Australian individuals and businesses are losing big to cyber attacks and scams, with a reported $295 million lost in scams in the first half of 2022 alone. The total loss has more than doubled the total for the same time period in 2021.
While investment scams and dating and romance scams topped the list for types that have accounted for the significant losses, phishing scams were also a significant risk, with 32,000 reports made related to these types of attacks in the first half of the year. Of those, the biggest type of phishing attack was an SMS-based attack, using social engineering.
With the ever-growing cyber threat, Australian businesses need to be aware of cybersecurity risks and implement technology to protect their networks and sensitive data. In addition to security infrastructure, employees need to receive training to help prevent them from falling for social-engineering attacks and phishing schemes, which have the potential to cause significant damage, especially in cases of ransomware.
Contact us to learn more about how a cybersecurity audit and employee security awareness training can help to protect your company from a cyber attack.