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.