Opinion
CEOs pour money into cybersecurity protection
The bosses of leading companies say cyber threats are escalating, forcing them to invest more in protecting critical infrastructure and safeguarding customer data.
Tony BoydContributorThe cyberattacks on Optus and Medibank Private, as well as escalating threats from criminals and nation states, have put chief executives on high alert at a time when they were already boosting investment in cyber protection.
National Australia Bank CEO Ross McEwan says it “prevents around 50 million attacks on our digital channels per month, so you can imagine how big an issue cyber crime poses for businesses, customers and the country more broadly”.
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