The most prolific malware users are cyber criminals This advisory provides details on the top malware strains observed in 2021. Malware, short for “malicious software,” can compromise a system by performing an unauthorized function or process. Malicious cyber actors often use malware to covertly compromise and then gain access to…
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Zero Trust in the fight against ransomware
This approach to cybersecurity eradicates implicit trust Zero Trust has become a well-recognised framework in the cybersecurity world. SecOps teams are championing this ‘trust no-one’ strategy to support the fight against the escalating risk of cybercrime, and in helping to monitor threat actors across their network. In fact, research from…
Read MoreBanks to Spend an Additional $US31 Billion on AI and fraud prevention
Financial institutions’ country-specific challenges in Asia/Pacific Banks worldwide are expected to spend an additional $US31 billion on AI embedded in existing systems by 2025. Similarly, in a recent IDC survey of banking executives worldwide, fraud management featured strongly as a priority. “In the process of coming up with digital products…
Read MoreHong Kong’s LeaveSafeApp generates security concern
OGCIO declares concerns are false In response to a report conducted by an overseas cyber security company claiming that the “LeaveHomeSafe” mobile app has security flaws, the Office of the Government Chief Information Officer (OGCIO) today (July 28) made the following solemn statement on the inaccurate report and unfair allegation.…
Read MoreLarge Indian enterprises increase security spending priorities in 2022
The security market in India is projected to be valued at $US2.51 billion in 2022 According to a recent report, International Data Corporation reveals that 74 per cent of large* enterprises in India embed IT security in the planning, initiation, and assessments of all new business initiatives. The security market in…
Read MoreWipers and IoT Botnets dominate the threat landscape
The Russia/Ukraine war increased the number of connected devices The latest Operational Technology (OT)/IoT security report from Nozomi Networks Labs finds wiper malware, IoT botnet activity, and the Russia/Ukraine war impacted the threat landscape in the first half of 2022. Since Russia began its invasion of Ukraine in February 2022,…
Read MoreVerizon Mobile security index
Compromised data is trust lost, and those moments, are tough to rebound from The traditional 9-to-5 in-office workday has shifted to an always-on hybrid or remote working world. With the increase in hours, locations and devices comes an increase in vulnerability for companies protecting themselves from cyberattacks. The Verizon Mobile Security…
Read MoreSolutions that foster a scam-resilient society
110 participants have come together to find innovative anti-scam solutions In a collective fight against scams, DBS, the Singapore Courts (SG Courts), and the National Crime Prevention Council (NCPC) are jointly organising a community hackathon that challenges participants to come up with creative solutions that will enable the public and…
Read MoreIMDA and ACMA sign Memorandum of Understanding
For enhanced cooperation to combat scam and spam communications The Infocomm Media Development Authority (IMDA) and Australian Communications and Media Authority (ACMA) have signed an MOU to enhance cooperation between both counties to combat scam and spam. The MOU was signed on 18 July 2022 by the Chief Executive of…
Read MoreMicrosoft partners with AustCyber
This program provides a new pathway to cybersecurity jobs Microsoft has partnered with AustCyber and other leading education and training providers to offer Australians a credible alternative pathway to enter the cybersecurity industry. The Cyber Security Microsoft Traineeship Program (Cyber Security MTP) is designed to help aspiring cybersecurity professionals build…
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