Fraud prevention needed for crypto and central bank digital currencies

Cryptocurrency hacks are a threat to both the blockchain sector Following the news that Indexed Finance is still trying to recover the $US16 million it lost as part of an elaborate flash loan hack back in October 2021. Chris Dinga, Payments Analyst at GlobalData, a leading data and analytics company,…

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Security is a top IT challenge

Many organizations are planning for hybrid work to continue to stay. Security has become a major priority for IT leaders. Employees’ access to insecure devices, networks, and data resources poses significant challenges to organizations implementing a hybrid work model. “Leaders should not think hybrid work means a sacrifice for security.…

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21 per cent of HTML attachments found to be malicious

HTML attachments are not scanned by anti-spam nor anti-virus solutions. Businesses in Asia-Pacific could find themselves vulnerable to attack via HTML attachment, with 21 per cent of all HTML attachments analysed found to be malicious – according to Barracuda, a trusted partner and leading provider of cloud-first security solutions. Having…

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Growth in cyber attacks boosts global demand for endpoint security

Rise in the volume of cyber threats is contributing to endpoint security needs. The changing landscape and significant surge in cyber threats have contributed to the high demand for endpoint security solutions globally, finds Frost & Sullivan’s recent analysis. Endpoint security is the practice of using host-based software products to…

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State Library of Victoria ditches Oracle

The Library has shifted the support and maintenance contract to Rimini Street. The State Library of Victoria (“Library”), Australia’s oldest library, has entrusted the support and maintenance of its Oracle E-Business software to Rimini Street. Rimini Street is also providing the Library with its Advanced Database Security (ADS) and Advanced…

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Security feature reduces fraud for digital cards by 80%

Westpac’s digital security measures for customers. New data released today by Westpac shows customers using a unique digital card feature in its mobile banking app have experienced a significant reduction in card fraud when shopping online. The dynamic Card Verification Code (CVC) feature was introduced in the Westpac app in…

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180,000 bugs in every fully autonomous vehicle

Open door to cyber criminals. Many autonomous vehicles are not fully protected against cyberattacks, with GlobalData, a leading data and analytics company, estimating that there may be up to 180,000 bugs in the code operating a level 5 autonomous vehicle*— potentially leaving hackers with 15,000 security vulnerabilities to choose from.…

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Australians and Indians more likely to fall victim to cyber scams

Microsoft receives about 6,500 complaints globally from people. Microsoft released findings of its 2021 Global Tech Support Scam Research report that looks at tech support scams and their impact on consumers. The new findings reveal Australians are among those most likely to fall victim to tech support fraud, second only to India…

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Top eight cybersecurity predictions for 2022-23

The term zero trust is now prevalent in security vendor marketing. Executive performance evaluations will be increasingly linked to ability to manage cyber risk; almost one-third of nations will regulate ransomware response within the next three years; and security platform consolidation will help organizations thrive in hostile environments, according to…

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Joint exercise to strengthen cross-border cyber crisis

The joint exercise tested the effectiveness of cyber crisis coordination and response. The Monetary Authority of Singapore (MAS), the Banque de France (BdF) and the Autorité de contrôle prudentiel et de résolution (ACPR) yesterday carried out a joint crisis management exercise focused on cybersecurity threats. The exercise follows from the…

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