New ACSC report details cyber threats across Australia
The inaugural ACSC Annual Cyber Threat Report outlines key cyber threats and statistics over the period 1 July 2019 to 30 June 2020. Over this period, the ACSC responded to 2,266 cyber security incidents and received 59,806 cybercrime reports at an average of 164 cybercrime reports per day, or one report every 10 minutes.
Key cyber threats highlighted include:
Malicious cyber activity against Australia’s national and economic interests is increasing in frequency, scale, and sophistication. Phishing and spearphishing remain the most common methods used by cyber adversaries to harvest personal information or user credentials to gain access to networks, or to distribute malicious content.
Over the past 12 months the ACSC has observed real-world impacts of ransomware incidents, which have typically originated from a user executing a file received as part of a spearphishing campaign. Ransomware has become one of the most significant threats given the potential impact on the operations of businesses and governments.
The 5G network and IoT devices have the potential to be revolutionary, but they require new thinking about how best to adopt them securely. Insecure or misconfigured systems make it very easy for hackers looking to compromise networks, cause harm and steal information.
Cybercrime is one of the most pervasive threats facing Australia, and the most significant threat in terms of overall volume and impact to businesses and individuals. The Australian Competition and Consumer Commission’s (ACCC) Targeting Scams 2019 report, identified Australians lost over $634 million to scams in 2019.
The ACSC Annual Cyber Threat Report has been developed with law enforcement partners, the Australian Federal Police and the Australian Criminal Intelligence Commission, to provide important information about emerging cyber threats impacting the Australian economy.
Full report avaioable at https://www.cyber.gov.au/sites/default/files/2020-09/ACSC-Annual-Cyber-Threat-Report-2019-20.pdf