Data compromises have almost doubled over the past few years as the world goes more digital. The Monetary Authority of Singapore (MAS) has imposed an additional capital requirement, of approximately S$330 million, on OCBC Bank (OCBC), given deficiencies in the bank’s response to a wave of spoofed SMS phishing scams…
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Designing malware customised for manufacturing infrastructure. “Industrial Control Systems and the manufacturing sector are at the epicentre of a cyber insurgency. Dealing with the disruptions of labour shortages, manufacturers have implemented automation technologies and artificial intelligence to help bring more agility. But while the industrial Internet of Things (IIoT) brings…
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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…
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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…
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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…
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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…
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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.…
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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…
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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…
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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…
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