Malicious or criminal attacks were the largest source of data breaches in Australia in the three months to the end of June this year, accounting for 62% of all data breaches, according to a new report from the Office of the Australian Information Commissioner (OAIC).

Wednesday, 28 August 2019 11:43

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Small to medium businesses around the world continue to cite budget constraints and a lack of time and personnel to research new security threats, as the main obstacles facing the implementation of their IT security roadmap, according to a new report.

The financial impact of ransomware rose by 60% in 2018, losses from business email compromise (BEC) doubled, cryptojacking incidents - the unauthorised use of others’ computing resources to conduct cryptomining - more than tripled, and there continued to be a steady stream of high-profile data breaches, according to a report from the Internet Society’s Online Trust Alliance.

Business losses to cybercrime data breaches will rise from US$3 trillion each year to over US$5 trillion in 2024, an average annual growth of 11%, according to a new global cybersecurity report.

Employers have been warned that staff using their own laptops or tablets to transfer and store confidential business information could potentially compromise their business.

Chinese telecommunications giant Huawei says Australia risks facing serious issues with the deployment of 5G and future 6G technology unless new policies are introduced to address cyber security concerns.

Machine identity protection provider Venafi has found that a survey of government-mandated encryption backdoors show that 80% of the respondents say countries with government-mandated encryption backdoors are more vulnerable to cyberattacks targeting election infrastructure.

Security firm Proofpoint says that retailer Kmart’s recent warning of a new attack by a sophisticated SMS scam means that it is important for Australians to remain vigilant and aware of these types of attacks.

Telecommunications and data centre provider Macquarie Telecom is set to deploy mobility solutions for Apple devices to mid-market enterprises in the Australian market.

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