AI Cyber Threats Are Changing SMEs’ Risk
- GIB Geelong Insurance Brokers
- Oct 24
- 1 min read
Updated: Nov 4
Australian SMEs are discovering that cybercrime has evolved far beyond obvious phishing attempts.
Modern attacks leverage artificial intelligence (AI), creating sophisticated scams. They’re harder to detect and significantly more expensive to resolve.
According to the Australian Cyber Security Centre’s 2023-24 Annual Threat Report, over 87,400 cybercrime reports were submitted, representing one incident every six minutes.
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