COMPUTER SECURITY – AUSTRALIA

Australia a greater cyber-attack target

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Original article by Sarah Ison
The Australian – Page: 2 : 6-Mar-23

Former head of the US National Security Agency Mike Rogers claims the apparent improvement in relations between China and Australia will not see a reduction in the level of China’s cyber activity against Australia. Rogers says Australia’s involvement in alliances such as AUKUS and the Quad make it an increased target for cyber attacks, as does the automation of industries such as mining. He suggests that the strong response from both the government and the public to the cyber attacks on Optus and Medibank would serve as more of an incentive than a disincentive for future attacks.

CORPORATES
UNITED STATES. NATIONAL SECURITY AGENCY, SINGTEL OPTUS PTY LTD, MEDIBANK PRIVATE LIMITED – ASX MPL

Australia ranks worst in the world for data breaches

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Original article by Matthew Elmas
The New Daily – Page: Online : 14-Dec-22

Data from virtual private network provider Surfshark suggests that there was a 489 per cent increase in data breaches across Australia in the September quarter. The analysis shows that 7,387 local accounts were hacked per 100,000 Australians during the period, which equates to an average of 22 accounts being hacked every minute. Agneska Sablovskaja of Surfshark adds that there was 1,550 per cent growth in data breaches in Australia between October and November, compared with a 70.8 per cent decline globally over the same period. The issue of data security has come under scrutiny in the wake of high-profile incidents such as the Medibank and Optus hacks.

CORPORATES
SURFSHARK, MEDIBANK PRIVATE LIMITED – ASX MPL, SINGTEL OPTUS PTY LTD

APRA warns on bank cyber risks

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Original article by Cliona O’Dowd
The Australian – Page: 13 & 19 : 12-Oct-22

Australian Prudential Regulation Authority chairman Wayne Byres has told a parliamentary committee hearing that a cyber attack on one of the nation’s financial institutions is inevitable. Byres said the sector has invested significantly in protecting their systems from hackers, but it is only a matter of time before a hacker is successful. He added that it is equally important to invest in response capabilities so any breaches are detected quickly and action is taken to limit the damage. S&P Global Ratings recently warned that Australia’s regional banks in particular are vulnerable to data breaches.

CORPORATES
AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, S&P GLOBAL RATINGS

Government jumped gun with Optus attack

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Original article by David Swan
The Australian – Page: 1 & 2 : 4-Oct-22

Optus has hired Deloitte to undertake an investigation into its security systems, controls and processes in the wake of its recent data breach, which was the largest in Australian history. Optus CEO Kelly Bayer Rosmarin has denied there is any rift between it and the federal government, and that the telco is fully co-operating with all requests for information. A number of federal government ministers have criticised Optus for not already having supplied it with details regarding compromised Medicare and Centrelink data, despite Services Australia having given it until 4 October to provide the information.

CORPORATES
SINGTEL OPTUS PTY LTD, AUSTRALIA. SERVICES AUSTRALIA. CENTRELINK, AUSTRALIA. SERVICES AUSTRALIA. MEDICARE AUSTRALIA, DELOITTE TOUCHE TOHMATSU LIMITED

Chinese hackers attack local media group

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Original article by Ben Packham
The Australian – Page: 2 : 10-Feb-22

Cybersecurity firm CyberCX has revealed that a major Australian media company was targeted by hackers on 10 December, immediately after the ‘Log4j’ vulnerability was exposed. CyberCX’s chief strategy officer Alastair MacGibbon says the hackers used techniques that are consistent with Chinese ‘state-sponsored actors’. He adds that media companies are attractive targets for such hackers because they receive and analyse information that has intelligence value. The media company has not been identified, although it is not News Corp; it is also not believed to be Nine Entertainment, which was targeted by a cyber attack in March 2021.

