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Australians lose nearly AU $ 300 million to scams in the first half of 2022
ustralians have lost AU $ 295
A million to scams in the first half of 2022 according to newly released data from the Australian Competition and Consumer Commission ’ s ( ACCC ) Scamwatch .
The total losses from January to June 2022 have more than doubled compared to the first half of 2021 , where Australians lost a combined AU $ 139 million .
While losses to scams have increased exponentially since last year , the total number of scams reported to Scamwatch has decreased by 15 %. During the first half of 2022 , 105,153 scams were reported compared to 124,321 in the first half of 2021 , suggesting scammers are becoming more effective and sophisticated when stealing personal information and siphoning money from fewer attempts .
Adrian Covich , Senior Director , Technical Sales , Asia Pacific and Japan at Proofpoint , said :
“ Staying up-to-date with Scamwatch ’ s alerts about active scams circulating can help Australians stay protected . With the data from Scamwatch showing investment scams are continuing to cause devastating losses , we urge Australians to never give out personal
Adrian Covich , Senior Director , Technical Sales , Asia Pacific and Japan at Proofpoint
or financial information to someone they don ’ t know , whether that ’ s over phone , email , text or the Internet .”
Investment scams were the most financially damaging during the first half of 2022 , causing more than AU $ 219 million in losses compared to AU $ 177 million lost throughout the entirety of 2021 .
Study shows solutions exceed expectations in remote work connectivity and security
asergy , the software-defined-network and cloud
M platform for the digital enterprise , and Fortinet , a global leader in broad , integrated and automated cybersecurity solutions , have released the results of a new Secure Access Service Edge ( SASE ) research study from CIO . The findings show recent trends are accelerating investments in SASE solutions with recognised benefits exceeding expectations across five key categories – most notably remote work connectivity and security performance .
important ,” said Franz Chavez , Vice President , Solutions Engineering at Masergy , now part of Comcast Business . “ We know that building intelligence across disciplines is essential in a world where work is no longer defined by location . Network and security teams require new ways of working together – across all domains and resources with shared visibility to drive actionable insights . That ’ s where SASE is gaining steam .”
This trend is the reason Fortinet and Masergy teamed up in 2020 to deliver a highly differentiated SASE architecture that converges security and networking . The Masergy-delivered SASE offering is built using Fortinet Secure SD-WAN , which converges highly scalable SD-WAN , next-generation firewall , advanced routing and Zero Trust Network Access ( ZTNA ) into a single solution . Combined with Masergy ’ s global softwaredefined-network , 24 / 7 network and security management services , industry-leading service level agreements and exceptional customer experience , the joint SASE offering helps redefine what is possible for future-thinking businesses .
“ An overwhelming majority of respondents ( 98 %) believe convergence of network and security is critical or very
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