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...
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...
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...
Data breaches occur almost every day, exposing the credit card numbers, social security numbers, mobile numbers, email addresses, passwords, and other sensitive data of thousands of people. Unsurprisingly, the figures from the Australian Information Commissioner’s (OAIC) latest quarterly statistics report...
The healthcare industry was hit by challenges to information security in 2018, with phishing emails, and weaponized ransomware, dominating the year. In the first half of 2019, these threats are found to continue, and cyber criminals got more productive, despite...
Healthcare data breaches happen now with an ever hefty price tag — an average mitigation cost of $6.45 million! According to a recent study on the data breach costs, organizations in the Healthcare domain were found to experience the costliest...
According to studies, almost 90% of Australian companies report that they receive around 5,000 cyber menaces a day. Australia’s banks and insurers have always been the most attractive targets for cybercriminals. As this is the case, the Australian Prudential Regulation...