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1 in 5 Australian Businesses Fall Victim to Attacks

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Escalating Cyberattacks: An Alarm Bell for Australian Businesses 

New data from the Australian Bureau of Statistics (ABS) uncovers a startling reality – 22% of Australian businesses were targeted by cyberattacks in the 2021-22 financial year, a sharp increase from the previous 8%. This significant rise spotlights the pressing need for fortified Australian business cyber security. 

The Hidden Impact of Cyber Attacks 

Cyber-attacks deliver a multi-pronged blow to businesses. According to ABS data, 34% experienced time loss managing cyber-attacks, 18% endured service downtime, and 17% witnessed a decline in staff productivity. 

Businesses Rise to the Challenge 

The good news is businesses are stepping up their defence. Around 70% have adopted some protective measures. Over 60% perform regular virus protection software updates, 37% ensure critical data backups, and 20% have installed identity access management. Importantly, 13% have started providing their staff with cybersecurity awareness training. For further insights on improving these measures, our Cyber Security Guide is a valuable resource. 

Less Fear, More Action in Remote Work Era 

As businesses navigate the challenges of remote work, our Remote Working Assessment serves as a critical tool. While fear looms, with 84% of businesses expecting a cyber-attack, tools like this enable businesses to transition from anxiety to action. 

Proactivity: The Key to a Secure Future 

Adopting a proactive approach to cybersecurity today means securing your reputation, financial stability, and customer trust tomorrow. Our comprehensive Cyber Security Strategy provides an actionable roadmap to make this transition smoother and more effective. 

Ahmed Khanji

Ahmed Khanji

Ahmed Khanji is the CEO of Gridware, a leading cybersecurity consultancy based in Sydney, Australia. An emerging thought leader in cybersecurity, Ahmed is an Adjunct Professor at Western Sydney University and regularly contributes to cybersecurity conversations in Australia. As well as his extensive background as a security advisor to large Australian Enterprises, he is a regular keynote speaker and guest lecturer on offensive cybersecurity topics and blockchain.

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