Cybercrime is no longer just an IT issue, it’s a boardroom priority.

The average cost of a data breach in Australia reached $4.03 million in 2023 (ARN), with threats becoming more sophisticated and harder to detect. Here are five critical cyber threats businesses face today and how we recommend to mitigate them effectively:

Phishing & Social Engineering – 90% of cyber incidents begin with a phishing attack. Spear phishing, impersonation scams, and AI-powered deepfakes make these attacks increasingly convincing.

✅ Mitigation: A Corp’s tailored security awareness training, advanced email filtering, and AI-powered threat detection.

Ransomware and Data Extortion – A ransomware attack occurs every 11 seconds globally, with ransom demands soaring into the millions. Cybercriminals now use “double extortion,” encrypting data while threatening to leak it.

✅ Mitigation: Immutable backups, extended detection and response (XDR), and a well-tested incident response plan.

Credential Theft and  MFA Fatigue Attacks – 80% of breaches involve stolen or weak credentials. Attackers exploit password reuse and MFA fatigue, overwhelming users with authentication prompts.

✅ Mitigation: Enforce strong, unique passwords, implement A Corp’s managed password solution software.

Insider Threats and Privilege Misuse – Whether malicious or accidental, insider threats account for more than 25% of breaches. Shadow IT, misconfigured permissions, and poor security hygiene amplify risks.

✅ Mitigation: Zero Trust security frameworks, role-based access controls (RBAC), and continuous monitoring for anomaly detection.

Unpatched Software and Supply Chain Attacks – The MOVE it breach and other software supply chain attacks highlight how one vulnerability can compromise thousands of businesses.

✅ Mitigation: Automated patch management, software bill of materials (SBOM) tracking, and vendor security assessments.

At A Corp, we take a proactive approach to cybersecurity, offering continuous monitoring, security training, and advanced threat intelligence to keep your business ahead of emerging threats.

Is your cybersecurity strategy keeping up? Let’s discuss how we can help.