💥Fed cuts sparks mid cap boom! ProPicks AI scores with 4 stocks +23% each. Get October’s update first.Pick Stocks with AI

Australian Cyber Security Centre warns of increased attacks on critical infrastructure networks

Published 07/11/2022, 04:42 pm
Updated 07/11/2022, 05:00 pm
Australian Cyber Security Centre warns of increased attacks on critical infrastructure networks

The Australian Cyber Security Centre (ACSE) has warned of increased cyber attacks at “phenomenal rates” at critical infrastructure networks, which could potentially put access to essential services at risk.

In its annual cyber threat report, the centre voiced its concerns over the ‘knock-on effects’ that a sustained disruption of critical infrastructure might have on the economy and welfare of the people.

Critical infrastructure encompasses the physical facilities, communication networks and information and operational technologies that provide essential services.

In FY22 alone, 95 incidents were reported, which is 8% of all cyber incidents the ACSC has responded to that have affected critical infrastructure.

The ACSC urges organisations to report all cyber security incidents, regardless of whether or not their organisation is subject to mandatory reporting under the SoCI Act.

Reporting increases the visibility of threats, enables the identification of trends, and supports the prevention and mitigation of future incidents.

Concern for health and social assistance sectors

During FY22, the ACSC responded to more than 1,100 cybersecurity incidents, an average of 21 cybersecurity incidents per week.

Excluding government sectors, which have some additional reporting obligations, the health care and social assistance sectors reported the highest number of cyber security incidents during the 2021-22 financial year.

Compared to the 2020-21 financial year, the retail sector dropped out of the top 10, replaced by the electricity, gas, water and waste service sectors, which are all critical infrastructures.

Cyber security incidents FY22.

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.