Displaying items by tag: Data security

MicroFocus business unit CyberRes has announced the integration of Voltage SecureData with the AWS security and privacy service Amazon Macie.

GUEST OPINION by Jim Cook, ANZ Regional Director at Attivo Networks: When the global SolarWinds cyberattack came to light earlier this year, it sparked grave concerns across private and public-sector organisations. If attackers could use software from a trusted vendor to breach defences, how could security ever be guaranteed again?

Community legal centre Financial Rights Legal Centre has called on the Australian Government to respect the rights of joint bank account holders to control their own data.

GUEST OPINION by Peter O’Connor, Vice President Asia Pacific, Snowflake: With an increasing proportion of daily activity shifting into the digital realm, Australian businesses are finding themselves awash with data.

GUEST RESEARCH:  Varonis, a global pioneer in data security, has just released its 2021 Financial Services Data Risk Report, which delves into the state of data security in the banking, insurance, and investment sectors.

Financial services remains one of the most targeted industries by malicious attacks, partly due to the sensitive data it collects from customers, with the average cost of a data breach among the highest of any industry at 5.85 million USD. Despite the need to protect this sensitive data, on average, every employee has access to nearly 11 million files.

The abrupt transition to remote work has exponentially increased this risk, with employees logging in through unsecured networks and home computers. Furthermore, it has potentially increased the response time to a data breach.

Some of the key findings include:

• A financial services employee has access to nearly 11 million files. For larger companies, the number doubles to 20 million files.
• 20% of all folders are open to every employee.
• 39% of companies have over 10,000 stale — but enabled — user accounts.
• Nearly two-thirds of companies have 1,000+ sensitive files open to every employee.
• About 60% of companies have 500+ passwords that never expire.

The full Varonis report can be accessed here.

Australian online book retailer Booktopia has deployed Zebra’s TC8000 touch mobile computers in a move designed to increase the productivity and accuracy of its warehouse operations.

GUEST OPINION by Ranjith Raj Gnanapragasam, Product Manager, ManageEngine: With the volume of business data growing at an exponential rate, new approaches are urgently required to ensure it does not evolve from a strategic asset into an overwhelming problem.

Email and data security vendor Mimecast has acquired messaging security provider eTorch which operates as MessageControl for an undisclosed sum.

Results from the BDO and AusCERT Cyber Security Survey 2019 are in and with three years of data to draw upon, here are some of the key insights about the changing cyber security landscape.

Results from the BDO and AusCERT Cyber Security Survey 2019 are in and with three years of data to draw upon, here are some of the key insights about the changing cyber security landscape.

VENDOR CONTRIBUTION by AusCERT: The last decade has seen a phenomenal rise in all forms of cyber related activity. 

VENDOR CONTRIBUTION: The last decade has seen a phenomenal rise in all forms of cyber related activity. 

GUEST CONTRIBUTION: Australia’s pioneer cyber emergency response team, AusCERT, recently took the lead role in coordinating the annual drill for the Asia Pacific Computer Emergency Response Team.

GUEST CONTRIBUTION: Australia’s pioneer cyber emergency response team, AusCERT, recently took the lead role in coordinating the annual drill for the Asia Pacific Computer Emergency Response Team.

Global email and data security company Mimecast has acquired digital threat protection vendor Segasec.

Cyber security provider Wontok has appointed former Atlassian manager and industry veteran Bruce Carney as its head of product.

Over half (56%) of Australian office workers have had their data compromised as part of a breach or hack, including nearly 3 in 10 (28%) more than once, according to a survey of office workers in Australia, the US, UK and Japan.

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).

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.

Ninety-four percent of organisations globally have suffered phishing attacks in the last 12 months and 61% say it is likely or inevitable that they will be hit with an email-borne attack, according to a new survey.