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Across Australia, 72% of the businesses surveyed reported experiencing a cyber incident. This is much higher than the average in the APAC region (59%), and only surpassed by Malaysia and the Philippines.
Data loss is the greatest concern for Australian businesses (61%), despite it not causing the most impact. Business interruption was reported as having the greatest impact (47%), ahead of data loss and reputational damage at 39%.
To address cyber security threats, over half of the businesses interviewed are buying hardware and software security tools (59%), increasing budget/spending (56%), or training (52%) and monitoring (52%).
The APAC State of Incident Report 2022 surveyed 700 information security executives across Australia, Japan, Philippines, Hong Kong, Singapore, Indonesia, and Malaysia. To understand more of the efforts and investment priorities to minimize the cyber security threats of the businesses, please download the full report here.
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