“Ooops, your files are encrypted! Don’t worry - you can restore them; all you need to do is send $500 to the following address....” The words that have been striking the fear in average computer users since the 1980s! Yes,...
From all our past articles, it is understandable that cyberattacks are taking a heavy toll on businesses. But there is one particular threat that is more often associated with notable financial losses, even business bankruptcy, than any other form of...
Malware possesses the habit of making returns…rising from the dead, making even a horror villain blush! The most recent in that series is FTCODE – the long lost ransomware deemed dead in 2013, and regained its life in 2019; this...
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...
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....
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...
It was August 19, 2019. Landis Adams - the Economic Development Director of Keene, Texas, and other city employees showed up as usual at 8 AM. They turned on their computers and noticed a mess of text. Quickly, they figured...
AUGUST has been a smooth month for data breaches, with a rounded sum of 114 million breached records. That is nearly 10 per cent of the monthly average. But that number comes from about 95 incidents, which is the highest...
Cybercriminals have rattled the European Central Bank (ECB) by breaching one of its websites, for the second time in the last five years. This time, the hack targeted ECB’s BIRD (Banks’ Integrated Reporting Dictionary) website, which grants banks an explicit...