SecurityBrief Australia - Technology news for CISOs & cybersecurity decision-makers
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AUCloud combats rising scams with new cyber security training
Tue, 5th Mar 2024

Renowned cyber security company AUCloud has announced the introduction of advanced cyber security training and phishing simulations to tackle the rising scam epidemic menacing inboxes nationwide. This launch comes amid figures from the Australian Government indicating that Email compromise and business email business (BEC) fraud both feature in the top three cybercrime types disrupting businesses.

Peter Maloney, CEO of AUCloud, emphasised the increasing complexity of cyber threats, calling on organisations to arm their staff with sufficient skills to discern and counter potential threats. "On our platform, we see an average fail rate of 30% for initial phishing simulations. But regular awareness training can see clients reduce their phishing score by 98%," Maloney explained.

This dedication to providing comprehensive solutions to help organisations manage and safeguard their data is a keystone of AUCloud's mission. With the debut of this advanced cyber security training, the company pushes the envelope beyond orthodox approaches by integrating realistic phishing simulations.

Maloney underscored the crucial role of phishing simulations and consistent training in forming a resilient defence against BEC. He advised organisations to incorporate vigorous cyber security measures. 

Maloney commented, "AUCloud is determined to offer the most comprehensive solutions to help businesses manage and protect Australian organisations' data. AUCloud's advanced cyber security training goes beyond conventional methods by incorporating realistic phishing simulations."

"Phishing simulations and regular training serve as a crucial line of defence against business email compromise (BEC) by providing organisations with a proactive means to prepare and empower their employees."

"Organisations must implement robust cyber security measures, including employee training, multi-factor authentication, and email security protocols, to mitigate the risks associated with BEC incidents," said Maloney. 

The ASD's annual Cyber Threat Report for the year 2022-23 unveils an increase of 14% in the average cost of cybercrime compared to the previous year. This results in an average expense of AUD $97,200 per incident incurred by medium-sized Australian businesses.

According to AUCloud, spearphishing-related emails concerning HR and IT updates and notices are the emails most often clicked by Australian businesses. The firm's phishing training and simulations equip individuals to recognise and respond to phishing attempts using interactive online training modules and exercises that imitate and prepare for real-world scenarios.

This training solution, custom-made with Australian businesses in mind, aims to transform the way organisations instruct employees to spot and evade email phishing scams. The newly launched cyber security phishing training and simulations have currently been made available throughout AUCloud's suite of award-winning cyber security and secure cloud solutions.