MailGuard Blog

On average, 2 Australian companies are being hit by data breach incidents every day, says the first report produced by the newly enacted Notifiable Data Breach (NDB) Scheme.

Of those incidents, nearly half were the result of criminal attacks and the majority were directed at professional services companies in the health, finance and legal sectors.

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‘Alone we will fail,’ was the message from Alastair MacGibbon, Head of the Australian Cyber Security Centre and keynote speaker at MailGuard’s2018 Cybersecurity Awareness Luncheon.

On Tuesday 6 March, MailGuard collaborated with PWC and Microsoft to bring together CEOs and cybersecurity experts in a forum focussed on the rise of cybercrime and the challenges it presents for business.

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In today’s global online marketplace, businesses can find customers, manage workforces and accept payments more easily than ever before and that’s great news, as long as everything works smoothly. 

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Cybercrime and data-security are a growing challenge here in Australia. The Australian Government recently published figures estimating that cybercrime costs our economy about AU$1 billion annually and if the international trends are anything to go by, that figure will be growing rapidly over the next few years.

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Equifax, WannaCry, Russian hacking; there were weeks when 2017 was like a cybersecurity Twilight Zone. 

A lot of people are justifiably nervous about what might be in store for us next year. The absolute meshing of commerce and the internet creates new opportunities for criminals all the time and we’re seeing some trends in cybercrime right now that could make 2018 a bumpy ride for the ill-prepared.

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Thanks to the global online marketplace, businesses can find customers, manage workforces and accept payments more easily than ever before.

Australians are embracing the internet as a place to do business in record numbers and that’s great news, as long as everything works smoothly. Email, e-commerce and cloud storage platforms have become the foundation of day-to-day business activity, but they also create opportunities for infiltration and fraud. The problem that businesses face, trading online, is the risk of data breaches; valuable information falling into the wrong hands.

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