Cybercrime Costs for Large Businesses Surge 219 Percent: ASD

A member of the hacking group Red Hacker Alliance who refused to give his real name uses a website that monitors global cyberattacks on his computer at its office in Dongguan, Guangdong Province, China, on Aug. 4, 2020. Nicolas Asfouri/AFP via Getty ImagesThe Australian Signals Directorate (ASD) has revealed that the cost of cybercrime for large Australian businesses has increased by 219 percent compared to the previous year.During a parliamentary inquiry into capability of law enforcement to respond to cybercrime, the head of ASD’s cyber security centre, Stephanie Crowe, said the agency received around 84,000 reports of cybercrime in the 2025 financial year.