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As cyber crime escalates in scale and sophistication, organisations must remain hyper-vigilant of emerging cyber threats such as ransomware attacks, financial fraud, and cyber espionage.
The Australian Signals Directorate's Australian Cyber Security Centre (ASD's ACSC) reported a 12 percent increase in calls to its Australian Cyber Security hotline in FY2023-24, equalling over 36,700 calls.
Additionally, ASD also responded to over 1,100 cyber security incidents, highlighting the ongoing threat of cyber crime.
At the Australian Cyber Summit 2025 panellists will examine the technical strategies Australian organisations must adopt to foster stronger national collaboration to combat growing cyber crime.
The importance of a unified national response
To reduce the risk of cyber crime, organisations must employ a collaborative approach. Cyber professional and summit speaker, James Corera told Cyber Daily that effective cyber crime prevention requires coordination between government agencies, industry organisations, and cyber security alliances.
Corera said: “cyber threats evolve too quickly for any one organisation to tackle alone.”
“Businesses should consider joining industry-led and government-backed cyber security alliances to stay ahead of threats.”
“A shared intelligence network is stronger than any individual company defending itself in isolation,” he said.
Additionally, organisations that foster collaboration are not only stronger against ongoing cyber threats but also unlock faster intelligence sharing, improved incident response, and a more resilient national cyber defence.
Corera emphasises that “cyber security is a team sport—companies that collaborate internationally will be better defended.”
Government investment in cyber crime prevention
ASD Cyber Threat Report (2022-2023) states that one cyber crime is reported every 6 minutes, with ransomware alone causing up to $3 billion in damages to the Australian economy every year.
Experts predict this is likely to continue as advancements in technologies such as AI and machine learning increase cyber risks to organisations.
For organisations battling ongoing cyber threats, Corera suggests beating cyber criminals at their own game, stating that “businesses and governments must fight AI with AI, investing in machine-learning-driven threat detection, anomaly detection systems, and predictive analytics.”
The Australian Government is already investing heavily in combatting cyber crime with an investment of $15–$20 billion to 2033–34 as part of the Integrated Investment Program.
The program is designed to enhance Australia’s cyber domain capabilities to address the growing cyber threat landscape.
Through the investment in cyber prevention, the government aims to provide increased visibility of threats to critical infrastructure, strengthen the infrastructure to be resilient to cyber attacks, offer new intelligence functions, and enable offensive cyber operations.
The Australian Cyber Summit 2025
The third annual Australian Cyber Summit 2025 will feature a jam-packed agenda to arm attendees with the tools needed to navigate the ever-evolving cyber security landscape.
Industry leaders will come together to discuss how organisations can effectively combat cyber crime in the current threat landscape.
The summit will take place on Tuesday, 29 April 2025 at Ilumina in Sydney. Click here to buy tickets.
All business professionals seeking to gain an understanding of the cyber security landscape are encouraged to attend.
For more information on the agenda, click here.
To see the full list of speakers, click here.
Click here to learn more about the Australian Cyber Summit.
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