Description
According to Alana Maurushat from the Cyberspace Law and Policy Centre
at the University of New South Wales, computers are the weapon of choice
for industrial espionage and hacking incidents are more widespread than
reported. The European Commission estimates the worldwide damage to
business from cyber crime at US$1 trillion annually. Governments across
the globe are stepping up efforts to strengthen cyber security, but will
it be enough? Maurushat urges increased public awareness, proper risk
analysis and mandatory reporting of certain breaches to share
intelligence. She also says the IT industry needs to be held liable for
its product quality. Local cyber-detectives warn that under-resourcing
leaves Australia vulnerable.
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