000 for a large business.

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