Ransomware persisted despite improved detection

Manufacturing found to be the most extorted industry IBM Security today released its annual X-Force Threat Intelligence Index finding that although ransomware’s share of incidents declined only slightly (4 percentage points) from 2021 to 2022, defenders were more successful detecting and preventing ransomware. Despite this, attackers continued to innovate with the report…

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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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The adoption of sensor technologies

Sensor technology providers must work with security software solution providers Real-time monitoring and the ease of data retrieval for advanced physical and digital security drive the need for security sensors. According to Frost & Sullivan’s recent analysis, Sensor Technologies Impacting the Physical and Digital Security Market, by 2025, there will be a…

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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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India security and risk management spending

Security services to remain a key spending priority End-user spending on security and risk management in India is forecast to total $US2.65 billion in 2023, an increase of 8.3 per cent from 2022, according to Gartner, Inc. “The increase in adoption of digitalization, cloud applications and the rise in remote workers exposes…

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Email-borne attacks could cost businesses $US1 million

Email-borne attacks have flooded news headlines in APAC The cost of email-borne security attacks is increasing with those affected facing average damages of $US1m according to Barracuda Networks, Inc., a trusted partner, and leading provider of cloud-first security solutions. Revealing findings of its 2023 Email Security Trends report, which surveyed hundreds of frontline…

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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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Top predictions for security and trust

Digital trust is becoming an underlying theme of all digital engagements IDC predicts that by 2025, 45 per cent of CEOs, fatigued by security spending without predictable ROI, will demand security metrics and results measurement to assess and validate investments made in their Security programs. The move towards the digital-first…

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FBI brings down Hive Network

Thwarting over $US130 million in ransom demands The Justice Department announced today its months-long disruption campaign against the Hive ransomware group that has targeted more than 1,500 victims in over 80 countries around the world, including hospitals, school districts, financial firms, and critical infrastructure. Since late July 2022, the FBI…

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