After Optus, Telstra Hit By Data Breach
Two weeks after telco Optus underwent a data breach, now it is the turn of another Australian telco to report an incident. Australia’s largest telco Telstra said on Tuesday that it had suffered a ‘small data breach’, according to a report by Reuters. Telstra, which has 18.8 million customer accounts equivalent to three-quarters of Australia’s […]
Optus Hack Could Result in Revamp of Australia’s Data Laws
Optus chief executive Kelly Bayer Rosmarin has said that a breach of up to 9.8 million Australians’ personal data was facilitated via the telecoms giant’s improper system protections as ‘sloppy’ and ‘misinformation’. This development happened after Home Affairs Minister Clare O’Neil said that the telco had left the door open to a ‘basic’ hack, according […]
Uber Admits Covering up Data Breach that Exposed Data of 57 Million Users
Uber has admitted that it covered up a massive data breach in 2016 that exposed data pertaining to approximately 57 million users and 600,000 drivers’ license numbers. The ride-hailing platform has entered a non-prosecution agreement with federal prosecutors to resolve a criminal investigation into the cover-up of a significant data breach suffered by the company in […]
Policybazaar Faces Cybersecurity Attack
IT systems of PB Fintech were breached on the 19th of July 2022 as certain vulnerabilities were identified in its systems and were subject to illegal and unauthorised access. PB Fintech is the parent company of Policybazaar, which is an Indian insurance aggregator and multinational financial technology company based in Gurgaon. “We wish to bring […]
China’s Cabinet Bolsters Cybersecurity Measures After Largest Attack in Chinese History
In a State Council meeting led by Premier Li Keqiang, China’s cabinet emphasised the need to bolster information security in the country, after hackers purportedly stole over 23 terabytes of information belonging to a billion Chinese residents by compromising a Shanghai police database in early July. Although Chinese state media has not reported on the […]
Are organisations in South Asia Prepared to deal with Data breaches
During the COVID19 pandemic, India witnessed an increase in the number of cybersecurity incidents. India had a total of 11,58,208 cyber security incidents in 2020-21. Cyber security attacks increased to 12,13,784 by October 2021, the Minister of State for Electronics and Information, Rajeev Chandrashekhar, informed the Rajya Sabha. Cyberattacks happen when it is least expected […]
What Cyber Threats Do Australian Businesses Face?
Post Covid-19, digitalization has seen a renewed surge. In light of this increased activity, businesses use and share information- with their customers, clients and other third party vendors. However, this opens up multiple avenues of cyber security threats and needless to say the digital world is under attack, with network breaches and cyberthreats happening hundreds […]
CyberProof collaborates with Microsoft on new portfolio of cybersecurity services
CyberProof, a UST company, has collaborated with Microsoft to provide Managed Extended Detection and Response (MXDR) capabilities for Microsoft Security Services for Enterprise. This is a new managed service for large enterprise customers and is part of Microsoft’s new portfolio of security services. Microsoft Security Services for Enterprise is a service that combines proactive threat […]
Cloudflare Outage Hits Popular Online Services
A Cloudflare outage, has hit several services such as Crunchyroll, Feedly, Zerodha, Medium.com, news outlet Register, Upstox and Social Blade, Discord, Omegle and DoorDash. The internet infrastructure firm said it is investigating the “wide-spread” issue, but it’s unclear what all regions are impacted. “Users may experience errors or timeouts reaching Cloudflare’s network or services,” said […]
Repeated Cyberattacks Almost Cost Man in New Zealand 288 000 Flyer Points and $13 500
Cyber criminals targeted a man in New Zealand, stealing 288 000 frequent flyer points from his Virgin Australia account to go on a holiday in Bali, before stealing another $13 500 from his bank account. The man, a 47-year-old named Daniel Tsui, who travels between Brisbane and Cairns weekly for work, realized something was […]
SpiceJet faces Ransomware attack
Hundreds of SpiceJet airlines passengers were stranded at various airports in India due to a ransomware attack that impacted the morning flight departures on Wednesday. SpiceJet is an Indian low-cost airline headquartered in Gurgaon, Haryana. It is the second-largest airline in the country by the number of domestic passengers carried. Confirming the development, a spokesperson informed that a ransomware […]
