Payment redirection scams cost Australian businesses

Combined losses reported totaled A$128 million in 2020. Payment redirection scams were the most financially damaging scams for Australian businesses in 2020 according to the Australian Competition and Consumer Commission’s (ACCC) latest Targeting Scams report. Combined losses reported to Scamwatch, other government agencies, banks and payment platforms totaled A$128 million…

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Customer privacy and security need to take centre stage

Portable location trackers catch on. The recent buzz around bluetooth-enabled location trackers, largely due to Apple’s Airtags, has placed this technology in the spotlight, notes analyst firm GlobalData. Customers now need to be made aware of what private data these devices can gather and share because the buzz is likely…

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US$2.3M in cryptocurrency paid to the ransomware extortionists Darkside seized

DarkSide had targeted Colonial Pipeline, resulting in critical infrastructure being taken out of operation. The Department of Justice today announced that it has seized 63.7 bitcoins currently valued at approximately US$2.3 million. These funds allegedly represent the proceeds of a May 8, ransom payment to individuals in a group known…

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Scammers stole close to A$34M from minortities and Indigenous Australians

The CALD community represented a 60 per cent increase compared to 2019, across 11,700 reports. In Australia culturally and linguistically diverse community lose $22 million to scams in 2020, reports from Indigenous Australians up by 25 per cent, reports the Australian Competition and Consumer Commission (ACCC). “Last year we saw…

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Australian Federal Police to modernise record keeping

Currently developing a digital transition roadmap. Australian Federal Police have been advised to make a number of changes to the technology they use in a newly released audit by the auditor general of the Australian National Audit office. The Australian Federal Police (AFP) is the national and principal federal law…

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APAC public sector cyber security executive council launched

  The council consists of policy makers and influencers from Brunei, Indonesia, Korea, Malaysia, Philippines, Singapore, and Thailand. A council of policy makers and influencers from Brunei, Indonesia, Korea, Malaysia, Philippines, Singapore, and Thailand, supported by cybersecurity professionals, the council aims to accelerate public-private partnerships in cybersecurity, share threat intelligence…

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Data privacy regime continues to grow

  Data privacy management software need driven by expanding regulatory and data requirements The data privacy management software market saw soaring growth in 2020 with worldwide revenues up 46.1 per cent year over year. International Data Corporation (IDC) expects this growth to continue over the next several years, driven by…

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Fujifilm becomes the latest ransomeware victim.

  Cyber attackers bring down Japanese photography and peripherals company. Fujifilm Corporation is currently carrying out an investigation into possible unauthorised access to its server from outside of the company. As part of this investigation, the network was partially shut down and disconnected from external correspondence. “We want to state…

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What do Australian CEOs want from the company’s tech strategy?

  Cyber threats tops CEO concerns, followed by prioritising digital transformation over the next three years. As technology pervades every part of an organisations CEOs are more aware of the growing needs of the technology issues that govern their business, with a growing number of Australian CEOs fearing cyber threats…

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