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Cybersecurity

This Month

The old feature, still enabled on mobile phone networks around the world, allows attackers to divert voice calls if they can fool phone owners into clicking on a malicious link.

Little-used mobile phone feature exposes new scam threat

A newly discovered security risk that exploits 19-year-old mobile phone technology might let scammers bypass identity checks for banking and email.

  • John Davidson
Fusion5 is the latest technology business to hit the auction block.

BGH Capital to acquire Waterman Capital’s IT biz Fusion5

Street Talk understands the private equity firm is in the final stages of negotiations New Zealand private equity investor Waterman Capital.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
ACSI chief executive Louise Davidson warns that funds expect it to be “challenging” for executives to get bonuses rather than “business as usual”.

Make it harder for CEOs to get big salaries, bonuses: super funds

Executives should only get bonuses for outperformance, and not for business as usual, the Australian Council for Superannuation Investors says.

  • Hannah Wootton
Due to the increasing rates and complexity of attacks, it’s almost inevitable that Australian businesses will face a data breach or ransomware attack at some point.

Industry super fund sanctioned over ‘significant cybersecurity deficiencies’

APRA ordered the fund to bring in external advisers to help improve its cyber defences after a hack and multiple reviews found issues.

  • Hannah Wootton

November

There is more demand for cyber security than supply, but Australia’s big general insurers are not jumping in to cover the gap.

The one risk big insurers won’t take

There may be strong demand for cyber insurance, but the local sector is not running towards that fire. Even if it is a growing piece of the insurance pie.

  • Anthony Macdonald
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The details of patients’ tests were leaked on to the dark web after the ACL breach.

Sexual health and fertility details leaked in ACL data breach

ASX-listed pathology provider Australian Clinical Labs faces potentially millions of dollars in fines for failing to protect sensitive financial and health data.

  • Paul Smith
DP World’s Port Botany facility

Minister lashes DP World hack failure

“A known problem, with a known patch – Australia needs to do better than this,” said Home Affairs Minister Clare O’Neil after an update from DP World.

  • Max Mason and Nick Bonyhady
Jen Easterly, director of the US Cybersecurity and Infrastructure Security Agency.

AI ‘security’ put ahead of ‘cool features’ in 18-nation deal

The US says it is the first detailed international agreement on how to keep artificial intelligence safe from rogue actors.

  • Raphael Satter and Diane Bartz
The bank’s cuts to its branch network will help fund the fight against cybercrime.

Virgin Money plans $250m barricade against AI-powered cybercrime wave

The ASX-listed British challenger bank says every financial institution will need to tool up against the AI- and quantum-enabled threat.

  • Hans van Leeuwen

Australia’s watered-down cybersecurity regime is laughable

Despite ballooning cyber intrusions and rampant data breaches, scams and identity theft, policymakers and ministers have continued to rely on voluntary efforts.

  • Tom Burton
Home Affairs Minister Clare O’Neil.

Government turns around its Optus cyber debacle

Clare O’Neil’s cyber strategy is a strong first step to raising national standards, tackling plenty of areas where businesses need help, and leaving room for further reform.

  • Paul Smith
Clare O’Neil unveils the cyber strategy in Sydney on Wednesday.

Ban on paying hacker ransoms is inevitable, but not yet: Labor

After industry resistance, Home Affairs Minister Clare O’Neil says Australian firms aren’t prepared for a ban on paying off cyber criminals to get data back.

  • Andrew Tillett and Paul Smith
Cyber security researchers are sounding an alarm about the hacking community’s answer to ChatGPT, a new generative AI tool dubbed WormGPT.

Government hits back at cybercriminals with $600m boost

Businesses will face a no-fault, no-liability reporting obligation to report ransomware attacks, while a new investigative body will probe cyberattacks

  • Andrew Tillett
Local managing partner Jason Denisenko.

Allen & Overy says extent of cyberattack is still unclear

The Australian arm of the global law firm says it will inform local clients of any impact to their data “as soon as we can”.

  • Maxim Shanahan
How I Made It with Kevin Gosschalk

Why this Young Rich Lister shuns Australian investors

“When you find something you really enjoy, sleeping really just gets in the way,” says Kevin Gosschalk, the Young Rich Lister behind Arkose Labs.

  • Julie-anne Sprague
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Arlo Ultra

New star rating system to help secure home devices

Default passwords will be banned and a mandatory cyber rating system for consumer internet-connected appliances are to be part of a new cyber strategy to be released next week.

  • Tom Burton
DP World’s rosters have not changed since 1983.

DP World flags first roster change in decades

The stevedore will impose new rosters to better respond to the 24/7 economy, but the move could inflame an already tense industrial dispute disrupting goods.

  • Updated
  • David Marin-Guzman
Federal data and privacy regulator Angelene Falk.

The woman at the heart of your data protection

Amid rapid technology change, federal privacy and information commissioner Angelene Falk has had to learn how to anticipate the harmful effects on consumers.

  • Tom Burton
Minister for Home Affairs and Minister for Cyber Security Clare O’Neil and National Cyber Security Coordinator Air Marshal Darren Goldie.

Cybersecurity chief on leave over ‘workplace matter’ probe

Air Marshal Darren Goldie has suddenly been recalled to the Defence Department as he faces potential disciplinary action.

  • Andrew Tillett
DP World said it was still working with cybersecurity advisers to investigate the hack.

Hackers stole DP World data, patch lapse blamed

The stevedore said its data had been “exfiltrated” during a cybersecurity breach that probably stemmed from failure to patch a widely known security flaw.

  • Nick Bonyhady and David Marin-Guzman