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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We don’t want to keep bringing up what happened last year to Optus, Medibank, or Telstra, but the cyber threat in Australia is real. According to IBM Global managing director Charles Henderson, Australia and the rest of Asia are being increasingly targeted for cyberattacks, and the average cost of each cyber breach in Australia, reached
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This is a spotlight moment for cybersecurity companies. Hackers are giving it their all and companies’ current cybersecurity systems are failing to put up a fight. So, if your cybersecurity company is still not doing well, there are things to reevaluate. That is exactly what cybersecurity company archTIS (ASX: AR9) is doing, following its reports
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Learning from ransomware attacks that befell giant corporations Optus and Medibank in recent months, Australian enterprises have been increasingly vigilant about their cybersecurity as no one wants to make headlines as the next victim. This brings good business to managed services and IT solutions company Cirrus Networks (ASX: CNW). The Company proudly announced that it
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