begood Posted May 19, 2010 Report Posted May 19, 2010 Organized crime is estimated to be costing Australia $15 billion annually, according to The Age. Cyber crime alone account for nearly $70 million stolen each year.The major avenues for cyber crime are hacking and identity theft that defrauds the Australian government, companies and private citizens of millions annually. The United States and Australia are working closely together to combat the cyber threat and each government is increasing its efforts to curtail the growing rates of cyber crime and cyber espionage.Both the United States and Australia are currently pushing to build out their respective cyber workforces. The Australian Department of Defence has also opened a new cybersecurity center in Canberra and the U.S. Congress recently confirmed Lt. Gen. Keith Alexander as the head of U.S. Cyber Command, which will be responsible for all Department of Defense networks.Australian Cyber Crime Nets $70 Million Annually :: Hack In The Box :: Keeping Knowledge Free Quote
