Call for a Cyber Security Summit – interview with Liberal Senator Eric Abetz

Australian Cybersecurity Magazine -

With a cyber-attack on an Australian business every 10 minutes and with a total economic hit estimated at $29 billion per year, there is a need to ensure our cyber security readiness is at its very best, according to Tasmanian Liberal Senator Eric Abetz.

It is estimated that by 2025, cybercrime will cost approximately $10.5 trillion annually around the world, up from $3 trillion in 2015. If cybercrime were a country, it would be the world’s third largest economy.

The Australian Cyber Security Centre has noted an increase in cybercrimes together with an increase in their sophistication. Earlier this year, Channel Nine and the Federal Parliament were hit by attacks, with Channel Nine CEO Mike Sneesby describing it as “significant in scale with high potential to disrupt our business.”

Senator Abetz has written to the Minister for Home Affairs to consider a summit of industry experts, business leaders

The post Call for a Cyber Security Summit – interview with Liberal Senator Eric Abetz was originally published at Australian Cybersecurity Magazine.

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