Archive: February 2018

1
De-identification of Data and Privacy
2
Cybercrime most costly to financial services
3
Hackers target cryptocurrency via Tesla’s public cloud: don’t mine our business – mind your own business!
4
Mandatory Data Breach Reporting in 60 seconds
5
The Pyeongchang Winter Olympics – skating on thin ice when it comes to cybersecurity?
6
Cybersecurity is only one part of security – a filing cabinet could be your highest risk
7
Facebook wants you to know that it’s accountable for your privacy

De-identification of Data and Privacy

By Cameron Abbott, Keely O’Dowd, Giles Whittaker and Harry Crawford

As promised in a previous blog post, K&L Gates have performed an in-depth analysis of the risks of relying on de-identification of data to protect privacy, in the wake of researchers successfully re-identifying de-identified medical data that was released by the Australian Department of Health in 2016.

Read the article on the K&L Gates HUB here.

Cybercrime most costly to financial services

By Cameron Abbott and Keely O’Dowd

A study by Accenture and Ponemon Institute – Cost of Cyber Crime Study: Insights on the security investments that make a difference – found cyberattacks cost financial service firms more to address and contain than in any other industry. The rate of breaches in the industry has tripled in the past five years. On average, the cost of cybercrime for financial services companies globally has increased by more than 40% over the past three years, from $12.97 million per firm in 2014 to $18.28 million in 2017.

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Hackers target cryptocurrency via Tesla’s public cloud: don’t mine our business – mind your own business!

By Cameron Abbott and Samantha Tyrrell

Not even Tesla is immune to digital security breaches according to a recent report published by RedLock. The cloud security firm discovered that intruders were able to access and exploit Tesla’s public cloud system to mine cryptocurrencies, a scheme – which due to its surge in popularity – is now better known as cryptojacking. A recent string of similar incidents has demonstrated that hackers are shifting their focus away from siphoning data to siphoning cloud resources instead.

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Mandatory Data Breach Reporting in 60 seconds

By Cameron Abbott

The notifiable data breach scheme, as outlined in the Privacy Amendment (Notifiable Data Breaches) Act 2017 (Cth), commenced yesterday, 22 February. Under this new scheme, in the event an organisation experiences a data breach that is likely to result in serious harm to any individual, that organisation will be required to notify the Australian Information Commissioner and any affected individual(s) of the breach. This 60 second video will help you prepare your organisation for these changes.

 

The Pyeongchang Winter Olympics – skating on thin ice when it comes to cybersecurity?

By Cameron Abbott and Samantha Tyrrell

McAfee, a cybersecurity company, reported that organisations associated with the Pyeongchang Winter Olympic Games suffered security breaches as part of a hacking campaign in January. In a second chapter to this story, organisers have recently confirmed that Olympic servers were the subject of a cyberattack during the opening ceremony last Friday.

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Cybersecurity is only one part of security – a filing cabinet could be your highest risk

By Cameron Abbott and Harry Crawford

No matter how much you spend on cybersecurity technology, data breaches can occur in the most basic ways, for example by leaving an old filing cabinet lying around. This demonstrates the need for a holistic approach to information security.

Recently, highly confidential government papers were discovered inside two locked filing cabinets that were purchased at a second-hand furniture shop in Canberra. What likely happened was a public servant overseeing an office clean up unwittingly sold the filing cabinets containing state secrets to the furniture shop.

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Facebook wants you to know that it’s accountable for your privacy

By Cameron Abbott and Samantha Tyrrell

Facebook has always been confronted with privacy-related scrutiny, including being the respondent in the proceedings that ultimately brought down the EU-US privacy shield. On 28 January 2018, Facebook revealed its “privacy principles” to users for the first time. Via a series of educational videos and a ‘Privacy Check Up’ function, Facebook has shared the core principles it uses to guide its approach to privacy. Facebook will also roll out a new hub which will allow users to more easily control their privacy settings.

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