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The Sydney Morning Herald: Speaker of the House of Representatives Tony Smith condemned Mr Pyne's comments about the hack on Parliament's computer network in January 2019, saying any suggestion the public had been kept in the dark about the extent of the hack was "false".
The Sydney morning Herald: A 31-year-old man has been charged over an $11 million cyber fraud in which he allegedly obtained the financial profiles and identities of more than 80 people to create fraudulent bank accounts and steal from their savings and superannuation accounts.
Institutional Investors: Investment firms that get hacked, hike fees, or switch portfolio managers can expect to land in the hot seat with their institutional clients.
City A.M.: Callsign, which uses AI to verify the identity of users, is signing off on a deal with JP Morgan Asset Management, which manages $2 trillion (£1.5 trillion) for global clients, Sky News reported.
Reuters: Israeli venture capital firm Jerusalem Venture Partners (JVP) opened a cybersecurity center in New York City to help launch new companies, and said it was looking to build a similar hub in Europe.
Financial Post: Avast allegedly collected data on what many of its users did online and sent it to Jumpshot, which then offered to sell the information to clients, media reports said. Avast denied the allegations and began a review.
The target: SpiceJet, one of India’s largest privately owned airlines.
The take: Private information of more than 1.2 million passengers including: Full names, phone number, email address, date of birth and a month’s worth of flight information.
The attack vector: SpiceJet’s IT systems were cracked through a brute-force attack of an extremely weak password. Once the system was penetrated, an unencrypted database backup file was discovered containing the millions of readable records.
This breach highlights the importance of secure password practices which should be applied at all levels across a firm. In addition, wherever personally identifiable information is concerned, extra care is advised as their compromise can enable highly effective phishing campaigns and identity theft.
CBR: The UK’s cybersecurity sector is now estimated to be worth more than £8.3 billion, a significant rise of 46 percent from £5.7 billion in 2017, but a skills gap could be a major disrupter in the coming years.
Cision: ForgePoint Capital announced the promotion of Manoj "MJ" Ramachandran to Vice President and that Shane Shook, an expert in the field of cyber forensics, and former Cyxtera Technologies CIO Leoncio "Leo" Casusol have joined the firm as venture consultants.
ZDNet: Professional services firm PwC surveyed over 1,600 CEOs from around the world and found that cyberattacks have become the most feared threat for large organisations – and that many have taken actions around their personal use of technology to help protect against hackers.