CORPORATES
CYBERCX, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC

Threat of major cyber attack on critical infrastructure real, national security boss warns

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Original article by Nour Haydar
abc.net au – Page: Online : 25-May-21

Home Affairs Department secretary Mike Pezzullo says he is deeply concerned about the threat that cyber attacks pose to Australia’s critical infrastructure. His comments to Senate estimates were made as the federal government is planning new legislation aimed at better protecting the nation’s critical infrastructure, while Prime Minister Scott Morrison has recently urged Australian organisations to protect themselves against cyber attacks. Pezzullo used his appearance before Senate estimates to defend a speech in which he warned the "drums of war" were beating.

CORPORATES
AUSTRALIA. DEPT OF HOME AFFAIRS, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Cyber spy agency on high alert over hack

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Original article by Ben Packham
The Australian – Page: 1 & 2 : 24-Dec-20

More than 18,000 companies and government agencies worldwide are believed to have been targeted by the SolarWinds cyber-attack. The Australian Cyber Security Centre is assessing whether the computer systems of any government departments and agencies have been compromised. The SolarWinds Orion software is used by federal agencies such as the Department of Defence, Home Affairs and Austrade. Sergei Shevchenko, the co-founder of cybersecurity firm Prevasio, says that even if SolarWinds clients have not been targeted, they should assume that they are vulnerable to second-stage attacks.

CORPORATES
AUSTRALIAN SIGNALS DIRECTORATE. AUSTRALIAN CYBER SECURITY CENTRE,AUSTRALIA. DEPT OF DEFENCE,AUSTRALIA. DEPT OF HOME AFFAIRS,AUSTRADE,PREVASIO

Fintechs slam CBA alerts as misleading

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Original article by James Eyers
The Australian Financial Review – Page: 15 & 20 : 18-Nov-19

Raiz Invest has criticised the Commonwealth Bank of Australia for warning customers about the security risks associated with the use of fintech apps. CBA customers who use the Raiz app recently received a warning that their NetBank account had been compromised, and cautioned against sharing account log-in details with third parties. Raiz CEO George Lucas says the CBA alert was misleading and may even constitute an abuse of market power. Fintech Australia’s Rebecca Schot-Guppy says CBA’s actions are concerning given that the open banking regime is slated to begin in early 2020.

CORPORATES
COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, RAIZ INVEST LIMITED – ASX RZI, FINTECH AUSTRALIA PTY LTD, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, ZIP CO LIMITED – ASX Z1P, AMP LIMITED – ASX AMP, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, WESTPAC BANKING CORPORATION – ASX WBC, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB

Tech experts opt out of My Health system

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Original article by Bo Seo
The Australian Financial Review – Page: 5 : 31-Jan-19

Australians must choose whether to opt out of the federal government’s controversial My Health Record system by 31 January. Data security and privacy concerns have prompted a number of people in the technology sector to opt out of the system, including Freelancer CEO and founder Matt Barrie, who says the government has done an "abysmal job" of protecting Australians’ privacy. Cyber security expert Vijay Varadharajan has also chosen to opt out, although Cyber Security Research Centre CEO Rachael Falk has opted in.

CORPORATES
FREELANCER LIMITED – ASX FLN, CYBER SECURITY RESEARCH CENTRE, AIRTREE VENTURES PTY LTD, MICROSOFT CORPORATION, UNIVERSITY OF NEW SOUTH WALES, UNIVERSITY OF NEWCASTLE

Minor parties warn of risks of e-voting

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Original article by Primrose Riordan, Yolanda Redrup
The Australian Financial Review – Page: 3 : 12-Jul-16

The high cost of the 2016 federal election – estimated at almost $A200m – and the lengthy delay in counting votes has prompted renewed debate about electronic voting. Prime Minister Malcolm Turnbull and Opposition Leader Bill Shorten support e-voting, but the Nick Xenophon Team and the Australian Greens are concerned about security issues. The latter notes that the potential for hacking of personal devices emerged during the 2015 election in New South Wales.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY, NICK XENOPHON TEAM, AUSTRALIAN GREENS, AUSTRALIAN INFORMATION INDUSTRY ASSOCIATION LIMITED, AUSTRALIA. JOINT STANDING COMMITTEE ON ELECTORAL MATTERS, UNIVERSITY OF MELBOURNE