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There is a whole economy on the dark web built upon your stolen data – with an economic cost of approximately US$5t worldwide and US$1b in Australia alone.
On Sunday 26 April 2020 the Federal Government released the COVIDSafe smart phone app.
As organisations are navigating a new reality – confronting interruptions and disruptions – it is more vital than ever that organisations ensure good risk mitigation practices remain in place to manage rapidly evolving risks and minimise impacts.
Zoom has had security flaws identified and reported on for some time now. These flaws have been the aforementioned call hijacking, questionable encryption, call traffic being routed through Chinese servers and the more covert issue of Mac users being unknowingly forced into calls.
Cybercriminals are taking advantage of the COVID19 panic, targeting individuals, corporations, governments and industries globally.
In early 1848, in the middle of a Californian river, gold flakes were discovered. Not even a year later, an influx of approximately 300,000 migrants arrived and staked their claims in the hopes of making their fortunes.
Though ransomware is not new in the cybersecurity space, its implications can have substantial impact on businesses.
The Australian Prudential Regulation Authority (APRA) recently published its plans to significantly scale up its efforts to raise the standards of governance, culture, remuneration and accountability (GCRA) across financial institutions.
Corporate governance has been a hot topic of discussion in Australia for many years – spearheaded by Royal Commissions, drilled home by corporate law changes to charge company directors with more responsibilities, and demanded by consumers and shareholders holding companies to a higher standard of behaviour and transparency.
Last month, the Government released its implementation roadmap accepting all 76 of the Royal Commission’s recommendations plus committing to an additional 18 actions.
According to industry best practice guidance in Australian Cyber Security Centre’s Essential Eight, a business's first step is to identify: what systems to protect, what information is likely to be targeted and how much protection is required.
Cybercrime does not discriminate by business size or industry. For a hacker to realise their ultimate goal – whether that be making money, stealing infrastructure, leveraging data to steal assets or boosting their ego – they want to find the easiest targets quickly.