Australian cybercrime reports surge, with state-sponsored attacks and AI tech posing new risks.

The Australian Signals Directorate (ASD) has reported a rise in cybercrime incidents, with over 87,000 reports in the past year. Financial losses have increased despite a 7% drop in reported incidents, averaging $30,700 for individuals and $50,000 for small businesses. State-sponsored operations from China, Russia, North Korea, and Iran pose significant risks. The ASD warns of evolving cyber threats, including the use of advanced technologies like AI, and urges enhanced security measures.

November 19, 2024
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