Medibank’s travails after being hit by cybercriminals do not seem to be ending. APRA, The Australian Prudential Regulation Authority, has asked the insurer to hold another $250 million in capital as security. This is a punishment meted out to Medibank...
The spectre of cybercrime is spreading fast and has engulfed scores of businesses across industries and geography. The statistics are worrisome. In 2023 alone, about 33 billion accounts are expected to be breached. It means 97 cybercrime victims per hour...
The Australian health insurance giant Medibank is in trouble again. It is caught up in a class action suit filed by Phi Finney McDonald, a law firm. This comes on the heels of a $250 million fine imposed by the...
Scores of Australian companies/entities have fallen victim to the machinations of cyber criminals in recent years. The rates of data breaches have risen phenomenally, and every stakeholder, notably the consumer, has become wary of the existing cybersecurity measures taken by...
HWL Ebsworth, a law firm in Australia, seems to have been hacked by Russian hackers. The incident has sent the Albanese government into a tizzy, prompting the opening of a crisis group in response. Dubbed a major hack in Australia...
FIIG Securities, the Australian bond broker with $5 billion under advice and 6,000 Australian investors, has become the latest victim of the notorious Russian ransomware gang. This incident brought to the fore the role of IT security consulting in preventing...
Espionage in the digital age has taken on a new dimension altogether. Countries are using advanced spying tools to snoop on their adversaries. The snooping is not only on government-controlled entities but on other industries as well. These include services,...
Cybercrime has spread like wildfire across the entire global digital landscape. The sophistication and skullduggery used by cybercriminals to break into IT systems and cause data breaches are astounding. Although no country is immune from this threat, irrespective of their...
In an era when everything is supposedly connected digitally, can threat actors in the form of cybercriminals be far away? Remember, no digital device is useless for hackers, as they can pry it open to unearth data. Similar is the...
According to CYE’s first cybersecurity maturity report, the healthcare sector can be put at the bottom of the cybersecurity ladder. Also, notwithstanding the fact that the healthcare sector handles highly sensitive patient data, it still lacks when it comes to...