ACORN or The Australian Cyber Crime Reporting Network has released their first quarter 2017 cyber crime report to help raise awareness and provide tips. ACORN offers a place for Australians to report attacks and find advice about the ever increasing digital risk. Of course these results can only represent the information given to ACORN and do not paint a complete picture of the full cyber crime exposure facing Australia. Over the next 12 months we will see public awareness of these problems continue to spread and hopefully reporting of them will increase.
We can see an average of 130 reports per day so far this year with numbers expected to increase steadily. The top form of reported cyber crime continues to be scams and fraud at 50%, this will include ransomware, business email compromise and other forms of email fraud which we wrote more about here, Email Fraud & Cyber Insurance.
According to reports, 91% of cyber attacks originate with an email and aim to trick or confuse the recipient. Every single day a torrent of malicious emails are sent to Australian businesses with ever changing tactics and technology, making it as important as ever to educate staff before your business has an event. The average cost to a business in Australia from a cyber attack is $276,323 and takes 23 days to resolve.
Queensland has reported the most incidents with nearly 30% of Australia’s total lodgements, followed closely by Victoria at 25% and New South Whales at 24%. We can also see a very wide age bracket for attacks with 76% of victims between 20 and 60 years of age. Clearly cyber crime does not discriminate with age, these attacks are sent to anyone and everyone.
At this stage there is no silver bullet to protect your business from cyber crime. Security awareness training for staff, strong Information Security procedures and also a well defined cyber insurance policy are the three main areas for mitigating cyber crime exposure in your business.
There are a number of third parties offering employee training and false threat testing to heighten employee knowledge. One email can breach the entire network, as a result we suggest getting employees to subscribe to and follow Cyber Insurance Australia on Linkedin & Facebook for regular updates and information.
If you want to report a cyber crime, verify a current scam or learn prevention tips, please visit: ACORN