Australia's Evolution Mining targeted in latest cyber attack
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 12 2024
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Source: Reuters
Cyber Attack on Evolution Mining: Evolution Mining reported a cyber attack last week, part of a broader trend affecting Australian firms, although the breach has been contained and is not expected to impact operations significantly.
Rising Cyber Crime in Australia: Cyber crime reports in Australia increased by nearly 25% in the past year, with major companies like Optus and Woolworths also experiencing data breaches, highlighting vulnerabilities in the country's cyber security infrastructure.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
