Tag: COVID

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Can It Get Any Worse? Travel Giant CWT pays $4.5 Million USD ransom to Hackers who Stole Corporate Files and Knocked 30,000 Computers Offline
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“The best of its kind anywhere in the world today”: COVIDSafe among the safest tracing apps globally, study finds
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Credential stuffing during COVID-19: Cybersecurity firm purchased over 500,000 Zoom account credentials on the dark web and hacker forums
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Click your “e-John Hancock” onto that: COVID-19 helps the Australian Government clear the way for electronic execution under section 127(1) of the Corporations Act
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#WashYourCyberHands
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Let’s Track This Through: Tracking Data at the Epicentre of Efforts to Stop COVID Outbreak as Federal Government Considers Implementing Opt-In Mobile Application
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A phishing pandemic (and offensive): Part III
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A phishing pandemic – Part II
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Forgotten Issues: What Business Continuity Planning in the COVID-19 Era Isn’t Contemplating
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Not So Zoomy: Use of Videoconferencing Technology “Zoom” on the Rise, but Privacy and Data Security Inadequacies suggest Users should Tread Carefully

Can It Get Any Worse? Travel Giant CWT pays $4.5 Million USD ransom to Hackers who Stole Corporate Files and Knocked 30,000 Computers Offline

By Cameron Abbott and Max Evans

In these unprecedented times, where travel around the globe is primarily halted as nations get to grips with controlling the outbreak of COVID-19, many would think it couldn’t get any worse for travel companies. However, they would be wrong, as according to an article from ITNews, American travel management giant CWT has reportedly paid a whopping 414 bitcoin, equivalent to a value of 4.5 Million USD (approximately 6.3 Million AUD), to hackers who successfully exfiltrated over 2 terabytes of sensitive corporate files.

According to the Article, the successful hackers used a strain of ransomware referred to as “Ragnar Locker” which places computer files into a virtual prison through encryption and renders them unusable until the victim pays for the keys. Then in CWT had to negotiate in a public chat forum to pay for the release.  It gives us a rare insight into the dialogue that followed. CWT negotiated the hackers down from their initial demand of 10 Million USD. According to the Report, whilst the hackers claimed to have stolen over 2 terabytes of files including financial reports, security documents and employees’ personal data, it was not clear whether any customer data was compromised.

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“The best of its kind anywhere in the world today”: COVIDSafe among the safest tracing apps globally, study finds

By Cameron Abbott, Warwick Andersen, Rob Pulham and Rebecca Gill

In some positive news about the Federal Government’s COVIDSafe app, the University of Adelaide’s cybersecurity experts have assessed the Australian contact tracing app to be one of the best and safest among 34 apps used globally to track and trace COVID-19 cases.

A team from the University’s School of Computer Science made the judgment in a study which assessed Android versions of 34 of the world’s COVID-19 contact tracing apps for security and privacy vulnerabilities.

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Credential stuffing during COVID-19: Cybersecurity firm purchased over 500,000 Zoom account credentials on the dark web and hacker forums

By Cameron Abbott, Michelle Aggromito and Rebecca Gill

In what could only be adding fuel to the fire that is the growing concern over Zoom’s privacy and data security risks, it has been reported that over 500,000 Zoom accounts were sold on the dark web and hacker forums earlier in April. The accounts were purchased by cybersecurity firm Cyble after it noticed free Zoom accounts were being posted on hacker forums.

Cyble was able to purchase approximately 530,000 Zoom credentials, which included a user’s email address, password, personal meeting URL, and their HostKey (a six-digit number used to host meetings on Zoom). Victims included well-known companies such as Chase, Citibank and educational institutions including the University of Colorado and the University of Florida. According to Cyble, credentials belonging to its clients in the bulk purchase were also confirmed to be correct.

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Click your “e-John Hancock” onto that: COVID-19 helps the Australian Government clear the way for electronic execution under section 127(1) of the Corporations Act

By Cameron Abbott, Rob Pulham and Warwick Andersen

Temporary amendments to the Australian Corporations Act 2001 (Cth) (Corporations Act) took effect on 6 May 2020, making it easier to facilitate company meetings using remote technology, and providing some certainty as to companies’ execution of documents electronically under section 127(1) of the Corporations Act.

The Corporations (Coronavirus Economic Response) Determination (No. 1) 2020 (Determination) allows company meetings such as AGMs to be held using technology rather than face-to-face meetings, and enables a quorum, votes, notices and the asking of questions to be facilitated electronically. For a more in-depth look at these changes, see “Operating a Business During COVID-19: The Implications for Public Companies” by our colleagues Harry Kingsley, Kaveh Zegrati, and Alex Garfinkel.

