The financial impact of ransomware rose by 60% in 2018, losses from business email compromise (BEC) doubled, cryptojacking incidents - the unauthorised use of others’ computing resources to conduct cryptomining - more than tripled, and there continued to be a steady stream of high-profile data breaches, according to a report from the Internet Society’s Online Trust Alliance.

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Scammers have stolen at least $16 million from unsuspecting Australians so far this year and this is likely to be just the tip of the iceberg, according to the latest Scamwatch report from the ACCC.

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Phishing, unexpected prize and lottery scams and identity theft are among the 1800 scams which have hit Australia’s indigenous communities, causing losses of $3 million so far this year.

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