ACSC 2022 annual Cyberthreat Report finds a 13% increase in cybercrime in Australia

The Australian Cyber Security Center (ACSC) received over 76,000 cybercrime reports between July 2021 and June 2022, showing an increase of nearly 13% from the previous fiscal year. Online banking and shopping compromises were common cybercrimes, and Australia’s networks faced collateral damage due to the Russian invasion in Ukraine.

In its annual Cyberthreat Report, the Australian Cyber Security Centre (ACSC) stated that it had received over 76,000 cybercrime reports between July 2021 and June 2022, showing an increase of nearly 13% from the previous fiscal year.  In 2021-22 ransomware groups stole and sold the personal information of thousands of Australian citizens as a part of their extortion tactics. Online banking and shopping compromise were among the most common cybercrimes, reaching 54% of all cybercrime reports; as well, Australia’s critical infrastructure continued to be an attractive target. The ACSC reported that any disruptions in critical infrastructure caused in 2021-22 were detected by effective cyber defenses; more than 200 government, business, and critical infrastructure organisations were warned of collateral damage to Australian networks due to Russia’s invasion in Ukraine.