at the University of New South Wales, computers are the weapon of choice

for industrial espionage and hacking incidents are more widespread than

reported. The European Commission estimates the worldwide damage to

business from cyber crime at US$1 trillion annually. Governments across

the globe are stepping up efforts to strengthen cyber security, but will

it be enough? Maurushat urges increased public awareness, proper risk

analysis and mandatory reporting of certain breaches to share

intelligence. She also says the IT industry needs to be held liable for

its product quality. Local cyber-detectives warn that under-resourcing

leaves Australia vulnerable.