Study shows Australian companies may be taking vulnerability management more seriously

October 21, 2013

A new report has shed light on the number and severity of cyber attacks in Australia, and the impressive results suggests businesses around the country have been taking the threat of hackers more seriously.

According to the Australian Associated Press, the average cost of each Australian-targeted cyber attack fell in the past year, dropping from more than $300 in 2012 to about $200 now. The data comes from the results of a new study released by a global internet security provider.

The results also showed that fewer people fell victim to cyber attacks last year, with the number dropping to 5 million from about 5.4 million last year. Overall, cyber attacks cost Australians about $1.05 billion this year, compared to $1.65 billion last year.

Experts stated that the report shows that Australians may be getting a better grasp of how serious cyber security is, and that more are implementing the proper security measures, such as a security audit .

However, the report did point out that the nature of attacks appears to be changing as well, which could have had a major influence on the number and cost of attacks. It appears hackers are beginning to target companies or individuals for lower amounts of money in an attempt to make a splash in the cyber security world.

This improved focus on cyber security is evident in Lockheed Martin’s recent decision to set up a new intelligence centre in Canberra, which the company says is an “investment in technology, expertise and talent.”

“As cyber threats become increasingly sophisticated and persistent, our cyber intelligence analysts continuously adapt and improve their methods in collaboration with government and industry partners, implementing new mitigations to keep ahead of the threats,” said Sondra Barbour, executive vice president of Lockheed Martin’s Information Systems and Global Solutions.

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