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Paul Haskell-Dowland has been in the cybersecurity research and education domain for two decades — and it’s his mission to teach us all how to stay safe online. This is important work for the Edith Cowan University Professor of Cybersecurity Practice. The cost of cybercrime in Australia is very high, although the figures are likely to be even greater than the reported data suggest. Cybercriminals operate in a highly sophisticated environment. ( Provided: Paul Haskell-Dowland ) “Estimated [a couple of years ago] that the global cost of cybercrime … will reach the $1 trillion mark, and I believe it has passed that,” he said. “It’s very difficult to get an accurate indication of these numbers, because so much cybercrime goes unreported.” Professor Haskell-Dowland, who is also Associate Dean for Computing and Security, said for many people their only insight into the world of cybercrime is what is portrayed in the media in films like Hacker, and even the Diehard franchise. “If we go back

The Australian Communications and Media Authority (ACMA) has rolled out new rules to protect Australians from text message fraud. Key points: Australians lose more than $2 billion to fraud in 2021 Telecom providers could face fines of up to $250,000 if they fail to comply The frequency of fraudulent SMS increased sharply after crackdown on scam callers Starting today, cellular providers will be required to identify, track, and block text message fraud, share information about fraudulent messages with other providers, and report fraud to authorities. According to the Australian Competition and Consumer Commission (ACCC), Australians lost more than $2 billion to fraud in the last year, with about $10 million lost via text messages. Data from Scamwatch shows more than 67,000 text message frauds were reported during 2021. Federal Communications Secretary Michelle Rowland said the new rules would disrupt the scammers’ business model. “Most Australians have received a fraudulent text message

The collapse came days after another Victorian builder, Snowdon Developments, went into voluntary administration leaving 550 homes unfinished. On Friday another major private developer, CBD Developments, blamed government lease relief measures and the COVID-19 pandemic for the collapse of six of its companies. Credit reporting agency Creditor Watch expects more bad news to come in the building sector. “We’ve seen the bankruptcy numbers start to creep up,” said chief executive Patrick Coghlan, though he noted the bankruptcy numbers were still below 2019 levels. After the COVID-inspired lull, Australian banks and the Tax Office have begun issuing final notices to struggling businesses, something that hasn’t been done since the pandemic hit. Many construction companies have a hard time paying their bills on time – a sure sign of trouble ahead. Creditor Watch data shows nearly 12 percent of construction companies are late paying bills 60 days. Coghlan says builders small and large are now