Latitude Financial hit by cyber incident

A month after the financial company closed its BNPL services in Australia Financial announced on 16 March 2023 that it had detected unusual activity on its systems which it can now confirm as a sophisticated, well-organised and malicious cyber-attack which remains active. The company recognised distress to customers caused by…

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Cybercriminals introduce three novel phishing tactics

Hackers are using Google Translate web links to mask malicious URLs Barracuda, a trusted partner, and leading provider of cloud-enabled security solutions, has uncovered three new phishing tactics cybercriminals are using to trick users, bypass security measures and avoid detection, according to its most recent Threat Spotlight. Analysing data from…

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US cybersecurity strategy will take toll on critical infrastructure budget

We look forward to working with our U.S. critical infrastructure partners CEO for cybersecurity company, Nozomi Networks, says the Strategy’s requirements for critical infrastructure to increase cybersecurity posture will be met with ‘varying responses from CEOs and boards alike’, and ‘the ability for these entities to identify the budget and…

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Nearly half of cybersecurity leaders will change careers

Burnout and voluntary attrition are outcomes of poor organizational culture By 2025, nearly half of cybersecurity leaders will change jobs, 25 per cent for different roles entirely due to multiple work-related stressors, according to Gartner, Inc. “Cybersecurity professionals are facing unsustainable levels of stress,” said Deepti Gopal, Director Analyst, Gartner. “CISOs are on…

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Modica breaches SMS scam reduction rules

This is a widely used trick used by scammers to gain consumer trust SMS-focused telco Modica has become the first company breached under new anti-SMS scam rules registered by the Australian Communications and Media Authority (ACMA) in mid-2022. An ACMA investigation found Modica allowed customers to send SMS using text-based sender IDs…

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Digital solutions for working with children checks

Customers can now complete their Working with Children Check renewal online Minister for Customer Service and Digital Government Victor Dominello said enabling people the option to securely prove who they are online anywhere, anytime will save customer’s valuable time. “There are more than 1.8 million customers in NSW who currently…

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Sydney man sentenced over data breach SMS scam

AFP acted quickly on the allegations to protect Australians from identity fraud A Sydney man has been sentenced to an 18-month Community Correction Order, 100 hours of community service and conviction recorded by the Sydney Downing Centre District Court today (7 February 2023) for attempting to blackmail Optus customers whose…

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FBI confirms Lazarus group cyber actors for theft

North Korean cyber actors used RAILGUN, to launder over $US60 million worth of ethereum The FBI continues to combat malicious cyber activity, including the threat posed by the Democratic People’s Republic of Korea (DPRK) to the U.S. and our private sector partners. Through our investigation, we were able to confirm…

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WEF establishes a cyber resilience in oil and gas initiative

At Davos 2023, 20 global CEOs committed to working together to improve cyber resilience across the ecosystem. The impact. The oil and gas industry uses a range of complex systems and interconnected technologies to extract, transport and refine oil and gas products. While these technologies are necessary to support the delivery…

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