Australia’s second-largest bank, WESTPAC, has overtaken the largest COMMONWEALTH BANK… If you think it’s in terms of assets, profits, or market capitalization, you are wrong; it’s in terms of the heftiest fine it is forced to pay!! Westpac is accused...
So, we’re back with the final part of the article! When looking at the information security breach statistics we have amassed all point to the finance sector in PART 1 and PART 2 of this feature, we could see that...
“Cyberattacks haven’t changed, but it has ramped up the pace it evolves and the outcomes.” – This is what we have precisely learned from PART 1 of this article. As such crimes are ever on its rise, recent cybersecurity attack...
Cyberattacks have never been as prevalent as they were in 2019 - top news headlines of the year confirm these findings as most of the big names like Equifax, Facebook, and Yahoo, are found in the crosshairs of such attacks. ...
Bank robbers don’t need balaclavas and shotguns anymore; they just need computers and stable networks! This is what the revelations of 36 significant data breach notifications from the boards of financial services firms in just four months give substance to....
Just made your decision on starting an online business? Then, you need to find the best payment methods too! Online purchases continue to progress drastically in number, so does the volume of credit card data stolen every year. At the...
The expanding loopholes in cyber defenses put sensitive data at risk, exhilarating the degree of damage due to malicious cyberattacks. A recent study states that almost 230,000 malware samples are produced by hackers every day; this number will continue to...
Since years, cyberattacks have been targeting a specific industry – HEALTHCARE! As pointed out in our OAIC’s Quarterly Breach Statistics Report, healthcare experienced a dramatically higher number of cyber incidents with about 47 (19 percent) notifiable data breaches within the...
It seems like there is a steady stream of news regarding data breaches and cyber-attacks in Australia. While most of these infringements impact smaller businesses, occasionally there are “major” security issues that affect big organizations and a large number of...
The Australian Tax Office (ATO) had fallen victim to a nasty impersonation scam that targeted cybersecurity vulnerabilities through myGov website and a 2017 federal government First Home Super Saver Scheme. The issue began when Mr. Trevor Riessen — a Darwin...