SYDNEY, Nov 4 (Reuters) - Cyber attacks against Australia from criminals and state-sponsored groups jumped last financial year, with a government report released on Friday equating the assault to one attack every seven minutes.
The Australian Cyber Security Centre (ACSC) received 76,000 cybercrime reports last financial year, up 13% from the previous period, according to its latest annual cyber threat report.
The ACSC, part of the intelligence-collecting Signals Directorate, reported 95 cyber incidents impacting critical infrastructure last fiscal year.
Business losses attributable to cyber crime rose on average 14% over the period, with the average crime costing a small business A$39,000 ($24,540).
The jump in attacks and damages is making insurers wary and premiums in Australia jumped 56% year-on-year in the second quarter, according to Marsh & McLennan Companies Inc (MMC.N).