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Industry News: ESG5

Scammers Taking Advantage of COVID-19 to Target Small Businesses

2021-05-26

ASIC: ASIC is urging Australians to be wary of scammers using the COVID-19 pandemic to target small businesses. Scammers often target small business owners as they recognise that they are busy and may have limited resources to keep systems safe. Common scams aimed at small businesses are outlined below.

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AMP Builds New Cyber Defence Centre

2021-05-18

IT News: The centre, which launches this month, will be led by Elrich Engel. Engel is currently AMP’s group head of cyber security and digital protection at AMP and acting director of architecture for cyber security and data.

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Vanguard Targeted in Bond Fund Scam

2021-03-31

Financial Standard: The asset manager said scammers are buying advertisements on search engines for terms relating to "bond or high yield investments". When a person clicks on the ad link, they are taken to a fake investment comparison website with a name like "Investment Compare".

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Cyberattack Forces Australian TV Channel Off Air

2021-03-29

CNN Business: Australian broadcaster 9 News suffered a cyberattack that forced a number of live shows off air on Sunday, as the country's federal parliament also reported an attack on its computer network.

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Boards to Be Held Responsible for Cyber Risk Protection

2021-03-12

Insurance Business: Boards and managers will soon be held responsible for protecting their organisations, shareholders, and customers from cyber risks as cyber attackers continue to take advantage of the work-from-home environment – potentially increasing directors and officers (D&O) liability insurance premiums.

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Australia's Securities Regulator Says Server Hit By Cyber Security Breach

2021-01-25

Reuters: Australia’s securities regulator said on Monday there was a cyber security breach at a server it used to transfer files including credit licence applications where some information may have been viewed.

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Phishing Emails Spoof Australia's Cyber Security Center

2021-01-06

Bank Info Security: In an alert, the agency notes hackers posing as ACSC employees are sending emails requesting that recipients download antivirus software. When the victim clicks on a link, malicious code that can steal banking credentials is downloaded onto the compromised device.

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Australian Crypto Exchange Exposes Personal Data of 270K Users

2020-12-02

Yahoo Finance: As reported by Business Insider Australia , the exchange revealed the names and email addresses of over 270,000 users when it sent out mass emails. The error saw names and addresses placed in the “to” section rather than individually addressing each recipient or using blind carbon copy.

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Major Cyber Breach in Finance Inevitable: APRA

2020-11-26

Investor Daily: The prudential regulator has unveiled its cyber-security strategy for 2020-24, which seeks to lift security standards and introduce higher accountability where companies fail to meet their requirements. 

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Cyberattack Strikes Media-monitoring Company Used By Australian Government

2020-10-27

The Guardian: Isentia, which boasts it has “most government departments and large corporations” as clients in Australia, told the Australian Stock Exchange on Tuesday it is “urgently investigating a cybersecurity incident” that was “disrupting services” involving its media portal – a service customers use to see media reporting on them, or issues of interest to them, and find journalists.

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