Major cyber warning: Is your online security under threat?

When it comes to cybercrime, it seems nobody is immune. From individuals to governments, malicious cyber criminals will spare no one.

A recent report has identified Chinese state-sponsored hackers as a leading culprit, alongside Russia and Iran, in what's been described as a growing nationwide surge in cybercrime.


The findings in this Annual Cyber Threat Report are staggering—94,000 cyber incidents have been reported in the past financial year, while the average cost of a cyber attack on a small business is now estimated at a staggering $46,000.

‘Compromised emails’ were identified as the most common attack where a scammer tricks an unsuspecting recipient into sending money or divulging confidential company information.


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The Annual Cyber Threat Report revealed that 94,000 cyber incidents have been reported in the past financial year. Source: Seniors Discount Club


The gradual but sure increase of foreign cyber actors poses a real and difficult challenge to the Australian economy.

Minister for Defence Richard Marles said recent global and national events have demonstrated the severity of this growing threat by ‘malicious cyber actors’.


'We know that the best cyber defences are founded on genuine partnerships. The development of this report, which draws on insights from across the Commonwealth Government, our international partners, Australian industry and the community, is a testament to this collaboration,’ he stated.

Deputy Prime Minister Richard Marles also mentioned that cyber warfare was a major topic discussed during recent conversations with China.

‘We are making sure we have the best possible defence in place, and there’s a range of other state actors who have been engaged in this as well,’ he assured.


So, who is most vulnerable to these cyber threats? Individuals, it seems. While identity fraud, online banking fraud and online shopping fraud have long been a concern, compromised emails are now a reality for many.

According to data from ScamWatch, emails were the third most reported scam that took personal information for 2022, with 22, 752 incidents reported. Aussies lost $6 million to these types of email scams.

It's no wonder that cybercrime is rising, given the convenience and swiftness of online transactions. But this simply should not be an accepted reality.

That's why it pays to be aware of the latest cyber threats and arm yourself with the necessary knowledge and skills to defend against them. Here are some examples of email scams that we featured in the forum:
Awareness and collaboration are the keys versus cybercrime—so make sure you're clued up about all the threats and risks that come with internet activity.

Key Takeaways

  • China has been named the main actor in state-sponsored cyber attacks against Australia, with a significant increase in cybercrime reported nationwide.
  • The Annual Cyber Threat Report revealed that 94,000 cyber incidents were reported in the past financial year, with attacks on small businesses costing on average $46,000.
  • Defence Minister Richard Marles highlighted the growing threat to Australia by malicious cyber actors, emphasising the importance of collaboration and partnership for effective cyber defences.
  • Defence Minister Marles mentioned that cyber warfare was a major topic discussed during recent conversations with China.
Do you have any other advice for combating cybercrime, members? Tell us in the comments below!
 
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does any one know if a huge ad on face book today selling off i phones dirt cheap today was real or a scam to fleece yr card details
 
does any one know if a huge ad on face book today selling off i phones dirt cheap today was real or a scam to fleece yr card details
Probably a scam. If it sounds too good to be true, it's probably not real. They either want to steal your bank details or you pay for something that you never receive.
 

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