Australian homes and businesses continue to adopt and grow their usage of technology across all walks of life. Research shows that individuals and small to medium business need to actively protect themselves from a cyber security breach. The cost of not doing so is too great.
The Australian Competition and Consumer Commission’s (ACCC) eighth annual report on scam activity highlights the significant cost and growth in the disruption to business. The cost of hacking scams had a fourfold increase between 2015 and 2016 at a reported cost of 2.9 million to business.
Combine this with a forecast that the market for connected home devices is expected to grow 10-fold by 2019 meaning the average Australian home will have 24 devices connected online.