The reality of cyber attacks in Australia is that it’s no longer a case of if, but when. In the 2015-16 financial year 90% of Australian Businesses experienced a successful or attempted cyber security breach*.
In February 2018 the Notifiable Data Breaches scheme was introduced , requiring organisations covered by the Australian Privacy Act to notify certain breaches. From the data collected since then, 60% of the data breaches on Australian companies were a result of malicious or criminal activity, and 35% were the result of human error.
impact of data breaches
Data breaches target vulnerabilities in your devices, documents and data and have costly, long-lasting impacts. According to the report from the Office of the Australian Information Commissioner, in the first 12 months of the Notifiable Data Breaches scheme saw 964 eligible data breaches. Through these breaches 833 pieces of contact information, 433 financial details, 249 health details and 184 tax file numbers were disclosed.
The average total cost per data breach for Australian Businesses was US$2.13M.
To fully understand the impacts of data breaches on Australian businesses, Canon produced the 2019 Security Report.
how inland technology can help
The most alarming part of the report to Inland Technology was that while 84% of businesses are aware of printing-related security threats, only 4 in 10 businesses have their printers secured.
At Inland Technology, We Make It Right! That's our promise to you. If you want to ensure your business has the most up to date security to protect your data, contact a member of our professional staff in Tamworth, Armidale, Moree or Dubbo for a security assessment today!
*Source: Australian Cyber Security Centre.