For organisations that have been breached, it can easily be the end of the business altogether - if not immediately, then after many months of attempting to unravel the long-term effects.įurthermore, a report from Verizon shows that after a successful cyber attack, 60 percent of small businesses cease trading as a result. As well as the personal financial loss for the individual, the impact on the victims can last years. Until any person or company is a victim of cybercrime (such as identity theft), it’s impossible to imagine how terrible the effects can be. In many cases, the “unknown sources” are the lists of identities, credentials, and other information available for sale on the “dark web”.īut what’s important to consider among those statistics is “not that it’s stolen, but how it’s used.” Those are the words of Brian Hay, an ex-Police Detective Superintendent, with 37 years’ experience in the Queensland Police Force, and the person in operational command of the force’s Cybercrime Group. Their methods are dominated by exploiting individuals with phishing campaigns (resulting in 44 percent of notable incidents), or by using compromised credentials from unknown sources (30 percent). Those attacking networks usually operate in groups, and those groups are dominated by organized crime syndicates who are looking for financial gain. The reality is somewhat different in most cybersecurity incidents.

Those are the type of attacks that Hollywood is fond of, usually depicted by lone figures in darkened rooms, tapping at a keyboard. The first is that, of the data breaches in those three months, only 12 percent were the result of brute force attacks or hacking. There are several interesting statistics among the horror story that is the OAIC NDB Report for April – June 2019 (the Office of the Australian Information Commissioner, Notable Data Breaches).

Lastpass business and personal