cybersecurity threat – Cyber Law Watch

Ransomware plan of action

Oct 18 2021

By Cameron Abbott, Rob Pulham and Ella Richards

Following the 60% increase in ransomware attacks over the past year, the Department of Home Affairs has released a Ransomware Action Plan – proposing to introduce mandatory reporting requirements for companies who have been hit by a ransomware attack.

Under the proposal, companies with a turnover of $10 million or more per year will be required to inform the Australian Cyber Security Centre soon after experiencing a ransomware attack and will face civil penalties if they fail to comply. The government is also planning to introduce a standalone offence for cybercriminals who seek to target critical infrastructure as part of the Security Legislation Amendment (Critical Infrastructure) Bill 2020.

This document is part of Australia’s overarching 2020 Cyber Security Strategy, with industry and community consultation anticipated in the near future. Stand by for further developments.

Continuing to take its Toll: Toll Group still feeling impacts nine months after experiencing Ransomware Attack

Nov 02 2020

By Cameron Abbott, Keely O’Dowd and Max Evans

Back in February, we blogged about the large scale ransomware attack experienced by Toll Group.

IT News reports Toll is still “mopping up” the damage caused by these attacks. Since July, Toll has embarked on a year-long accelerated cyber resilience program incorporating teams in India and Australia which led to the appointment of former Telstra Asia Pacific CISO Berin Lautenbach as Toll’s global head of information security in August.

Oct 27 2020

By Cameron Abbott and Keely O’Dowd

Patients of a Finnish psychotherapy centre have become the victims of a blackmail campaign after the centre suffered a data breach. It is reported, the centre’s data was stolen during two attacks, one occurring in November 2018 and the other between the end of November 2018 and March 2019.

A cyber criminal (or criminals) has used the stolen data to contact patients demanding the payment of 200 euros in bitcoin, with this amount increasing to 500 euros if the patient refused to pay within 24 hours. If a patient refused to pay the ransom, the cyber criminal threatened to publish their personal information, including notes from therapy sessions. Around 300 records have been published on the dark web, which suggests patients are refusing to pay the ransom. The centre also received a ransom demand of 500,000 euros for the return of their data, which it has refused to pay.

Aug 04 2020

By Cameron Abbott and Max Evans

In these unprecedented times, where travel around the globe is primarily halted as nations get to grips with controlling the outbreak of COVID-19, many would think it couldn’t get any worse for travel companies. However, they would be wrong, as according to an article from ITNews, American travel management giant CWT has reportedly paid a whopping 414 bitcoin, equivalent to a value of 4.5 Million USD (approximately 6.3 Million AUD), to hackers who successfully exfiltrated over 2 terabytes of sensitive corporate files.

According to the Article, the successful hackers used a strain of ransomware referred to as “Ragnar Locker” which places computer files into a virtual prison through encryption and renders them unusable until the victim pays for the keys. Then in CWT had to negotiate in a public chat forum to pay for the release. It gives us a rare insight into the dialogue that followed. CWT negotiated the hackers down from their initial demand of 10 Million USD. According to the Report, whilst the hackers claimed to have stolen over 2 terabytes of files including financial reports, security documents and employees’ personal data, it was not clear whether any customer data was compromised.

Jul 24 2020

By Cameron Abbott and Keely O’Dowd

The Australian Government is currently developing its next Cyber Security Strategy, which is scheduled for release in the coming months.

The Australian Government 2020 Cyber Security Strategy Industry Advisory Panel has released a report consisting of 60 recommendations to inform the 2020 Cyber Security Strategy. The Panel’s 60 recommendations are structured around five key pillars:

Jun 19 2020

By Cameron Abbott, Keely O’Dowd and Rebecca Gill

News reports have revealed that Lion Beer Australia has suffered a second cyberattack within a week of falling victim to a ransomware attack. While Lion continues to recover from the first cyberattack, it must now investigate, respond and recover from this second attack.

Today, Lion announced it had received reports of Lion document lists posted online in recent days. It is continuing to investigate if any data has been removed from its system. Lion has also advised relevant authorities and regulators of the first incident.

Apr 08 2020

By Cameron Abbott, Rob Pulham, Michelle Aggromito and Rebecca Gill

In part 1 of this blog, we highlighted the increase in phishing scams in light of the global COVID-19 pandemic. In this part 2, we discuss some practical tips that organisations can implement to mitigate the heightened risks of falling prey to such scams.

So, where to begin? You may have seen a recently published alert on the K&L Gates Hub: Responding to COVID-19 series, which provides high level ideas and tips for organisations when implementing remote working procedures for their employees. In particular, organisations should consider implementing:

Mar 25 2020

By Cameron Abbott, Michelle Aggromito and Rebecca Gill

It’s upsetting to report, but should come as no surprise, that scammers are seeking to take advantage of organisations during the COVID-19 pandemic.

The Australian Competition and Consumer Commission’s Scamwatch website reports that phishing attacks are on the rise, with scammers impersonating the World Health Organisation and other agencies. Scams include anything from offering victims a vaccine for COVID-19 to investment opportunities created by the pandemic.

Don’t let coronavirus get your system infected

Feb 07 2020

By Cameron Abbott and Allison Wallace

You’ve all likely seen various news reports and online posts about the coronavirus epidemic – you may have even received email alerts on how you can protect yourself from being infected.

It turns out cyber criminals are using our curiosity to bait us with fake documents purporting to inform us about coronavirus while actually infecting our systems with malware.

Could your ERP system make you a victim of cybercrime?

Oct 29 2019

By Cameron Abbott and Allison Wallace

We frequently blog here about incidents where companies, government agencies or public have suffered data or security breaches at the hands of hackers. They’re often incidents that come to light because they affect the public in some way – by shutting down hospitals, exposing sensitive personal information, or threatening government security. But what about hacks that, while not having wide-reaching public implications, go to the core of a business’ operations?

Tag:cybersecurity threat

Ransomware plan of action

Continuing to take its Toll: Toll Group still feeling impacts nine months after experiencing Ransomware Attack

Therapy clients become targets of blackmail campaign

Can It Get Any Worse? Travel Giant CWT pays $4.5 Million USD ransom to Hackers who Stole Corporate Files and Knocked 30,000 Computers Offline

Update: Australia’s 2020 Cyber Security Strategy

Under attack: Lion suffers second cyberattack and the Federal Government warns of an active cyberattack on Australian organisations

A phishing pandemic – Part II

A phishing pandemic – Part I

Don’t let coronavirus get your system infected

Could your ERP system make you a victim of cybercrime?