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Breached data of Australian consumers for sale on public forums

The high-profile Medibank, Optus, and MyDeal breaches are only the tip of the iceberg when it comes to data exposed due to cyber threats and hacks in Australia. The highly sensitive data and information of Australians are being traded online, ABC Investigations reports. This data includes logins for Australian Tax Office accounts, along with medical […] Read more

FBI confirm Cuba Ransomware Group are targeting US financial services industry

The FBI and CISA have released a joint statement about the threat of the Cuba ransomware group. The Cuba Ransomware Group, who have no known association with the Republic of Cuba, is an active group that use ransomware to steal data, encrypt it, and demand that victims pay a certain amount to have their data […] Read more

Responding to a data breach: What the ACSC recommends

Recent cyber breaches have shone a spotlight on the importance of data security. From the Optus breach, to the MyDeal one, and to the most recent Medibank hack, it’s emphasised now more than ever that any firm privy to client data should take their data custodian duty seriously. In light of these cyber events, the […] Read more

Protecting your accounting firm from email fraud and compromise

There was a 150% year-on-year increase in Business Email Compromise (BEC) attacks from 2021 to 2022, according to a report by Abnormal Intelligence. Business Email Compromise, or BEC attacks, are sophisticated scams that target businesses and individuals through social engineering or phishing emails. They are extremely convincing, sometimes even meaning that hackers have gained access to your email systems. […] Read more

When a breach compromises client data: Lessons from Medibank

An update on a big breach in Australia has come on the heels of news of other breaches (see: Optus breach and Woolworths breach). Medibank Private Ltd, Australia’s biggest health insurer, has announced that a cyber hack compromised the data of all of its customers. Nearly 4 million customers had their data compromised, meaning all […] Read more

Data Breach: The MyDeal Breach in Australia

Following the Optus breach, retail giant Woolworths have suffered a data breach in one of its subsidiaries. Woolworths says 2.2 million MyDeal customers’ details were exposed in a data breach. MyDeal is an online retail marketplace and is a subsidiary of the Woolworths Group. How did the breach happen? According to the company, a compromised […] Read more
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