Global VM market sees strong growth due to rise in cyber threats

Enterprises are becoming more vulnerable to cyber-attacks as they embrace digital transformation initiatives.  Enterprises are becoming more vulnerable to cyber-attacks due to an expanded attack surface resulting from multiple touchpoints through an open network and easy accessibility to databases and applications. The buoyant global vulnerability management (VM) market is expected…

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Malicious cyber actors are actively targeting Australians

Key cyber threats affecting Australia and provides vital advice on to protect businesses online. The Australian Cyber Security Centre (ACSC) has released its  Annual Cyber Threat Report 2020–21, highlighting the key cyber threats affecting Australian systems and networks, and uses strategic assessments, statistics, trends analysis, and case studies to describe…

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Bank customers in Singapore hit by fraud

Banking and telecommunication systems not compromised. The Infocomm Media Development Authority (IMDA), Monetary Authority of Singapore (MAS), and Singapore Police Force (SPF) said that malicious actors overseas had diverted and used SMS one-time passwords (OTPs) to perform fraudulent credit card transactions affecting 75 bank customers in Singapore. These transactions, amounting…

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Hackers sharing computer vision tools to supercharge capabilities

Increasing cybercrime sophistication and a boom in monetization and hacking tools. There has been a significant increase in the frequency and sophistication of cybercrime activity, including a 65 per cent rise in the use of hacking tools downloaded from underground forums and filesharing websites from H2 2020 to H1 2021.…

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Spending on security solutions expected to grow in APAC

Accelerated digitalisation, cloud migration, security transformation, and cyber-attacks driving the spend. Investment in security-related products and services to grow at a robust rate of 14.1 per cent (CAGR) over the forecast period (2020-25) and reach USD 39 billion by 2025. According to the latest (IDC) Worldwide Semiannual Security Spending Guide,…

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Automated attacks skyrocket with bad bots making up 40 per cent of all traffic

Most traffic originates from public data centres. Automated bot traffic has significantly increased over the past few years with bad bots accounting for a huge 40 per cent of all traffic, according to a new report from Barracuda, a trusted partner and leading provider of cloud-enabled security solutions. The new report, Bot attacks: Top Threats…

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Singapore and US collaborate on cyber security

Prime Minister Lee Hsien Loong hosted Vice President of the United States of America (US) Kamala D. Harris During US VP Kamala Harris’ with Singapore’s PM, both countries affirmed the longstanding and multi-faceted partnership between Singapore and the US. They also welcomed the announcement of new  areas of cooperation as…

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Non-C-Suite employees are attractive targets for attackers

An average organisation is targeted by over 700 social engineering attacks each year. When it came to business email compromise attacks (BEC), a whopping 77 per cent of attacks target professionals outside of finance and executive roles, including personnel working in roles like sales (19 per cent), project management (10…

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Cyber attackers will have weaponised operational technology environments 

Organisations can reduce risk by implementing a security control framework By 2025, cyber attackers will have weaponized operational technology (OT) environments to successfully harm or kill humans, according to Gartner, Inc. Attacks on OT – hardware and software that monitors or controls equipment, assets and processes – have become more common. They…

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