risk management – Cyber Law Watch

A phishing pandemic – Part II

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:

Double-Edged Sword: Cambridge Analytica Whistle-Blower exposes the dual nature of Technology

Dec 01 2019

By Cameron Abbott, Max Evans and James Gray

In his cautionary tale, 1984, author George Orwell spoke of a paradigm where the unregulated use of powerful technology, referred to as “telescreens”, manifested a society beholden to the ethics of the controller. This paradigm is perhaps more real than ever, according to an article by Reuters.

By exploring the views of Cambridge Analytica whistle-blower Christopher Wylie, the article advises that the deep, multifaceted involvement of big tech companies in consumers’ lives, the ultimate dependence that arises from such involvement and the overwhelming vulnerability of such consumers renders tech companies “too big to fail”. Wylie argues that the vast imbalance of power and information in favour of these companies over users is resulting in a constant scrambling by regulators to control the rapid adoption of such technology forms.

Interlopers in Things? IoT devices may be used as backdoors to your network

Aug 27 2019

By Cameron Abbott and Karla Hodgson

This month Microsoft reported that its Threat Intelligence Center discovered that IoT (internet of things) devices – a VOIP phone, a printer and a video decoder – were used to gain access to corporate networks in April.

Microsoft have identified Strontium – also known as Fancy Bear or APT28 – as the culprit, a hacker group associated with the Russian government who appear to be targeting government, IT, military and defence, engineering, medical and education sectors. Strontium has been linked to the hacking of Hillary Clinton’s presidential election campaign and of the email accounts of researchers investigating the missile strike on MH17 and the Skripal poisonings. In the last 12 months alone Microsoft has delivered almost 1,400 notifications to those targeted or compromised by Strontium.

Trending: Security as a service

Aug 07 2019

By Cameron Abbott and Karla Hodgson

Remember the time when you first heard about cloud computing and it took you a few moments of quiet contemplation before you wrapped your head around the concept of computing being situated “up there”? Of course today we aren’t surprised to learn that over 80% of enterprise workloads will be in the cloud by next year and that a new wave of cloud-based security as a service (SECaaS) solutions are rolling in to address the forecasted USD $5.2 trillion per year in cybercrime damage that is expected to impact within the next 5 years.

Based on the software as a service (SaaS) model, SECaaS is a cloud-based managed security service that removes the need for businesses to buy and continually upgrade on-premises hardware and software and keep staff upskilled in the ever-shifting world of cybersecurity risk and protection.

My Health Records – To opt-in, or to opt-out? That is the question

Jul 27 2018

By Cameron Abbott and Keely O’Dowd

This year all Australians will have a My Health Record created. A My Health Record will operate as a digital medical file that allows healthcare providers to upload health information about a patient. This information may include prescriptions, medical conditions and test results. A patient’s digital medical file will be stored in a national electronic database operated by Australian Digital Health Agency (ADHA).

Former MasterChef contestant falls victim to online fraud attack

Jun 25 2018

By Cameron Abbott and Keely O’Dowd

Last week, reports in the media revealed former MasterChef contestant, Dani Venn was the unfortunate victim of a conveyancing hacker attack.

Research reports say risks to smartphone security aren’t phoney

Jun 19 2018

By Rob Pulham, Warwick Andersen and Sarah Goegan

Beware! Your favourite apps may be putting your phone and data at risk. Reports from Allot and BitSight have examined rising threats to the security of our mobile devices.

Report savages US Government agencies’ cybersecurity efforts

Jun 15 2018

By Cameron Abbott and Sarah Goegan

You would think government agencies would have a keen focus on cybersecurity risks, but apparently not! A report by the United States Office of Management and Budget (OMB) has found that nearly three-quarters of Federal agencies reviewed have either “at risk” or “high risk” cybersecurity arrangements. 71 of 96 agencies assessed were either missing, had insufficiently deployed or had significant gaps in their fundamental cybersecurity policies, processes or tools.

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.

Tag:risk management