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#WashYourCyberHands

By Cameron Abbott and Keely O’Dowd

There has never been a better time to #WashYourCyberHands.

The COVID-19 pandemic has provided the perfect breeding ground for cyber criminals to capitalise on, and exploit the outbreak of the virus to steal data, commit fraud and circulate online scams. Law enforcement agencies and the cybersecurity industry have seen an increase in the number of targeted cyberattacks by criminals since the outbreak began.

INTERPOL has announced it is launching a global campaign to raise awareness about the top coronavirus related cyber threats throughout the globe. The campaign will provide basic cyber hygiene advice to businesses and individuals on how to ‘wash your cyber hands’ and protect systems and data from cyber threats.

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Let’s Track This Through: Tracking Data at the Epicentre of Efforts to Stop COVID Outbreak as Federal Government Considers Implementing Opt-In Mobile Application

By Cameron Abbott, Warwick Andersen, Rob Pulham and Max Evans

We previously blogged about the plethora of Asian countries who are using telecommunications networks, smart phone applications and messaging services to inform, track and monitor individuals who may have contracted COVID-19. It appears that Australia’s eyes are on similar technology opportunities, as according to an article from the SMH, the Federal Government will ask Australians “within weeks” to opt in and sign up for a mobile application that uses tracking data to alert individuals as to their risks of contracting COVID-19.

According to the article, the relevant application will monitor the movements of participants to inform individuals whether they have been close to someone already infected with COVID-19. The application also has the functionality to enable someone who has contracted the virus to notify health authorities and ensure that an alert is sent to anyone he or she has been in contact with over the previous 24 hours. Both of these processes are part of what is known as “contact tracing”.

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A phishing pandemic (and offensive): Part III

By Cameron Abbott, Rob Pulham, Michelle Aggromito and Rebecca Gill

As noted in part I of this blog, various reports have highlighted the significant increase in phishing scams in light of the global COVID-19 pandemic. In particular, there has been an increase in coronavirus-related emails and SMS messages that are embedded with malicious links or documents, created for the purposes of stealing personal information (among other things), usually for financial gain. In order to stop the spread (pardon the pun) of such virus-inspired phishing scams, the Australian Signals Directorate (ASD) has confirmed that it has launched an offensive against malicious attackers located offshore.

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A phishing pandemic – Part II

By Cameron Abbott, Rob Pulham, Michelle Aggromito and Rebecca Gill

In part 1 of this blog, we highlighted the increase in phishing scams in light of the global COVID-19 pandemic. In this part 2, we discuss some practical tips that organisations can implement to mitigate the heightened risks of falling prey to such scams.

So, where to begin? You may have seen a recently published alert on the K&L Gates Hub: Responding to COVID-19 series, which provides high level ideas and tips for organisations when implementing remote working procedures for their employees. In particular, organisations should consider implementing:

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Forgotten Issues: What Business Continuity Planning in the COVID-19 Era Isn’t Contemplating

By Cameron Abbott, Warwick Andersen, and Max Evans

As the world grinds to a halt following the dispersion of COVID-19 and businesses around the globe experience a significant downturn, more and more businesses are turning towards their Business Continuity Plan (BCP) in order to mitigate the potential impacts of this worldwide emergency on business sustainability. However, a key aspect of BCP’s is that they encapsulate the full scale of collateral issues that may arise from such an emergency.

From a technology perspective, BCP’s need to consider access. This issue is twofold: being access to premises in which businesses operate in order to correct system defects and system outages, as well as access to external premises that provide technology services such as data storage or data security services.

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Not So Zoomy: Use of Videoconferencing Technology “Zoom” on the Rise, but Privacy and Data Security Inadequacies suggest Users should Tread Carefully

By Cameron Abbott, Warwick Andersen, Rob Pulham and Max Evans

As the world grinds to a halt following the perpetuation of COVID-19, more and more businesses have turned to remote work arrangements. This has led to a sharp rise in the use of videoconferencing technology Zoom. However, as the Australian Financial Review notes, flawed data security and privacy practices mean that the use of Zoom could be disastrous for corporate and personal privacy.

Concerns surrounding the use of Zoom arose earlier this year, with critical security vulnerabilities enabling hackers to predict Meeting ID’s and therefore join active meetings, and also allowing any website to forcibly join a user to a Zoom call with their video camera activated and without the user’s permission. Whilst a number of these errors were patched up, as the article notes, Zoom refused to disable the ability for hackers to forcibly join to a call anyone visiting a malicious site, raising security red flags and undermining public confidence in Zoom’s attitude towards data security. A strange response given that part of its attraction had been a perceived stronger approach to security.

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