2018 – Page 5 – Cyber Law Watch

When employee data does fall within the legal privacy net

Jun 12 2018

By Cameron Abbott, Warwick Andersen and Georgia Mills

PageUp, a leading HR software support company has revealed it has fallen victim to a massive data breach, potentially compromising the personal details of thousands of Australians. Boasting over 2 million active users worldwide and counting a roll call of major Australian companies together with a number of government agencies as clients, the breach may be the largest since the introduction of mandatory data breach notification laws in February (which we blogged about here).

Aqua-man goes hi-tech – Microsoft’s Plunge into Deep Sea Data Storage

Jun 12 2018

By Cameron Abbott and Georgia Mills

In addition to all things cyber security related, we here at CyberWatch love to see new technologies being developed and Microsoft’s latest data storage project has us all excited.

Microsoft has leveraged the technologies of submarines and renewable energy to plunge an experimental 12 metre long datacentre into the sea near Scotland’s Orkney Islands. The project, known as Project Natick, seeks to understand the benefits and difficulties in deploying subsea datacentres powered by offshore renewable energy.

North Korean cyberattacks increase ahead of summit

Jun 08 2018

By Cameron Abbott and Sarah Goegan

North Korean cyberattack activity appears to have ramped up ahead of the highly anticipated US-North Korea summit, which is expected to take place on 12 June 2018.

North Korean hackers known as Group 123 have been identified as the party responsible for new malware activity targeting users in South Korea.

Chubb’s new personal cyber security coverage

Jun 04 2018

By Cameron Abbott and Georgia Mills

Chubb has recently released a new cyber security insurance coverage for individuals in North America. The product intends to provide greater protection from cyberattacks that lead to extortion and ransomware, financial loss, cyber disruption and breaches of privacy.

Foreign Hackers Take Down Triple Zero Network

Jun 01 2018

By Cameron Abbott and Georgia Mills

The triple zero emergency call service, operated by Telstra, was subjected to an onslaught of more than 1000 offshore calls on Saturday morning, leading to a number of genuine emergency calls being unanswered and sparking a government investigation.

Study reveals massive cost of cybercrime for Asia Pacific businesses

Jun 01 2018

By Cameron Abbott and Sarah Goegan

We all know that cybersecurity incidents can cost your organisation a lot of money, but exactly how much? A report by Frost and Sullivan has found that losses from cyberattacks in the Asia Pacific region (APAC) could reach a staggering US$1.75 trillion, nearly 7 per cent of the region’s gross domestic product in 2017. As covered in our blog last week, the cost of cyber scams alone in Australia totalled $340 million AUD last year.

Australian Government legislates to protect critical national infrastructure

May 28 2018

By Cameron Abbott, Keely O’Dowd and Sarah Goegan

Protecting Australia’s critical infrastructure from threats is essential to Australia’s national security interests, community safety and the overall quality of life for Australians.

In March 2018, the Australian Parliament passed the Security of Critical Infrastructure Act 2018, which is due to commence on 11 July 2018. The Act imposes new obligations on operators and owners of “critical infrastructure assets” – Australia’s high risk major ports and electricity, water and gas utilities.

Cost of cybercrime hits a new high according to the ACCC’s Scamwatch Report

May 24 2018

By Cameron Abbott and Giles Whittaker

Australians are suffering more than ever to various cyber scams, with the ACCC’s ninth annual Targeting Scams Report confirming the ACCC received more than 200,000 scam reports costing a total of roughly $340 million during 2017, a $40 million increase from 2016. Whilst this increase is attributed to a variety of different cyber scams, including investment scams which totalled $64 million, an increase of more than 8%, the second largest contributor to the $340 million total losses was from dating and romance scams which amounted to $42 million. The search for love clearly has its costs. With the average loss suffered per victim totalling $6500, these losses are not inconsequential and continue to push cybersecurity into the forefront of both individuals and businesses daily activities.

Politicians accused of stealing data?

May 21 2018

By Cameron Abbott and Sarah Goegan

No it’s not Chinese or Russian hackers trying to influence elections. A candidate in the Ontario province elections in Canada has resigned following allegations he may have stolen data from his former employer to further his party’s campaign.

The Defence Department’s $4 million investment in Cognitive Computing

May 18 2018

By Cameron Abbott and Georgia Mills

The Australian Defence Department granted IBM Australia a $4 million, 3 year contract for the provision of its Watson cognitive computing infrastructure. The platform provides a cognitive, artificial intelligence and machine learning capability for use by Defence and is only the second on-premises instance of Watson globally.

Matt Smorhun, Assistant Secretary for the ICT Strategy Realisation Branch at the Department of Defence said they decided to “just buy this thing” and then work out how it was going to fit into the organisation later. (Which did strike us as a rather strange approach to spending tax payers dollars – but congrats to the IBM sales person who pulled that off!)

Archive:2018