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Cybercrime is on the rise, with over 76,000 cybercrime reports in the 2021-22 year, a jump of nearly 13 percent from the previous period.
This is equivalent to one report every eight minutes, compared to every seven minutes in the last financial year, says the Australian Cyber Security Centre (ACSC) in its annual cyber threat report released on Nov. 4.
The report noted that in Australia, the top reported cybercrime types are online fraud (26.9 percent), shopping (12.4 percent) and online banking (12.6 percent), making up 54 percent of all reports. 
Ransomware only accounted for 0.59 percent of total cybercrime reports, but it remains the most destructive cybercrime threat as it not only disrupts the victim organisation but also brings them repetitional damage if stolen data is released or sold on. ...