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Source: Commonwealth Bank of Australia

CBA shares best practice tips for businesses to stay cyber aware – An increase in the number of Australians working from home due to COVID-19 has resulted in a surge in remote access cyber-scams, Commonwealth Bank of Australia has revealed.

According to the bank’s Group Chief Information Security Officer, Keith Howard, ransomware and business email compromise scams have increased significantly since the start of the pandemic, impacting businesses of all shapes and sizes.

“The cost of cybercrime to the Australian economy is increasing every year, and every day we hear stories from our customers, including business customers, who are dealing with the financial and emotional costs of cybercrime,” Mr Howard said.

MIL OSI – Global Reports