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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Western Australian Government continues to improve its cybersecurity posture
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…
Read MoreMultiple vulnerabilities present in F5 products
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.…
Read MoreAustralian code of practice on disinformation and misinformation
Microsoft releases an annual transparency report. At Microsoft, we are committed to instilling trust and security across our products and services, and across the broader web. Fighting disinformation is a key element to creating a trustworthy and safe online environment. Microsoft is a signatory to the voluntary Australian Code of Practice…
Read MoreCoca-Cola Europacific partners Indonesia taps 8×8 CPaaS
The Klik Toko app has seen increasing adoption since being launched. Coca-Cola Europacific Partners or CCEP Indonesia, as one of the leading consumer goods companies in the world, operates eight manufacturing facilities in Indonesia, selling and distributing seven categories of non-alcoholic beverage brands to serve more than 450,000 large and small…
Read MoreUndertaking by Jade E-Services
The Organisation did not have sufficiently robust retention policies. Background The Personal Data Protection Commission (the “Commission”) received a data breach notification on 11 September 2021 from Jade E-Services Singapore Pte. Ltd. (“Organisation”) following an incident where a marketing email was wrongly sent, because of an employee’s lapse. The marketing…
Read MoreANZ security leaders think outdated security approaches are failing
Legacy thinking has security leaders and businesses investing in solutions. Vectra AI, a leader in threat detection and response, today released a new report highlighting how today’s organisations are continuing to fail, tackling complex, modern cyber threats using outdated methods. Vectra’s Security Leaders Research Report found that legacy thinking has security leaders…
Read MoreAdopting an enhanced cyber security posture
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…
Read MoreMAS’ approach to the crypto ecosystem
Ravi Menon, Managing Director, Monetary Authority of Singapore talks about crypto. In the last two years, MAS has granted licences or in-principle approvals to 11 digital payment tokens service providers. They include global stablecoin players like Paxos, crypto exchanges like Coinhako as well as established financial institutions like DBS Vickers.…
Read MoreCrypto firms continue to clash with governments over regulations
Objections to EU proposals to regulate crypto. Anonymity is big within the world of cryptocurrency, from the anonymous crypto wallets to the creative pseudonyms of crypto and NFT creators. It’s a big selling point for consumers who don’t want their transactions to be traced. According to Amrit Dhami, associate analyst…
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