Displaying items by tag: Data breaches

Australian businesses are failing to meet consumer expectations of protecting their personal information, with 45% of Australian consumers reportedly having been notified by a company or government agency that their personal information was lost or stolen because of data breaches.

Nearly 70% of Australian IT professionals lack confidence in the ability of their organisations to prevent, detect and resolve data breaches, according to a new research report.

Many consumers have a lack of trust in the providers of telecommunications services for their transparency and ethical behaviour, according to a new global index which found that consumers rated telecommunications the second least trustworthy industry.

The hacking of devices is merely a symptom of a much bigger problem, according to Richard Cookes, country manager ANZ from identity and access management company One Identity.

Twenty per cent of US organisations surveyed by access management company OneLogin say they experienced data breaches by ex-employees.

The average costs of a data breach for some Australian organisations have fallen 5% to A$2.51 million, down from A$2.64 million, compared to an average decrease in costs globally of 10%, according to a new report.

Criminal data breaches over the Internet will cost businesses around the world a total of US$8 trillion over the next five years, according to a new report.

A survey of top Australian brands, both those listed among the ASX Top 100 and those outside it, has found that 43% of the staff in these organisations are unaware whether their employers have data breach policies in place or not.

It’s a couple of trillion less than the current 2017 US deficit, showing just how severe the cost of cyber crime is to business globally.

Australia ranks highest amongst countries in the Asia Pacific region where enterprises do not have an action plan in place in the event of a data breach.

The use of the EMV technical standard for smart payment cards, as with other encryption and token technology at the transaction inception points, will not eliminate the malware threat, a senior official of an endpoint security company says.

US telecommunications giant Verizon and Yahoo! have agreed on a reduction of US$350 million in the price which the former will pay for some assets of the latter, a deal that was made in July last year.

Verizon’s annual Data Breach Investigations Report (DBIR) and the companion Data Breach Digest are among the most anticipated reports each year for their integrity, depth, scientific rigor and insights.

The Australian Computer Society (ACS) believes the key benefits of new data breach laws will be preventive and the real impact will be to mobilise business and government.

The Australian Computer Society (ACS) has given the thumbs up to new regulations mandating data breach notification, with strong endorsement of the guiding purpose of the government’s Privacy Amendment Bill which will allow individuals to take steps to protect themselves from a likely risk of serious harm resulting from a data breach.

The details of 2.5 million gamers, who had accounts on Xbox360ISO.com or PSPISO.com, have been exposed on the Internet, having been hacked in late 2015.

Nearly half of the data breaches worldwide in 2016 were in the United States, according to an annual report issued by Risk Based Security, a company that sells analytics and user-friendly dashboards designed to identify security risks by industry.

Global security company Centrify has warned that organisations need more than just user awareness programmes to cut the risk of “social engineering” and cyber fraud.

The pending introduction of mandatory data breach notification laws in Australia provides an opportunity for the federal government to provide “robust guidance” and signal to business that they can't afford to take a relaxed approach to information security, according to the regional ANZ chief of digital security company Gemalto.

Organisations need to reduce the risks created by hybrid IT infrastructure and rethink their security measures, including the use of passwords, according to a US-based senior executive from global identity management and security vendor Centrify.