The Australian cybersecurity landscape is currently at its state of volatility. The increase in ransomware as a service to the nation’s largest corporations, a growing number of compromised business emails, unaddressed vulnerabilities, and security backdoor possibly due to transition to work from home setting makes businesses of all sizes and industries prone to substantial risks.
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On October 11, 2022, health insurance provider Medibank (ASX: MPL) noticed a security breach in its system. A criminal was able to access Medibank’s systems by using a stolen username and password from a third-party IT service provider. They were able to obtain more credentials and access multiple systems. This was possible due to a
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According to The Australian Institute of Family Studies, 97% of households with children aged under 15 years have access to the internet, with an average of seven devices per household. While the internet offers endless opportunities for kids to learn, explore, connect, and be exposed to the technologies that will be useful in later life,
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Following the Medibank and Optus breaches, the latest Aussie victim of a cyberattack is Latitude Financial, a consumer lender with clients like JB HiFi. In March, the Company witnessed an attack that compromised the data—driver’s license numbers, passport numbers, financial statements and personal details—of 14 million customers. Plus, like Medibank, it has refused to pay
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The avalanche of cyber attacks has been a trending topic in Australia in the past year, making businesses increasingly vigilant.Not even giant corporations like Optus and Medibank, have immune to it. Unfortunately it happened again, with financial services provider Latitude Financial (ASX: LFS) making it into the headline this time. The Company has detected unusual
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Although exchanges are more akin to the sharemarket and cryptocurrency, the application of cybersecurity as an asset is being backed by the US Government which has extended its contract with exchange operator WhiteHawk (ASX: WHK). The deal is an Option that has been exercised by the US Federal Government following on from an earlier deal
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