cyber attack – Page 4 – Cyber Law Watch

Study reveals massive cost of cybercrime for Asia Pacific businesses

Jun 01 2018

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.

Family Planning NSW the latest victim of cyber attacks

May 16 2018

By Cameron Abbott and Allison Wallace

Up to 8000 clients of Family Planning New South Wales have been affected by a ransomware attack on the NGO’s website. No the sort of records people every want to see disclosed.

The website was hacked on ANZAC Day, with the personal information of clients who had contacted FPNSW in the past 2 and a half years compromised – including details such as names, contact details and reasons for enquiries.

Russian-backed hacking targets Australian businesses

Apr 17 2018

By Cameron Abbott, Allison Wallace and Sarah Goegan

Russian hackers are accused of penetrating up to 400 Australian businesses in 2017 as part of an alleged state-sponsored cyber-espionage campaign, targeting millions of computers across the world.

The Australian government made the announcement in light of an extraordinary joint statement from the US and UK governments pointing a stern finger at Russia for sponsoring cyber-attacks on government, private organisations, critical infrastructure providers and internet services providers.

Uber hack – don’t tell anyone!

Nov 23 2017

By Cameron Abbott and Allison Wallace

It’s been revealed that Uber’s database has been hacked, with the personal information of more than 57 million users and drivers worldwide compromised. That’s a big number, but we are becoming increasingly numb to this kind of revelation, with all the cyber-leaks now making the news. What was the more astounding aspect of this particular incident is the fact it has taken Uber over a year to reveal the security breach – with the attack taking place in October 2016. Read More

A New Type of Cyberattack: AI-Powered Cyberattacks

Nov 17 2017

By Cameron Abbott and Harry Crawford

Researchers are warning that AI threatens to increase the sophistication and effectiveness of cyberattacks, according to a recent blog post by the Wall Street Journal.

Impact of Cyberattack on Merck was $135 million

Nov 03 2017

By Cameron Abbott and Olivia Coburn

Drug and vaccine manufacturer Merck & Co Inc has quantified the impact of a cyberattack on its revenue at US$135 million. The company disclosed the figure in its third quarter earnings report.

The cyberattack occurred in June and forced Merck to halt production of its drugs.

Australian Government Contractor Data Breach

Nov 02 2017

By Cameron Abbott, Allison Wallace and Olivia Coburn

The personal details of almost 50,000 Australians have been published online by a third party government contractor, who is yet to be identified. And I guess you would feel a little shy about owning up to this one!

Update everything: Discovery of Wi-Fi flaw in connected devices

Oct 19 2017

By Cameron Abbott, Rob Pulham and Olivia Coburn

A Belgian researcher has discovered a weakness in WPA-2, the security protocol used in the majority of routers and devices including computers, mobile phones and connected household appliances, to secure internet and wireless network connections.

The researcher, Mathy Vanhoef, has named the flaw KRACK, for Key Reinstallation Attack.

Any device that supports Wi-Fi is likely to be affected by KRACK, albeit devices will have different levels of vulnerability depending on their operating systems. Linux and Android are believed to be more susceptible than Windows and iOS, and devices running Android 6.0 are reportedly particularly vulnerable.

Just one of 734: Australian defence contractor hacked

Oct 16 2017

By Cameron Abbott and Olivia Coburn

A hacker has breached the computer system of an unnamed defence contractor and stolen 30 gigabytes of data, including information on Australia’s $17 billion Joint Strike Fighter program.

The data breach, which the Australian Government publicly disclosed last week, also includes information about Australia’s $4 billion P-8 surveillance plane project, Collins Class submarines and the warships HMAS Canberra and HMAS Adelaide. The Government has emphasised that the stolen data is commercially sensitive but not classified.

The announcement coincides with the release of the Australian Cyber Security Centre’s 2017 Threat Report, available here, which reveals that the hack is among 734 cyber incidents affecting private sector systems of national interest and critical infrastructure providers.

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