Technology industry body raises concern on Indian authority’s directive on Cybersecurity breach
US-based technology industry body ITI, having international technology firms such as Google, Facebook, IBM and Cisco as its members, has sought a revision in the Indian authority’s directive on reporting cybersecurity breach incidents. ITI mentioned that the provisions underneath the brand new mandate might adversely affect organisations and undermine cybersecurity in the country. ITI nation […]
SoftBank Forays into Web3 Security: Invests $60 million in CertiK
CertiK, the leading global Web3 and blockchain security firm, has received an additional $60 million USD investment from SoftBank Vision Fund 2 and Tiger Global. This marks SoftBank’s first venture into the Web3 security space. CertiK’s $88 million series B3 round and $2 billion valuation were announced within the past month, led by Insight Partners. […]
New Ransomware attack to Hit Organisations every 11 seconds: Experts
There has been a constant increase in the number of cyberattacks happening in India and other parts of the world including India’s power grid systems. The Government of India has been working on initiatives to educate and create awareness about the different aspects of cybersecurity and how to prevent a cybersecurity incident in order to […]
Why Organisations are getting their Zero Trust Strategy Wrong
In the last few years, there has been an increase in the number of cyberattacks and it continues to grow. More than 11.5 lakh incidents of cyberattacks were tracked and reported to India’s Computer Emergency Response Team (CERT-In) in 2021. According to official estimates, ransomware attacks have increased by 120 per cent in India, according […]
Millennials consistently the biggest victims of all forms of fraud: IBM Survey
Geographies and generations differ greatly in the frequency and impact of financial fraud, as well as their attitudes toward fraud detection and the institutions responsible for protecting them from bad actors. According to the 2022 IBM Global Financial Fraud Impact Report, when it comes to fraud on a global scale, American citizens are the most […]
UAE’s Cybersecurity Council signs an MoU with Huawei to strengthen cybersecurity
The UAE’s Cybersecurity Council has signed a Memorandum of Understanding with Huawei to collaborate in the strengthening of local strategies and efforts related to cybersecurity. The agreement was signed at the GISEC 2022 cybersecurity conference that was held between March 21st to 23rd at the Dubai World Trade Center. As per the memorandum, both parties […]
5 Tips on How organisations can deal with Data Breaches
The COVID19 pandemic has resulted in an increased amount of vulnerabilities for some organisations which has led to them experiencing cybersecurity related incidents. According to a Trend Micro report which was published previous year in the month of August. Nearly 73 per cent of organisations in India expect to experience a data breach that impacts […]
Ukraine Gov Reaches out to Hackers for Cyber Defense
The Ukrainian government has reached out to volunteers from the country’s hacker underground to help protect critical infrastructure and conduct cyber spying missions against Russian troops. “Ukrainian cybercommunity! It’s time to get involved in the cyber defense of our country,” the post read, which was reported by Reuters. Further, the post asked hackers and cybersecurity […]
Cyber attacks on Government websites & Banks: State Service of Special Communication and Information Protection of Ukraine
The State Service of Special Communication and Information Protection of Ukraine said that its government websites and banks have been hit with cyber attacks. “Today, websites of a number of government and banking institutions have undergone a massive DDoS attack again. Some of the attacked information systems are not available or work intermittently. This is […]
Credit Suisse says Data Leaks Inconsequential: 90% of accounts closed
Financial major Credit Suisse which has come under fire from several media outlets for a huge data leak, exposing data of thousands of clients has issued a strong rebuttal. “Credit Suisse strongly rejects the allegations and insinuations about the bank’s purported business practices. The matters presented are predominantly historical, in some cases dating back as […]
