Weekend Edition: The asymmetric battle

NAB Morning Call

Friday 18th October 2024

Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here.

NAB is in the thick of it, along with the rest of corporate Australia, and the government, fighting cyber-crime. This month is cyber-crime month and the message for consumers is clear - keep devices and software up to date, use strong and unique passwords and recognise and report phishing.

Meanwhile, what’s being done behind the scenes to beat the criminals? Chris Sheehan, General Manager for NAB group investigations, says it’s an asymmetrical battle. That doesn’t mean NAB is losing, just that there must be constant awareness of what’s coming next. Does that mean teams of NAB people are lurking in the dark web, posing as wrongdoers? And what’s the risk that, despite all best efforts, the cyber criminals win and the whole system comes crashing down?

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