Tag: phishing

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The battle against phishing
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Cost of cybercrime hits a new high according to the ACCC’s Scamwatch Report
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Cybersecurity vulnerability revealed after NSW Government agency’s 49-day hack

The battle against phishing

By Cameron Abbott, Michelle Aggromito and Jacqueline Patishman

All over the world, organisations and individuals battle phishing. Even in systems with a high degree of security, phishing is still a risk and human failures to spot and deal with phishing can cause the best of security policies and procedures to become undone.

To fight phishing at the source, the UK’s National Cyber Security Centre (NCSC) recently achieved some success in this space through its use of email verification technology to fight phishing attacks. This technology, called ‘Synthetic DMARC’, works by assigning a DMARC record for all domains attempting to pass-off as gov.uk domains, by analysing and vetting non-existing subdomains against DNS records and building on authentication systems of the past.

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Cost of cybercrime hits a new high according to the ACCC’s Scamwatch Report

By Cameron Abbott and Giles Whittaker

Australians are suffering more than ever to various cyber scams, with the ACCC’s ninth annual Targeting Scams Report confirming the ACCC received more than 200,000 scam reports costing a total of roughly $340 million during 2017, a $40 million increase from 2016. Whilst this increase is attributed to a variety of different cyber scams, including investment scams which totalled $64 million, an increase of more than 8%, the second largest contributor to the $340 million total losses was from dating and romance scams which amounted to $42 million. The search for love clearly has its costs. With the average loss suffered per victim totalling $6500, these losses are not inconsequential and continue to push cybersecurity into the forefront of both individuals and businesses daily activities.

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

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.

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