AI-driven cyber threats could cost Australian businesses $37B by 2030

A Mandala Partners report commissioned by CyberCX (Accenture) projects cyber incidents in Australia will jump from 38,000 in 2025 to 357,000 by 2030, with annual losses reaching $37 billion. Basic defenses such as MFA, access management and patching could cut losses to $13 billion a year.

• Cyber incidents to grow nine-fold, from 38,000 in 2025 to 357,000 by 2030
• Annual losses for Australian businesses could reach $37 billion by 2030
• Foundational defenses could reduce losses to $13 billion a year
• Cyber security gets 4.4% of Australian IT budgets vs 7-10% globally