Executive Summary In 2019, Gartner estimated worldwide spending on information security-related products and services would be $124 billion1 – increasing 8% from 2018. And the number of consumers and organizations impacted by breaches and malicious attacks continues to grow. For the second year of this report, personally identifiable information (PII) was the most targeted data …
The report captures notifications received by the Office of the Australian Information Commissioner (OAIC) under the Notifiable Data Breaches (NDB) scheme between 1 January 2019 and 31 March 2019 (referred to as ‘data breaches’).
Malicious or criminal attacks accounted for 131 data breaches during the quarter, while human error accounted for 75 data breaches. System faults accounted for nine data breaches.
From July 2019 the OAIC will report every six months on notifications received under the NDB scheme.
The report on data breaches in Australia has seen a significant increase in reported data breaches in the financial sector.
This research was conducted to understand the challenges and issues facing businesses in Australia when it comes to escalating cyberattacks. Its purpose is to identify trends in hacking and malicious attacks and the financial and reputational impact any breaches have had on organisations. It examines Australian organisations’ approach to strengthening defences, ensuring confidence in their abilities to repel attacks and addressing concerns over the skills gap.
The study found that data breaches are costing more, taking longer to identify and contain, and more often resulting from malicious attacks.
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