In the wake of Australia’s latest customer data exfiltration attack affecting possibly 14 million Latitude stakeholders, we read that the rate of corporate cyber attacks advised to the Australian Cyber Security Centre (ACSC) is now in the realm of one report every seven minutes (though the true attack number is believed to be far greater).

Financial costs of cyber hacks range from an average of $40,000 impact on small businesses to an estimated total of $ 40 billion per year across the Australian economy.