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Australia loses more than $670 million per year to cyber attacks

Posted On: Feb. 14, 2020 4:57 AM CST

Research by price comparison website Compare the Market found that cyber attacks cost the Australian economy more than $1 billion Australia ($672 million) per year, IT Brief reports. Small businesses account for 43% of all cybercrime targets, medium-sized organizations made up 53% and large firms 48%.

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