Phishing attacks across Australia surged by 30% last year, driven by rising global cybercrime targeting the Asia-Pacific region, particularly due to its economic significance. Abnormal Security's research revealed that APAC experienced a 30.5% increase in credential phishing from 2023 to 2024, with New Zealand and Japan seeing significant spikes as well. Additionally, business email compromise attacks rose, with a substantial financial impact noted. The increase in cyber threats has been linked to the region's strategic position in trade, finance, and data industries, making organizations appealing targets for attackers.
"The surge in attack volume across the APAC region can likely be attributed to several factors, including the strategic significance of its countries as epicentres for trade, finance, and defence."
"This makes organisations in the region attractive targets for complex email campaigns designed to exploit economic dynamics, disrupt essential industries, and steal sensitive data."
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