Ransomware payments have risen 500% in the past year, driven by cybercriminals’ use of Generative AI and improved targeting. Legacy Multi-Factor Authentication (MFA) methods are proving increasingly ineffective, leading to widespread losses. More robust, next-generation authentication solutions are needed, which utilise sophisticated methods such as biometric measures. This can greatly reduce the chances of cybercriminals breaching corporate networks, protecting data, financial resources, and operations.
Quarter of Australian hospitals lack strong cyber measures
Almost 23% of Australia’s top hospitals lack adequate cybersecurity measures, according to cybersecurity firm Proofpoint. An analysis of 70 hospitals found the strongest level of
