Australian service provider passes 200 government cleared security staff

Security accreditations governed by the Department of Defence. Macquarie Telecom Group stated it has surpassed 200 government-cleared security staff, with plans to continue to grow that number, as it continues to invest in local skills and capability to protect Australia’s sensitive government and citizen data. Surpassing 200 security-cleared staff is…

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Bank customers in Singapore hit by fraud

Banking and telecommunication systems not compromised. The Infocomm Media Development Authority (IMDA), Monetary Authority of Singapore (MAS), and Singapore Police Force (SPF) said that malicious actors overseas had diverted and used SMS one-time passwords (OTPs) to perform fraudulent credit card transactions affecting 75 bank customers in Singapore. These transactions, amounting…

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Hackers sharing computer vision tools to supercharge capabilities

Increasing cybercrime sophistication and a boom in monetization and hacking tools. There has been a significant increase in the frequency and sophistication of cybercrime activity, including a 65 per cent rise in the use of hacking tools downloaded from underground forums and filesharing websites from H2 2020 to H1 2021.…

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Remote work spur APAC network security

Expected to maintain its strong growth momentum. Frost & Sullivan’s recent analysis of the Asia-Pacific (APAC) network security (NWS) market finds that the increasing acceptance of remote work and adoption of cloud, the remote workplace, collaboration, and security are driving growth. The emergency adoption of remote work due to the pandemic has led…

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New Zealand touts cyber security as everyone’s problem

Recent milder DDoS cyber compared to 2020. A recent cyberattack – which  affected ANZ, Kiwibank, NZ Post, and possibly MetService – were distributed denial of service (DDoS) attacks. Such attacks were unsophisticated and the effect appears limited, according to a number of media sources. These attacks were milder compared to…

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APAC businesses blame cyber attacks on unknown assets

Complex challenges faced in securing networks and systems for remote workers in the post-pandemic era. A new poll by MIT Technology Review Insights, in association with Palo Alto Networks, uncovers the complex challenges Asia-Pacific companies face in securing networks and systems for remote workers in the post-pandemic era.  In this new cybersecurity landscape, conducting…

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Spending on security solutions expected to grow in APAC

Accelerated digitalisation, cloud migration, security transformation, and cyber-attacks driving the spend. Investment in security-related products and services to grow at a robust rate of 14.1 per cent (CAGR) over the forecast period (2020-25) and reach USD 39 billion by 2025. According to the latest (IDC) Worldwide Semiannual Security Spending Guide,…

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Testing the resilience of critical government systems

New vulnerability rewards programme by the Singapore Government. The Government Technology Agency (GovTech) has launched a new Vulnerability Rewards Programme (VRP) to augment the existing Government Bug Bounty Programme (GBBP) and Vulnerability Disclosure Programme (VDP). Together, the three crowdsourced vulnerability discovery programmes supplement GovTech’s suite of cybersecurity capabilities to safeguard…

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Automated attacks skyrocket with bad bots making up 40 per cent of all traffic

Most traffic originates from public data centres. Automated bot traffic has significantly increased over the past few years with bad bots accounting for a huge 40 per cent of all traffic, according to a new report from Barracuda, a trusted partner and leading provider of cloud-enabled security solutions. The new report, Bot attacks: Top Threats…

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