Displaying items by tag: Breaches

The growing frequency and sophistication of cyberattacks, with cybersecurity incidents responsible for a significant proportion of large-scale breaches, has led Boards and organisations to prioritise cybersecurity strategy and cyber insurance.

Australia’s competition watchdog the ACCC has issued a warning that it is aware that scammers have been calling people, falsely claiming to help them get a refund from various businesses.

GUEST RESEARCH:  Study unveils an alarming 17% increase in reported negative impacts in Australia from supply chain cyber breaches, disrupting operations, and highlighting the growing threat

Car parts suppliers and retailers Repco, Supercheap Auto and Innovative Mechatronics Group (IMG), an automotive electrical parts supplier, have each paid penalties after the competition watchdog ACCC issued them with infringement notices for supplying aftermarket car key remotes that allegedly breached warning requirements for products powered by button batteries.

GUEST OPINION:  With the pace of technological change showing no sign of slowing, business leaders are focused on the impact it will have during 2024.

GUEST INTERVIEW: Martin Creighan discusses Cyber Resilience; A.I.'s role in exacerbating and defending against security breaches; Commvault's new cloud offering; Metallic AI; and how APAC partners can benefit from it all.

GUEST OPINION: It might be on the 'to-do' lists of many CISOs, yet the adoption of zero-trust security architectures by Australian organisations is taking place more slowly than in other parts of the world.

GUEST OPINION: Today's rapidly evolving threat landscape means organisations must invest in robust cybersecurity measures to safeguard their sensitive data and preserve their reputation. However, getting board buy-in for cybersecurity investments can be a challenging task.

Data breaches are the scourge of the modern economic landscape. Over roughly a decade, data security has transformed from a relatively obscure subset of organizational infrastructure to an essential component of any modern business. Organizations that suffer a data breach now face regulatory fines of potentially millions of dollars, disastrous reputational damages, and even legal consequences. 

Microsoft has made a profit of US$72.4 billion (A$106.7 billion) on revenue of US$211.9 billion for the fiscal year which ended on 30 June, the company announced on Tuesday, adding that the annual revenue figure was an increase of 7% over the previous fiscal year.

Cloud assets are the most attacked targets in New Zealand, the global security vendor Thales claims, adding that 67% of businesses in the country suffered a data breach in their cloud environments last year.

GUEST RESEARCH: Gigamon, the leader in deep observability, today announced its Hybrid Cloud Security trends report, emphasising a significant gap between the perception and reality of how secure organisations truly are from cyberthreats.

iTWire spoke to Chris Fisher, the Director of Security Engineering APJ at Vectra AI. He told us how A.I. can help automate mundane security tasks to help your team focus on more-serious threats. He also provided advice regarding ransomware attacks and how to defend against the 'unknown threat' that may be within your own organisation.

He also explains how ChatGPT (et al) can be used by attackers to target organisations (and how to defend against it). Plus, the importance of all individuals (and the government) taking responsibility for defence against breaches... after all, it's not if, it's when.

Retailers The Reject Shop and Dusk have paid a total of nearly $240,000 after the competition watchdog, the ACCC, issued them with infringement notices related to the supply of Halloween novelty products containing potentially lethal button batteries.

GUEST OPINION: Just as the COVID pandemic changed working patterns for most businesses, it also had significant implications for the higher-education sector.

Research conducted for security vendor Palo Alto Networks has found 92% of Australians want someone to be held liable when a local company is breached in a cyber attack, and half of them think that that person should be a board director or a C-suite executive.

Newly Released ExtraHop Cyber Confidence Index Report Reveals Critical Under-Investment in Crucial Areas of IT, Keeping Confidence Assessment Levels Low.

SECURITY: ExtraHop, the leader in cloud-native network detection and response, today released findings from a new survey that shows 85% of organisations in Asia Pacific were breached by ransomware at least once in the past five years, but only 28% publicly disclosed that an incident occurred.

COMPANY NEWS: Newly released ExtraHop Cyber Confidence Index Report reveals critical under-investment in crucial areas of IT, keeping confidence assessment levels low.

In Australia and New Zealand, 52% of organisations have experienced one to four security breaches in the last 12 months and 18% have experienced five or more breaches in that time, according to the 2022 cyber skills gap report from security firm Fortinet.

GUEST OPINION: Data Protection Day, impending in Europe, serves as a global reminder of one of the most important responsibilities for any organisation: keeping sensitive data secure.