31-07-2025
Espionage Cost Australia $8 Billion in Fiscal ‘24, Spy Boss Says
Australia's spy chief said espionage cost the economy a minimum A$12.5 billion ($8 billion) in fiscal 2024, as he seeks to raise awareness about the intensification of foreign efforts to steal information.
Mike Burgess, the director-general of the Australian Security Intelligence Organisation, said that his group had partnered with the Australian Institute of Criminology to produce its first cost of espionage report. The ASIO chief said it's probably the first and definitely the most comprehensive public analysis of its kind in the world.
