Cybersecurity

Australians are being urged to check payment details directly with a business before paying an emailed invoice, following a rise in losses to payment redirection scams. Last year, Australians reported losing $16.2 million to payment redirection scams. Despite the total number of reports to Scamwatch

The Australian Banking Association (ABA) welcomes legislation passing through the Parliament to expand Australia’s digital identity system. Importantly, this legislation will allow banks to apply to join the nationwide framework within two years of commencement. ABA CEO Anna Bligh said a voluntary nationwide Digital ID

The latest research shows that in Australia in 2023, over 301,000 scam reports were filed, marking a 26 percent increase from the previous year, with financial losses surpassing $477 million. Retail and social media scams are the most common. Mal Siriwardhane, the founder and CEO of

With the Australian Signals Directorate seeing a 14 percent increase in cybercrime reports, data security has become a growing concern for Australian small businesses (SMBs).  With ransomware attacks on the rise, data security is a growing concern for all businesses. Veritas research found that over the last

Despite cybersecurity threats being on the rise, many small and medium enterprises (SMEs) still lack basic security measures. On top of that, hackers are shifting their focus from big businesses to smaller targets, creating even more dangers for smaller companies in the digital space. The main reason SMEs

On Monday 25 March, Council of Small Business Organisations Australia and Cyber Wardens will release new cutting-edge research from over 2,000 Australian small businesses. The research deep dives into the cultural and attitudinal drivers that work to help uplift the cyber posture and resilience of small businesses, helping them

Sophos, a global leader in innovating and delivering cybersecurity as a service, today released its annual 2024 Sophos Threat Report, with this year’s report detailing “Cybercrime on Main Street” and the biggest threats facing small- and medium-sized businesses (SMBs*). According to the report, in 2023, nearly 50% of malware detections for

The Australian Banking Association welcomes the release today of a new report from the National Anti-Scam Centre showing that industry and government measures to tackle scams are protecting more Australians. The latest quarterly report shows that overall scam losses in the 2023 December quarter were

The National Anti-Scam Centre is warning consumers to beware of fake news articles and deepfake videos of public figures that endorse and link to online investment trading platform scams, particularly on social media. Last year, Australians reported losing more than $8 million to online investment

Cybersecurity is no longer just an IT issue; it directly impacts customer trust and loyalty. Customers expect their data to be secure and any breach can lead to a significant loss of customer confidence that impacts a company’s reputation and profitability. The increasing importance of