NordPass partners with Cowbell Cyber to help cyber insurance policyholders
Password manager NordPass Business has partnered with Cowbell Cyber, the industry’s first AI-powered cyber insurance provider for small to medium enterprises (SMEs). NordPass is joining Cowbell Rx, Cowbell’s referral marketplace for cyber risk management and security solutions. From now on, Cowbell Rx policyholders get NordPass Business with a 15% pricing discount, the company said. Growing […]
Network-attached storage Provider QNAP to Continue with Security Updates for some Devices till October
QNAP has extended support and will keep issuing security updates for some end-of-life (EOL) network-attached storage (NAS) devices until October 2022. This should provide customers with unsupported devices to upgrade and have their data protected from evolving security threats, the company said in a statement. “EOL models may lack computational capabilities, be short on operational […]
Vendors took 2 Months to Fix Vulnerabilities: Google’s Project Zero
In 2021, security vendors took an average of 52 days to fix security vulnerabilities reported from Project Zero. To put it in context, this is a significant acceleration from an average of about 80 days 3 years ago. However, one needs to bear in mind that the quantum of attacks have more than tripled in […]
Cybercriminals can exploit Publicly Exposed Vulnerabilities in less than 24 hours: Truesec
Cybercriminals can now target more organisations by exploiting publicly exposed vulnerabilities to a greater extent than before, according to latest research by cybersecurity company Truesec. Also, Trusec has warned that cyber attacks are rapidly executed and that threat actors can gain complete control of an organization’s network in less than 24 hours. Attacks on the […]
Washington State Department of Licensing System Breached: Impact yet unknown
Personal information of probably millions of licensed professionals stored in the Washington State Department of Licensing may have been exposed after it detected suspicious activity on its online licensing system. During the week of Jan. 24, 2022, the Department of Licensing (DOL) became aware of suspicious activity involving professional and occupational license data. “We immediately […]
Services Company Morley Hit by Ransomware Attack
Business services company Morley revealed that it was a subjected to a ransomware attack that may have resulted in the information of more than 500,000 individuals getting stolen. In letters sent to impacted individuals, Morley, which serves Fortune 500 and Global 500 companies across various industries, said the incident was discovered in August 2021, when […]
Cybersecurity & Data to be the top priority of CIOs in 2022
IT decision makers from leading Indian companies will be focusing on cyber security and data-backed decision making, as their key priority areas in 2022. Coming in the backdrop of a pandemic situation, businesses the world over have had to take a fresh look at the way they do business. With social distancing norms, remote working, […]
stc and Nozomi Networks Team to Deliver Advanced Cyber Security Solutions Across Saudi Arabia
stc Group, the largest digital enabler in the MEA region has partnered with Nozomi Networks, the leader in OT and IoT security, to address the growing demand for security services and solutions. These are designed to address IoT and OT cybersecurity requirements for customers in industrial automation, manufacturing, healthcare, public safety systems, smart cities, utilities […]
Nearly 400 accounts of Crypto.com hacked
Following the hacking of nearly 400 customer accounts, Singapore-based Crypto.com said that it has not received any “outreach” from regulators. Confirming the development, Chief executive officer Kris Marszalek, during an online interview at Bloomberg’s Year Ahead virtual conference, said from Singapore that all customers have been reimbursed and he is prepared to share information on […]
Aditya Birla Fashion and Retail Ltd suffers data breach over 700GB data released online
Aditya Birla Fashion and Retail Ltd (ABFRL) suffered a data breach on its portal and the company is investigating the incident. Meanwhile, the company has assured that it will have no operational or business impact on its operations. The company has engaged forensic security experts to investigate the data breach incident where over 700GB of […]
Cyber Attack downs Dozen Ukrainian Government Websites
