Archive · 25 Jun 2025
Australia's Cyberattack Recovery Speeds Up After Tougher Regulations
Imagine companies getting hacked.
It used to take a long time to fix things, but now it's getting faster in Australia!
This is because companies are learning more about protecting themselves, and the government is making stricter rules after some big hacking events.
Even though things are improving, some companies still aren't ready for attacks, and many don't fully know where their important information is kept.
Cybercrime is also costing businesses less now, which is a positive sign.
Australian companies' cyberattack recovery time decreased to 28 days, still behind the global average of 24.
Improved recovery is linked to increased awareness and stricter regulatory requirements.
Mandatory breach disclosures and cybersecurity compliance reporting were introduced in Australia after major attacks.
The average cost of cybercrime per business in Australia fell by 8% in the year to June 2024.
Fewer than a third of firms could respond effectively to an attack, with 12% lacking a formal response plan.
- Who
- Australian companies and IT executives.
- What
- Australian companies are recovering faster from cyberattacks.
- When
- Recovery times have improved in the year to the survey.
- Where
- Australia.
- Why
- Due to increased awareness, stricter regulations and compliance reporting.
- Average Recovery Time (Australia)
- 28 days
- Global Average Recovery Time
- 24 days
- Surveyed IT Executives
- 408
- Cost Reduction per Business
- 8%
- Companies Lacking Response Plans
- 12%