Managing Threats & Attacks – Page 13

Cybersecurity vulnerability revealed after NSW Government agency’s 49-day hack

Mar 07 2018

By Cameron Abbott and Harry Crawford

The NSW Government’s vulnerability to hacking has been exposed in a report by state’s auditor-general, in which it was revealed that one government agency took 49 days to shut down a hack.

This hack started with an email account of the unnamed agency being compromised and used to send out “phishing” emails to get the credentials of finance staff members. By day 20, 300 staff had clicked on the bogus link in the phishing email. 200 email accounts ended up being under the control of the hackers.

Cybercrime most costly to financial services

Feb 27 2018

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.

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

Feb 25 2018

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.

Mandatory Data Breach Reporting in 60 seconds

Feb 23 2018

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?

Feb 15 2018

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.

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

Feb 09 2018

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.

Fitness tracking app reveals US army secrets?

Jan 29 2018

By Cameron Abbott and Allison Wallace

Sometimes you don’t need a “hack” to have a cybersecurity issue. The locations of several US military bases in the Middle East seem to have been inadvertently revealed through US soldiers’ use of fitness tracking devices, and the fitness tracking app Strava. Read More

Tech giants scramble as gigantic vulnerability revealed

Jan 09 2018

By Cameron Abbott and Harry Crawford

In one of the largest cybersecurity scares in history, researchers revealed two CPU vulnerabilities for practically all computers manufactured in the last two decades which could allow hackers to gain access to stored data.

The co-existence of open data and privacy in a digital world

Dec 22 2017

By Cameron Abbott, Keely O’Dowd and Giles Whittaker

Earlier this week researchers from the University of Melbourne released a report on the successful re-identification of Australian patient medical data that formed part of a de-identified open dataset.

In September 2016, the researchers were able to re-identify the longitudinal medical billing records of 10% of Australians, which equates to about 2.9 million people. The report outlines the techniques the researches used to re-identify the data and the ease at which this can be done with the right know-how and skill set (ie someone with an undergraduate computing degree could re-identify the data).

At first glance, the report exposes the poor handling of the dataset by the Department of Health. Which brings into focus the need for adequate contractual obligations regarding use and handling of personal information, and the need to ensure adequate liability protections are addressed even where the party’s intentions are for all personal information to be de-identified. The commercial risk with de-identified data has shown to be the equivalent of a dormant volcano.

Malware with your coffee? Starbucks customers sent to the virtual mines… to find bitcoins

Dec 20 2017

By Cameron Abbott and Harry Crawford

“Free” Wi-Fi isn’t necessarily so. The Wi-Fi provided in a Starbucks store in Buenos Aires was recently discovered to be planting malware onto customer’s laptops. This is another lesson in how cybersecurity can affect even the most innocuous corner-store businesses.

Catagory:Managing Threats & Attacks