VeroGuard Chief Executive Nic Nuske says everyone is “being impacted” by “some sort of cybercrime”.

“Either directly or someone they know,” Mr Nuske said.

On average, one cybercrime is reported every six minutes, with ransomware and breaches causing billions of dollars in damages to the Australian economy.

“The estimates that we have from the analysts are telling us that there’s almost $US8 trillion worth of economic impact from cybercrimes every year.

“That’s anticipated to grow to $US23.8 trillion by 2027.”