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NSW cyber security industry development strategy 2018
The rapid evolution of new technologies and the emergence of smart devices has led to greater interconnectedness between people and businesses around the world. This has also led to an increased probability of businesses and people becoming targets of malicious cyber activity, and increased awareness of cyber security.1. While not always obvious, the threat to businesses in New South Wales (NSW) is real, as is the estimated annual cost of cybercrime to the Australian economy. While figures vary, given the worldwide losses from cyber security attacks are estimated to cost economies around 1 per cent of GDP per year, the real impact of cybercrime to Australia is estimated to be around $17 billion annually.
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