Hackers are targeting human resources, health, finance and legal data held by employers as a way of exerting maximum pressure and leveraging ever-larger ransom payments out of Australian companies.
The average ransom payment made by an Australian company attacked by cybercriminals jumped to $1.35 million in 2024, compared to $1 million a year ago, according to a new report by advisory and restructuring firm McGrathNicol and market research business YouGov.
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Max Mason covers insolvency, courts, financial crime, cybercrime and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
