Cyber Security Archives - CIO Tech Asia

Russian state-sponsored and criminal cyber threats

May 19, 2022May 20, 2022 CIO Tech Team

Cybercrime groups have threatened to conduct cyber operations. Evolving intelligence indicates that the Russian government is exploring options for potential cyberattacks. Recent Russian state-sponsored cyber operations have included distributed denial-of-service (DDoS) attacks, and older operations have included deployment of destructive malware against Ukrainian government and critical infrastructure organizations. Additionally, some cybercrime groups…

Cyber threats to managed service providers and their customers

May 19, 2022May 20, 2022 CIO Tech Team

Focusing on guidance that enables transparent discussions. Summary The United Kingdom’s National Cyber Security Centre (NCSC-UK), the Australian Cyber Security Centre (ACSC), Canadian Centre for Cyber Security (CCCS), the Cybersecurity and Infrastructure Security Agency (CISA), the National Security Agency (NSA), and the Federal Bureau of Investigation (FBI) expect an increase…

Malicious cyber activity targeting MSPs

May 13, 2022May 16, 2022 CIO Tech Team

Cybercrime cartels have studied the interdependences of financial institutions. A joint advisory has been published by the U.S., UK, Canada, and ANZ warning of malicious cyber activity targeting MSPs and providing guidance on how best to protect against these cyber threats. VMware’s recent Modern Bank Heists report, referenced this, revealing 60 per cent of financial…

Western Australian Government continues to improve its cybersecurity posture

May 12, 2022May 16, 2022 CIO Tech Team

Phishing is the most common type of cyberattack threatening its networks and information. As cyberattacks become more frequent and sophisticated, it’s crucial that governments are well-equipped to not only respond to threats but prevent them from happening in the first place. Everyone needs to be on the same page in…

Multiple vulnerabilities present in F5 products

May 11, 2022May 12, 2022 CIO Tech Team

F5 released a security advisory relating to multiple Critical and High rated CVE’s. Update Multiple Critical and High-risk vulnerabilities exist in certain versions of F5 products. As of 10 May 2022, the ACSC is aware of malicious cyber actors actively exploiting vulnerable versions of F5 products in Australia and globally.…

Adopting an enhanced cyber security posture

May 5, 2022May 4, 2022 CIO Tech Team

There are no specific or credible cyber threats to Australian organisations currently. Context Following the attack on Ukraine, there is a heightened cyber threat environment globally, and the risk of cyber-attacks on Australian networks, either directly or inadvertently, has increased. While the ACSC has no specific intelligence relating to a…

Ukraine war has complicated the way cybercriminals launder funds

April 29, 2022May 2, 2022 Lilia Guan

However, they are adapting. It’s becoming clear that Russia’s invasion of Ukraine has complicated the means through which cybercriminals launder funds, but they are adapting. I thought you might be interested in comment from risk intelligence firm Flashpoint, based on discussions analysts have observed in recent months. Sanctions introduced against Russia, coupled with…

Asia/Pacific CEOs are now engaged in cybersecurity interactions

April 26, 2022April 29, 2022 CIO Tech Team

There are many infrastructural issues across people and processes. 69 per cent of CEOs are now engaged in cybersecurity interactions either weekly (37.2) or bi-weekly (31.5 per cent), supporting the ongoing importance of cybersecurity to the business. However, complexity, legacy, and ill-defined roles and responsibilities still hamper more effective approaches…

CBA warns of cryptocurrency fake news scam

April 21, 2022April 21, 2022 CIO Tech Team

CBA has reported the scam to the relevant authorities. Commonwealth Bank has become aware of a fake news article circulating on social media, including Facebook, alleging the bank has partnered with a cryptocurrency trading platform to encourage people to invest in crypto assets. This is totally false and untrue. The…

Top 10 Twitter influencers on cybersecurity

April 21, 2022April 21, 2022 CIO Tech Team

There is a noticeable spike in cyberattacks on businesses and government agencies. Despite the impressive growth of the global security industry, there is a noticeable spike in cyberattacks on businesses and government agencies in the recent past. Now the prevailing geopolitical tensions are further threatening to disrupt and undermine industries…