Australian Businesses Face ‘Irreversible Brand Damage’ Due to Data Breaches

Data breaches pose a significant threat to Australian businesses, as cybercriminals increasingly target the nation’s critical infrastructure. A cybersecurity expert warns that the potential brand damage can be irreversible. In the financial year 2022-2023, 188 cyber incidents were reported across critical sectors such as communications, data storage, finance and healthcare. It is crucial for all businesses, especially those forming critical infrastructure, to strengthen their cybersecurity measures.