Dozens of Ukrainian government sites were hit by a cyberattack, with hackers warning people to “be afraid and expect the worst.” The attack took over websites of the Ministry of Foreign Affairs, Cabinet of ministers and security and defense council, posting a message on screens in Ukrainian, Russian and Polish that read: “Ukrainian! All your […]
CISA, FBI, NSA & International Partners issue advisory to Mitigate Log4J Vulnerabilities
The Cybersecurity and Infrastructure Security Agency (CISA), along with the Federal Bureau of Investigation (FBI), National Security Agency (NSA), Australian Cyber Security Centre (ACSC), Canadian Centre for Cyber Security (CCCS), Computer Emergency Response Team New Zealand (CERT NZ), New Zealand National Cyber Security Centre (NZ NCSC), and the United Kingdom’s National Cyber Security Centre (NCSC-UK) […]
Enterprise Security provider Recorded Future acquires SecurityTrails
Recorded Future, a provider of intelligence for enterprise security has acquired SecurityTrails, the Total Internet Inventory and leading provider of Attack Surface Monitoring. Details of the transaction were not disclosed. Global digital transformation has rapidly moved organisations and governments into a cloud-first world and companies and professionals are spinning up tools, systems, and entire ecosystems […]
Chinese Firms with Overseas Listing plans to undergo Gov Security Review
In a move that signifies another step towards tightening its hold on China’s technology firms, the government said that it chalk out new rules on local platform firms which plan to list in the overseas stock markets. The Cyberspace Administration of China (CAC) said the new rules come into effect on February 15 and requires […]
Top Cybersecurity Trends in 2022
After a record year of cyber-attacks in 2021- from supply chain to ransomware, marked with sophistication not witnessed in the past, 2022 is set to bring its own set of challenges. Egress CEO, Tony Pepper is of the view that after the major supply chain hacks of 2021, this (supply chain) will become least trusted […]
How organisations in South Asia are tackling Cyber Threats?
On 16th December 2021, W.Media hosted its digital event ‘SA Enterprise & Cloud Cyber Security Summit 2021’ Renowned technology experts from the industry were a part of this digital event Renowned thought leaders and industry experts will be a part of this event IPS Loknath Behera, Managing Director, Kochi Metro Rail Ltd, Burgess Cooper, Cybersecurity […]
India requires 3 million cybersecurity experts
The COVID19 pandemic has led to organisations making a lot of changes in their way of working. But what efforts has the government been making to ensure a strong cybersecurity infrastructure? “During the pandemic most organisations had adapted to work from home in which cybersecurity is playing a crucial role. Unauthorised intrusion cybersecurity vulnerability is […]
Digital services provider Kerv acquires Security firm Gyrocom
Kerv, a cloud and digital transformation services provider, has acquired Gyrocom, a fast growing network and security integrator with a specialisation in SD-WAN. In addition to SD-WAN, Kerv’s strategic acquisition brings skills in managed networks and network security, including Secure Access Service Edge (SASE), the rapidly emerging cybersecurity solution, the company said in a statement. […]
Private Equity Consortium led by Advent to acquire McAfee
An investor consortium consisting of six investment firms announced that they were acquiring cyber security firm McAfee for $14 billion. This consortium led by US private equity firm Advent International will take the cyber security company private, according to reports. The consortium consists of Advent International, Permira Advisers, Crosspoint Capital Partners, Canada Pension Plan Investment […]
Desorden Group Attacks Thailand’s Central Restaurants Group
The Desorden Group is learnt to have breached Centara Hotels and Resorts network. The company acknowledged the breach and said in a statement: “On 14th October 2021, we were made aware of an alleged cyber-attack threatening the security of the Centara Hotels & Resorts network. Immediately after receiving the notification, we appointed a reputable, digital […]
Can CISO’s and CIOs minimise Data Breaches?
The rapidly increasing cybersecurity incidents are becoming a matter of concern for organisations across different sectors. The cybersecurity market was valued at USD 156.24 billion in 2020, and it is expected to reach USD 352.25 billion by 2026, registering a CAGR of 14.5 per cent during 2021-2026. The trends for IoT, BYOD, AI, and machine […]