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https://theconversation.com/espionage-cost-australia-12-5-billion-in-2023-24-asio-boss-mike-burgess-says-262349>
"Espionage cost Australia $12.5 billion in 2023-24, according to a study by
ASIO and the Australian Institute of Criminology.
The figure includes the direct costs of known espionage incidents, including
state-sponsored theft of intellectual property, as well as the indirect costs
of countering and responding.
Details of the
Cost of Espionage report were released by the head of ASIO,
Mike Burgess, in delivering the annual Hawke Lecture on Thursday night.
Espionage is defined as “the theft of Australian information by another country
that is seeking an advantage over Australia”.
Burgess said the Institute estimated foreign cyber spies stole nearly $2
billion from Australian companies and businesses in trade secrets and
intellectual property in 2023-24.
In one instance, spies hacked into a major Australian exporters computer
network, stealing commercially sensitive information.
“The theft gave the foreign country a significant advantage in subsequent
contract negotiations, costing Australia hundreds of millions of dollars.”"
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
