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EurekAlert!: A new study of almost 12,000 Australians has found one-third of the adult population has experienced pure cybercrime during their lifetime, with 14% reporting this disruption to network systems in the past 12 months.
The Sydney Morning Herald: Some of the world’s largest technology companies have told Parliament a proposed bill to allow Australia’s cyber security agencies to install software on their networks risked making the problem of digital attacks worse.
ZDNet: The federal opposition has introduced a Bill to Parliament that, if passed, would require organisations to inform the Australian Cyber Security Centre (ACSC) before a payment is made to a criminal organisation in response to a ransomware attack.
ASIC: ASIC is urging Australians to be wary of scammers using the COVID-19 pandemic to target small businesses. Scammers often target small business owners as they recognise that they are busy and may have limited resources to keep systems safe. Common scams aimed at small businesses are outlined below.
IT News: The centre, which launches this month, will be led by Elrich Engel. Engel is currently AMP’s group head of cyber security and digital protection at AMP and acting director of architecture for cyber security and data.
Financial Standard: The asset manager said scammers are buying advertisements on search engines for terms relating to "bond or high yield investments". When a person clicks on the ad link, they are taken to a fake investment comparison website with a name like "Investment Compare".
CNN Business: Australian broadcaster 9 News suffered a cyberattack that forced a number of live shows off air on Sunday, as the country's federal parliament also reported an attack on its computer network.
Insurance Business: Boards and managers will soon be held responsible for protecting their organisations, shareholders, and customers from cyber risks as cyber attackers continue to take advantage of the work-from-home environment – potentially increasing directors and officers (D&O) liability insurance premiums.
Reuters: Australia’s securities regulator said on Monday there was a cyber security breach at a server it used to transfer files including credit licence applications where some information may have been viewed.
Bank Info Security: In an alert, the agency notes hackers posing as ACSC employees are sending emails requesting that recipients download antivirus software. When the victim clicks on a link, malicious code that can steal banking credentials is downloaded onto the compromised device.
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