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Cyberattacks Cost Aussies Dearly

A global survey of cyber-attacks suffered by organisations, undertaken by Cisco, has revealed that operators in Australia are suffering much more costly attacks than the rest of the world.

When asked about the monetary cost from their most impactful breach in the past year, 84% of respondents in Australia said the cost was in excess of US$1 million. For organisations in Asia-Pacific the figure was 37% and globally, 33%.

Almost half of the most impactful breaches for Australian organisations cost in excess of $5 million, compared to only 7% globally.

Cisco surveyed 2000 respondents in 11 countries with responsibility for security. The report offered no explanation for the high cost of attacks in Australia, but also reported that security practitioners Down Under are receiving many more alerts than their counterparts elsewhere: 69% received more than 100,000 a day, compared to 25% in A-Pac and 14% globally.

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