As cyberattacks continue to grow in complexity and sophistication, the technology and vendors that protect us from this growing threat must continually evolve to keep up. This involves a constant on-boarding of new techniques and knowledge, arming themselves with the very latest weapons.
In Australia, the Australian Competition and Consumer Commission (ACCC) recently reported that cybercrime is up 30 percent and the annual cost of cyber scams sits at around $300 million. The report also stated that of the 6,000 businesses studied, the average cost per ‘scam’ was around $10,000. The larger the organisation, the greater the amount they stand to lose.
However, since smaller businesses are at most risk – their security efforts being less sophisticated and lower-budget than larger organisations – a hit of $10,000 could easily be the difference between staying afloat and going under.
Further to the financial risk of