NEWS
Australians lost a record A $ 176 million from 216,000 scams in 2020 rollercoaster ride . However , cybercriminals used this commotion as an opportunity to find new ways to scam panicking citizens .”
The year 2020 was a record year in terms of monetary losses and the number of scams in Australia . Aussies lost A $ 97 million more in 2020 compared to 2019 , representing a 123 % increase .
Australia ’ s citizens aged 65 and over lost most to scams , at A $ 37.65 million , constituting over 21 % of the total losses in 2020 .
Scam damages in Australia have been steadily growing in the last four years . However , last year ’ s losses surged by more than double . The reason being was millions of people shifted towards remote work and , in turn , created many new attack vectors for cybercriminals .
According to data presented by the Atlas VPN research team , Australians have lost over A $ 176 million to scams in 2020 . In total , Aussies reported more than 216,000 fraud cases , with 10.7 % of the reports including financial losses . Rachel Welch , COO of Atlas VPN , said : “ In general , the year 2020 was a
Next up are 45 to 54-year-olds , who sustained A $ 32.3 million in monetary losses last year .
Third place goes to citizens ages 55 to 64 , and they lost a total of A $ 28.38 million to fraudsters . Nearly half of the scams reported ( 103,000 ) were carried out via phone .
Venafi study reveals CIOs massively underestimate SSH risks
Venafi , an inventor and leading provider of machine identity management , has released a new report offering insights into the security risks that poorly protected Secure Shell ( SSH ) machine identities pose to enterprises .
The report compares findings from a survey of 550 CIOs from the United States , United Kingdom , France , Germany and Australia , with unique data and insights from aggregate SSH risk assessments conducted by Venafi SSH security experts .
SSH machine identities are critical to Digital Transformation strategies , as they authenticate privileged access between machines and are ubiquitous across enterprise networks .
While CIOs say they are concerned about the security risks SSH machine identities pose , Venafi data indicates they seriously underestimate the scope of these risks . To better understand the scale of this problem , Venafi surveyed over 550 global CIOs and then compared the survey data with aggregate SSH risk assessments conducted over a two-year time period . The Venafi Risk Assessment team analysed more than 14 million SSH client keys and 3.3 million SSH host keys and found serious SSH security risks .
“ SSH keys are extremely powerful assets that require careful protection ,” said Kevin Jacque , Global Security Architect for Venafi . “ It ’ s not surprising to find so many severe security risks because we know that most organisations do not use any automation to manage them .
“ The only way to address these risks is to put in place a comprehensive SSH machine identity management solution that provides continuous visibility and leverages automation to enforce policies .”
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