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.Read More
It’s upsetting to report, but should come as no surprise, that scammers are seeking to take advantage of organisations during the COVID-19 pandemic.
The Australian Competition and Consumer Commission’s Scamwatch website reports that phishing attacks are on the rise, with scammers impersonating the World Health Organisation and other agencies. Scams include anything from offering victims a vaccine for COVID-19 to investment opportunities created by the pandemic.Read More
You’ve all likely seen various news reports and online posts about the coronavirus epidemic – you may have even received email alerts on how you can protect yourself from being infected.
It turns out cyber criminals are using our curiosity to bait us with fake documents purporting to inform us about coronavirus while actually infecting our systems with malware.Read More
Never mind your credit card details, let’s worry about cybercriminals stealing your identity.
The latest Breach Level Index released by Gemalto has revealed that identity theft was the primary target of hackers in 2015, with stolen personal information accounting for 53% of all data breaches.
It’s a worry, you see, because while your credit card has inbuilt security defences and merchant protection mechanisms, your valuable personal information is probably stored in multiple locations, across a number of interfaces, in a variety of forms, exposing it to substantial risk of theft.
Not only is the massive volume of personal information that is available to be stolen a cause for alarm, but what cybercriminals can potentially do with that information is the major concern.
So who is to blame? Well, malicious outsiders were the leading source of data breaches in 2015, accounting for 58%, accidental loss of data was next and then came malicious insiders, who accounted for 14% of all data breaches.
Clearly, companies need to recognise that today’s cyber environment demands robust security strategies that not only protect networks from external attacks and accidental data loss, but also keep an eye on insiders too.
To secure against a data breach, Gemalto recommends that organisations commit to the encryption of all sensitive information, secure storage and management of data and encryption keys, and controlled access and authentication of users.
Access the Gemalto 2015 Breach Level Index Report here.