Growing risk of cyber attacks on Sydney

The growing risk of cyber attacks leaves the Australian economy exposed to a potential $16 billion damage bill over the next decade, according to one of the world's biggest insurance companies. Key points: Sydney is at greatest risk, followed by Melbourne, Brisbane, Perth, Adelaide and Canberra Globally, Lloyd's warns $294 billion is at risk Individuals at risk from personal information in smartphones, personal computers In a joint study with Cambridge University, the Lloyd's insurance giant has found out of 301 global cities, Sydney ranks 12th in terms cyber attack exposure with $4.86 billion of economic growth at risk. In its City Risk Index 2015-2025, Lloyd's says Sydney is the riskiest Australian city, followed by Melbourne, Brisbane, Perth, Adelaide and Canberra. The internet of hacked things From airlines to traffic lights, hackers are infiltrating the world we live in. Explore some notorious cases. Globally, Lloyd's warns that $294 billion is at risk as attempted and successful cyber attacks become more prevalent. The warning comes after recent evidence of attempted cyber attacks at the Bureau of Meteorology, the Australian Bureau of Statistics and the Reserve Bank of Australia.

Cyberattack Source: SBS