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Australian organizations increasingly vulnerable to cyber attack

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Chris Pogue, an official at Australian data investigation company Nuix Pty. Ltd., said that government agencies and organizations in Australia are increasingly vulnerable to a major cyber attack, reports The Sydney Morning Herald.

"Data is the new oil," yet Australia still has a "head-in-the-sand approach," said Mr. Pogue.

Hackers are becoming more creative and more aggressive, added Mr. Pogue.

Individuals and small firms have self-reported financial loss worth $234 million Australian ($166.7 million) to the new Australian Cybercrime Online Reporting Network in the first quarter of 2015.

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