The threat of security breaches has risen to alarming levels and is expected to cost more than $1 billion, according to a report by The Australian. Moreover, the Australian Cyber Security Centre (ACSC) cautioned that such attacks have been unrelenting (which confirms the suspicions of a lot of IT managers today), noting that a 20% increase in the number of cyber threats. The industries said to be most at risk are banking, communications, and energy. The ACSC also warned that Australian government networks are being targeted daily by cyber espionage activity.
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