Malicious or criminal attacks were the largest source of data breaches in Australia in the three months to the end of June this year, accounting for 62% of all data breaches, according to a new report from the Office of the Australian Information Commissioner (OAIC).

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Business losses to cybercrime data breaches will rise from US$3 trillion each year to over US$5 trillion in 2024, an average annual growth of 11%, according to a new global cybersecurity report.

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Security firm Proofpoint says that retailer Kmart’s recent warning of a new attack by a sophisticated SMS scam means that it is important for Australians to remain vigilant and aware of these types of attacks.

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