The number of Australians losing their job due to the cyber security breach is increasing every day, according to a new report from the Australia Institute.
The latest data released by the Institute shows the number of job losses from cyber attacks has grown by an average of 1.5 per cent every month over the past 12 months.
The number fell from 4.1 million in March to 3.7 million in September.
The total number of workers affected is estimated at more than 6.5 million, with more than 500,000 of those affected workers receiving payouts from the government.
The unemployment rate is now around 10 per cent, while the cost of healthcare has increased from $1,400 per person in March 2016 to $1.3 million in December 2017.
The Institute said that the data shows that the impact of cyber attacks is “a real concern for Australians, but also an opportunity to take a positive and positive approach”.
“The real solution to the cybersecurity challenges we face is to find a way to keep Australians safe from cyber attack,” the report said.
Cyber attacks and other disruptions have had a devastating impact on the Australian economy, with the unemployment rate among Australian workers standing at 7.9 per cent. “
The best way to protect Australians from cyber-attack is to take action, and to protect their jobs.”
Cyber attacks and other disruptions have had a devastating impact on the Australian economy, with the unemployment rate among Australian workers standing at 7.9 per cent.
However, the Institute said it would not be surprised if the number increased significantly in the future.
“Cybersecurity is a major economic driver for our country and it is important that we build on the strengths of the IT industry to ensure the security of our IT systems is protected,” the institute’s CEO, Professor David Rennie, said.
Mr Rennies report says that in 2016, more than 4 million Australians lost their jobs due to cyber attacks, which included ransomware attacks that affected more than 40,000 companies.
“We are seeing an increasing number of companies being hit with cyber attacks,” he said.
The most common type of attack was ransomware.
“A ransomware attack, in this case, is an attempt to lock an encrypted file onto a device, encrypt the data and send it over the internet to its intended destination,” the Institute’s report said, adding that the attack “has resulted in at least 2.5 times more ransomware attacks than actual attacks”.
In total, more companies lost their IT security than they did in 2016.
“While the cyber attack has caused significant economic harm to businesses, it has also led to an increase in cyber crime,” the research said.
More than half of the cyber attacks in 2016 were attributed to “cyber espionage”.
“These attacks were largely carried out by countries with close links to Russia,” the study said.
However the report also warned that cyber attacks by foreign countries were also having a negative impact on Australia.
“These countries have the capacity to steal information from Australia, and this can affect our national security and our economic prosperity,” Professor Rennys report said of the attack on the government website.
“As a result, our national and international partners are more concerned than ever about the vulnerability of the Australian information infrastructure.”