Yahoo Finance: Australia will undertake an economy-wide revamp of its cybersecurity protections including revised data laws, mandatory reporting and a new nationwide cyber council in response to several significant hacks targeting businesses and infrastructure over the past year.
CSO: A cybersecurity self-assessment of 697 Australian organizations revealed 58% have limited or no capability to protect confidential information adequately.
The Guardian: Microsoft says it will invest an additional $5 billion in Australia over the next two years to expand hyperscale cloud computing capacity while collaborating with the Australian Signals Directorate (ASD) to boost domestic protection from cyber threats.
CSO: The Australian federal government has approved amendments to the Protective Security Policy Framework (PSPF) to mandate non-corporate Commonwealth entities to appoint a CISO to be responsible for cyber security leadership in the entity.
US News: Australian Perpetual confirmed an extended tech outage over an IT security incident, affecting some of its funds, though the fund manager reaffirmed that all its client investments and its own systems were unaffected and secure.
XM: Australia's TechnologyOne Ltd TNE.AX said it had detected an unauthorised third-party access to its back-office systems, becoming the latest target in a series of cyber attacks that has bogged companies in the country since last year.
Cointelegraph: The Australian government is being pushed to ban the payment of cyber ransoms, usually demanded in cryptocurrency, following a local business suffering a mass data breach and subsequent ransom demand.
Economic Times: An Australian government-backed service for victims of identity theft blasted a plan to toughen privacy laws amid an explosion of online data theft, saying it would spur compromised companies to pay ransom and invite more hacking.
BNN Bloomberg: Australia’s financial institutions must improve their resilience to cyberattacks, the head of the nation’s banking regulator said.
The Guardian: Latitude Financial has revealed that 14m customer records – including driver’s licence numbers, passport numbers and financial statements – were stolen from its system in a cyber-attack that was far worse than the company initially reported.