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Launch of ACS Cybersecurity Guide - Threats, Challenges, Opportunities

Monday, 05 Dec 2016

The ACS was proud to have The Hon. Philip Dalidakis MP, Victorian Minister for Small Business, Innovation and Trade launch our ACS Cybersecurity Guide with Anthony Wong, ACS President, at the ACS Cyber Security Forum. 


ACS Guide ‘Cybersecurity: Threats, Challenges, Opportunities’: Key Insights

  • The cybersecurity industry is projected to be worth $US639b by 2023. However, Australia has only a small cybersecurity sector, with less vendors than France, Germany, Canada or India.
  • Less than six per cent of C-Suite executives in Australia think cybersecurity is a critical issue, indicating there is a disconnect between the reality of threats and the awareness of them at the executive level.
  • Unsecured devices, which can include webcams and IoT gadgets, are a major source for DDoS attacks (the type of attack which took down the Australian Bureau of Statistics eCensus website in August this year).
  • The average cost to an Australian business from cyber attack is $276,000. Globally, cyber attacks costs businesses as much as $US500b annually.
  • Demand for cybersecurity specialists has grown 57 per cent in the last year. At the same time, Australia faces a critical shortage of skilled ICT professionals to meet this demand.
  • Education and awareness are key factors for improving Australia’s cyber resilience across government, business, industry and the nation as a whole.

To read the full guide, click here.