China behind most cyber attacks, states report

Financial industry has become a key target. COVID-19 has become a panacea for cybercriminals, with 53 per cent of Incident Response (IR) professionals reporting an increase in cyberattacks exploiting COVID-19, according to VMware Carbon Black’s latest Global Incident Response Threat Report. China are behind most attacks, and the financial industry…

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Australian Government releases 60 cyber security recommendations

The Australian Government has released its Panel’s 2020 Cyber Security Strategy The Australian Federal Government’s Industry Advisory Panel (IAP) has delivered 60 recommendations to bolster Australia’s critical cyber defences. This was an important time for Australia to strengthen its cyber defences, said Andrew Penn chair at IAP. “The Panel’s recommendations…

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CIOs need to create teams of cybersecurity experts

Cyber criminals ramp up their activities during COVID-19. Recent global incidents around the world has shown COVID-19 hasn’t stopped cybercriminals. The pandemic has made them bolder and they’ve stepped up their activities – be it attacks on corporations, governments, SMEs and home offices. The cyber threat landscape is one that…

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Closing cybersecurity skills gap key to fighting online criminals in APAC

COVID-19 amplifies ongoing and new security concerns in the region. Existing trends in cybercrime and the need for businesses to adopt emerging technologies to drive transformation have been fast-tracked by the COVID-19 pandemic, making it vital to fill skills shortages with industry-partnered digital education delivery. Two of the largest emerging…

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Modern banking makes the sector vulnerable to attacks

No sector was more regularly targeted than the financial sector The financial sector has seen a “staggering 238 per cent increase” in cyber attacks and ransomware attacks have increased nine-fold since the beginning of February to the end of April 2020. This is according to VMware Carbon Black’s third annual…

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Sophos: Companies pay average of US$1.4M in ransom to cyber criminals

Paying ransomware doubles the cost of dealing with a ransomware attack, without paying It costs global organisations US$1.4 million, when they pay ransom to cyber criminals, nearly twice as much addressing the impact of a ransomware attack that isn’t paid, according to Sophos’ recently released The State of Ransomware 2020…

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