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Industry News: ESG5

      ACCC, ASIC Trials Website Takedowns for Phishing, Crypto Scams

      2022-07-20

      IT News: Australia’s competition watchdog has partnered with the corporate regulator to trial automated takedowns of websites hosting phishing and other scams.

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      50k Customers Caught Up in Spirit Super Phishing Attack

      2022-05-30

      it News: As many as 50,000 members of Tasmanian-based industry super fund Spirit Super may have had their sensitive personal information compromised after a phishing attack earlier this month.

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      Don’t Delegate Away Cyber Security Risk: ASIC

      2022-05-16

      Money Management: Appearing at FINSIA's ‘The Regulators’ event, ASIC commissioner, Cathie Armour, said the case of RI Advice has brought cybersecurity into the public eye as it was the first of its kind in Australia.

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      Court Finds RI Advice Failed to Adequately Manage Cybersecurity Risks

      2022-05-05

      Money Management: The Federal Court has found Australian Financial Services licensee, RI Advice, breached its license obligations to act efficiently and fairly when it failed to have adequate risk management systems to manage its cybersecurity risks.

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      Cryptocurrency Has Overtaken Bank Transfers for Payments into Investment Scams: ACCC

      2022-04-06

      ZDNet: Losses from Australians to investment scams increased by 90% to AU$103 million from the start of the year to March 20, with the Australian Competition and Consumer Commission saying payments made to scammers are most often made in cryptocurrency.

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      Australia's Big Four Banks Tackling Cybersecurity with a Team Sport Mentality

      2022-03-15

      ZDNet: The chief security officers of Australia's big four banks have likened combating cybersecurity attacks to playing a team sport.

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      Hackers to Face 25 Years in Jail for Cyber Attacks on Australia's National Infrastructure

      2022-02-17

      IT Pro: Hackers could face up to 25 years in jail if found guilty of cyber offences against Australia’s critical infrastructure, under proposed changes introduced by the government.

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      Australia, UK to Jointly Target State-based Actors and Ransomware Groups

      2022-01-20

      IT News: Australia and the United Kingdom have signed a pact to crack down on state-based actors, ransomware groups and other "malign actors" that use cyber attacks to "undermine freedom and democracy".

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      Ethical Hackers and the Economics of Security Research

      2021-11-22

      Help New Security: Bugcrowd released a report which provides CIOs and CISOs valuable insight on ethical hackers and the economics of security research. New findings indicate a startling shift in the threat landscape with 8 out of 10 ethical hackers recently having identified a vulnerability they had never seen before.

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      Aussie Cyber Spies to Control Critical Infrastructure During Ransomware Attacks

      2021-10-20

      Coin Telegraph: Australia’s top cyber spies are set to gain greater powers in the event of ransomware or other cyber attacks on critical infrastructure.

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