Sunday, 26 September 2021
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Aussie businesses would spend $166K to remediate a cyber attack

Australian organisations would spend an average of just under $166,000 in response to a major cyber event, coming in “significantly lower” than the global average of nearly $290,000.

According to findings by Malwarebytes, threats are taken seriously by Australian organisations, “but only to a point”.

Conducted by Osterman Research, the survey spanned 900 senior IT decision makers across Australia, Germany, the US, UK, and Singapore.

“Australian organisations are less likely than the global average to treat problems like ransomware and phishing as ‘very serious’,” the report stated.

“And they are much less likely than the global average to consider problems like nation-state attacks and hacktivism as very serious problems.”

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