Mark Lukie , Director of Solution Architects – APAC , Barracuda , speaks to us about the company ’ s latest financial report , which highlights why Australian businesses in the banking sector need to take their cybersecurity more seriously .

The State of Cyber Resilience in Australia 2022 survey of Australian workers found the majority do not understand the threats that can exist within emails and could unwittingly cause significant damage and losses to their organisation . The survey results are based on responses from more than 500 staff in Australian organisations of at least 50 employees .

Of those surveyed , 60 % said they believed clicking on links contained in business emails was safe while more than half ( 52 %) admitted they would click on a link if the email appeared to come from a sender that they trusted .

The results are a wake-up call for FinTech firms and show there is a pressing need for more cybersecurity awareness training . Staff need to understand the dangers that can be contained within emails and the steps that should be taken to minimise risks .

The need for training has been made even more acute with the shift to hybrid working patterns in the wake of the COVID-19 pandemic . When working from home , staff are no longer protected by corporate firewalls and other measures and are thus more susceptible to attacks .

Concerningly , more than half ( 51 %) of survey respondents admitted they had suffered a cybersecurity breach during the past 12 months , with a further 16 % saying this had occurred within the past year .

Phishing adds up as a top threat

Of the attacks that can be mounted via email , phishing remains the most dominant type experienced by Australian www . intelligentfin . tech

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