It’s been revealed that Uber’s database has been hacked, with the personal information of more than 57 million users and drivers worldwide compromised. That’s a big number, but we are becoming increasingly numb to this kind of revelation, with all the cyber-leaks now making the news. What was the more astounding aspect of this particular incident is the fact it has taken Uber over a year to reveal the security breach – with the attack taking place in October 2016. Read More
Nausicaa Delfas, Executive Director and Chief Operating Officer at the Financial Conduct Authority (UK) recently presented a speech at the Cyber Security Summit and Expo 2017 in London.
During her speech, Ms Delfas cited an issue that often comes up in her conversations with firms, business people or leaders – how to manage risk that ‘lies beneath the surface’.
The Federal Parliament’s Joint Committee of Public Accounts and Audit, tasked with inquiring into the cyber resilience of certain Commonwealth entities has recommended that all such entities adopt a cyber security mitigation strategy called the Essential Eight. The Committee made this recommendation in its Report 467: Cybersecurity Compliance Inquiry based on Auditor-General’s report 42 (2016-17) (Report). Tarantino’s Hateful Eight is perhaps a little more convoluted than these simple touchstones of good practice. The Essential Eight are good reading for all enterprises, not just government agencies.
By Cameron Abbott and Olivia Coburn
Drug and vaccine manufacturer Merck & Co Inc has quantified the impact of a cyberattack on its revenue at US$135 million. The company disclosed the figure in its third quarter earnings report.
The cyberattack occurred in June and forced Merck to halt production of its drugs.