Banks, investment companies, and insurers are prime targets for cybercriminals looking to steal money or information, disrupt operations, destroy critical infrastructure, or otherwise compromise data-rich financial services institutions (FSIs). Indeed, FSIs lead the pack in terms of the average cost of cybercrime incurred by companies in a particular industry, counting both internal activities and external […]
Cyber Attacks Pose $20bn Threat To Economy
Cyber breaches in major cities could cost the Australian economy up to $US16 billion ($20.9 billion), according to a study by Lloyd’s and Cambridge University. Sydney alone has $US4.86 billion ($6.36 billion) of GDP at risk from cyber attack for 2015-2025, ranking it 12th among the world’s 301 major cities, the research shows. Lloyd’s says […]
Phishing Scams: What Are They? How Can You Protect Yourself?
Phishing (pronounced “fishing”) is an online fraud technique used by criminals to lure you into disclosing your personal information. How can you identify a phishing scheme? What are best practices to avoid becoming a victim of online fraud? Unfortunately, as phishing attacks become more sophisticated, it is very difficult for the average person to tell […]
The Risk Of Shadow IT
By 2020, one in three successful cyber-attacks on organisations will be via shadow IT (Gartner) – in other words, the apps and software employees use without their employer’s approval or authorisation. According to Vaughan Klein, Regional Manager of Collaboration at Cisco Australia and New Zealand, the billions of dollars Australian businesses invest in security annually […]
Global Ransomware (WannaCrypt) Attack
In the last couple of weeks, a new form of ransomware known as WannaCrypt (or WannaCry) has crippled thousands of computers and locked up essential services including hospitals in Britain, FedEx in the US and Telefonica in Spain. Using the long-established strategy of encrypting a computer’s contents and then demanding a payment for the decryption […]
Three Online Scams To Watch Out For
Online cons can cost you both time and money. Here are three common scams you should look out for: Online Dating ScamsAccording to the ACCC, 2,620 Australians lost almost $23 million to romance scams last year. Phishing ScamsWe’ve all received phoney correspondence from a fraudster purporting to look like it’s come from a legitimate business […]
$20bn Cyber Attack Threat
Cyber breaches in major cities could cost the Australian economy up to $US16 billion ($20.9 billion), according to a study by Lloyd’s and Cambridge University. Sydney alone has $US4.86 billion ($6.36 billion) of GDP at risk from cyber attack for 2015-2025, ranking it 12th among the world’s 301 major cities, the research shows. Lloyd’s says […]
Small Business: A Cyber Crime Target
In its Internet Cyber Security Report for 2016, US computer security giant Symantec warns that it is small businesses that are increasingly bearing the brunt of cybercrime worldwide. “In the last five years, we have observed a steady increase in attacks targeting businesses with less than 250 employees, with 43 percent of all attacks targeted at small […]
It’s Not Just Cyber Criminals Who Will Compromise Your Valua
It may be a cliché but it can’t be said enough: where security breaches are concerned, it’s not if but when. Breaches are splashed across the front pages of the news on an almost daily basis, with some of the world’s biggest companies falling victim. But the story behind these latest breaches to hit the […]
Investing in IT Security
The Australian Bureau of Statistics, Australian Red Cross, British Airways, Home Depot, Kmart, Last Pass, LinkedIn, Sony Pictures, Target, and Yahoo. What do all these companies have in common? They are just a small portion of the growing number of organisations that have been hacked or had their data or security breached and consequently […]
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