In 2016, 33% of Australian businesses experienced a cyber related issues.
60% of all attacks target small to medium businesses
The average cost of a cyber-attack to a business is $276,323
Australians are paying thousands of dollars to overseas hackers to rid their computers of an unbreakable virus known as Cryptolocker (also known as ransomware).
Ironically, the hackers demand payment in untraceable cyptocurrency such as bitcoins.
There has been a rise in the number of people falling victim to these encryption viruses which hijacks computer files and demands a ransom to restore them.