AI-generated deepfake attacks have emerged as the top cyber threat for IT professionals in Australia, prompting 66% of companies to develop response plans. Phishing remains a predominant concern. The report reveals that 92% of Australian IT professionals experienced phishing emails over the past year, with 86% encountering colleagues who had clicked on malicious links. Phishing and ransomware attacks are projected to remain pressing issues in 2025, seen as the top threats by 32% and 30% of IT professionals, respectively.