Printed from BusinessInsurance.com

Australian organizations increasingly vulnerable to cyber attack

Posted On: Nov. 16, 2015 12:00 AM CST

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.

Read more