Australia Cyber Attack Statistics
by Jim Bulling and Julia Baldi
New statistics show cyber attacks on Australian businesses increased by 20% in 2014.
See the ABC report here.
European Union Cybersecurity Dashboard Report
by Jim Bulling and Julia Baldi
The Business Software Alliance, European Union cybersecurity dashboard: A path to a Secure European Cyberspace published by the BSA. The report aims to allow government officials in each of the EU Member States with an opportunity to evaluate their country’s policies against these metrics, as well as their European neighbours. The report is an interesting read for Australian companies holding, or considering holding, data in Europe.
See the report here.
UK Government Issues Cybersecurity Insurance Report
by Jim Bulling and Julia Baldi
The UK government has issued a report on cybersecurity insurance which details new joint initiatives between government and the insurance sector to help firms get to grips with cyber risk. The report encourages businesses and financial institutions to review their risk management processes and seek to obtain ‘Cyber Essentials certifications’ from insurers to ensure adequate cybersecurity is in place.
View the Press Release and Report.
Primera Blue Cross Cyberattack
by Jim Bulling and Julia Baldi
Primera Blue Cross, a U.S. health insurer announced up to 11 million customers could have been affected by a cyberattack, with hackers gained access to its computers on May 5 2014, and the breach only being discovered on January 29 2015. Affected customers are eligible for two years of free credit monitoring and identify theft protection services.
See the Primera press release here and a CIO article on the breach here.
Reports and Surveys Updates
by Jim Bulling and Julia Baldi
The Emergence of Cybersecurity Law Report
The Emergence of Cybersecurity Law report released by Hanover Research outlines trends and strategies in respect of in house counsel’s involvement in companies’ cybersecurity efforts.
See the report here.
Eurobarometer report on cybersecurity
European Commissions publishes special Eurobarometer report on cyber ecurity which shows EU citizens have significant concerns about cybercrime threats.
See the report here.
Government Regulation, Legislation and Enforcement Updates
by Jim Bulling and Julia Baldi
China Introduces new Cybersecurity Laws
China introduced new cybersecurity laws, which require both local and foreign banks and financial institutions with Chinese clients (including Australian financial institutions) to use IT equipment deemed “secure and controllable” by Beijing. The breadth of the laws has upset foreign financial institutions given the potential cost of compliance if foreign entities must implement IT equipment systems in accordance with Chinese directives.
See the Financial Times report here.
Malaysia Airlines Breach
by Jim Bulling and Julia Baldi
Malaysia Airlines was hacked on 26 January 2015, with visitors to malaysiaairlines.com being confronted by an image of a lizard in a top hat, monocle and tuxedo. In addition, customer data appeared to have been leaked online.
See the Bank Info Security post about the breach here.
European Union – General Data Protection Regulation (GDPR)
by Jim Bulling and Julia Baldi
The European Union has indicated an intention to finalise the General Data Protection Regulation (GDPR) before the end of 2015. This has the potential to effect Australian companies operating or storing data in Europe.
See the EU press release here.