Secretary for Innovation and Technology Xue Yongheng talks about the rise of cyber security incidents in the country during the pandemic. In the past year or so, the COVID-19 disease has ravaged the world and changes the business model of enterprises and the living habits of citizens; remote business, working…
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Allianz: COVID, cyber security, compliance and ESG top concerns for the finance sector
Facing a period of heightened risk. Financial institutions and their directors have to navigate a rapidly changing world, marked by new and emerging risks driven by cyber exposures based on the sector’s reliance on technology, a growing burden of compliance, and the turbulence of Covid-19, according to the newly released…
Read MoreNew Zealand’s Reserve Bank takes responsibility for security shortfalls
Noted it was over reliant on Accellion. The Reserve Bank of New Zealand – Te Pūtea Matua – has released the findings of independent reports on an illegal data breach and its handling of sensitive information. The Bank accepts the findings and has, and will continue to, implement the recommendations,…
Read MoreJBS meat processing giant shut down by cyber attack
Global company faces attack in Australia, US and Canada. Media outlets around the world have reported one of the world’s largest meat works was hit over the weekend by an organised cyber-attack on its information systems. According to a statement released by the company JBS USA determined that it was…
Read MoreRansomware at Waikato hospitals brings chaos
Ongoing criminal investigation. Major regional hospital in Hamilton New Zealand, Waikato District Health Board experienced a full outage of its information technology systems on the 18th of May 2021. A Coordinated Incident Management System has been established to resolve the situation as soon as possible. We are currently investigating the…
Read MoreData protection guidance in the digital economy
The pandemic boosts digital economy but data protection must take priority for businesses. The Personal Data Protection Commission (PDPC) Singapore wants to help businesses use data responsibly to grow businesses, compete well, and to develop new products and services. The PDPC was amended to do just that. As of February…
Read MorePhishing attacks rise against financial institutions
Criminals have dedicated a good deal of energy and resources toward advancing the phishing economy. In May 2020, there were two dates that stood out when it comes to global cybersecurity issues. On May 9, credential abuse hit a peak of 786,882,475 attacks globally. Five days later, on May 14,…
Read MoreSecurity team analysts feeling the stress
Poor tooling is taking its toll on security analysts. Over recent years, security and business leaders have had to modify their expectations of what effective cybersecurity can achieve. Long gone are the days when all resources were poured into protecting the corporate network perimeter. Thanks to widespread adoption of cloud…
Read MoreAir India clarifies data breach offences from early 2021
Breach goes back to February 2021. Air India has confirmed its SITA PSS, the data processor of the passenger service system (which is responsible for storing and processing of personal information of the passengers) had recently been subjected to a cybersecurity attack leading to personal data leak of certain passengers.…
Read MoreNPC is set to impose administrative fines
Building maximum data privacy resilience by encouraging full accountability, compliance, and ethics. National Privacy Commission of Phillipines is set to impose administrative fines on data privacy violations of personal information controllers or processors from the private sector. A separate initiative for government agencies is also underway with the NPC holding…
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