Archive: June 1, 2018

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Foreign Hackers Take Down Triple Zero Network
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Study reveals massive cost of cybercrime for Asia Pacific businesses

Foreign Hackers Take Down Triple Zero Network

By Cameron Abbott and Georgia Mills

The triple zero emergency call service, operated by Telstra, was subjected to an onslaught of more than 1000 offshore calls on Saturday morning, leading to a number of genuine emergency calls being unanswered and sparking a government investigation.

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Study reveals massive cost of cybercrime for Asia Pacific businesses

By Cameron Abbott and Sarah Goegan

We all know that cybersecurity incidents can cost your organisation a lot of money, but exactly how much? A report by Frost and Sullivan has found that losses from cyberattacks in the Asia Pacific region (APAC) could reach a staggering US$1.75 trillion, nearly 7 per cent of the region’s gross domestic product in 2017. As covered in our blog last week, the cost of cyber scams alone in Australia totalled $340 million AUD last year.

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