French retail giant Auchan has confirmed a second major data breach in less than a year, exposing the personal information of several hundred thousand loyalty program members. The attack follows a similar incident in November 2024, raising concerns about the company's cybersecurity posture.
A widespread cyberattack has paralyzed Nevada's state government, forcing the closure of DMV offices, disrupting public services, and triggering a joint state and federal investigation. The attack, has taken down websites and phone lines, with no clear timeline for full restoration.
Nvidia’s earnings mark more than a financial milestone, testing America’s technological edge as AI chips redefine markets and geopolitics. With record revenue projected, export curbs, AMD’s rise, and government stakes, the semiconductor race extends far beyond Wall Street.
ASIC's Cyber Pulse Survey 2023 shows a low cyber maturity score of 1.66/4, highlighting reactive approaches to cyber risks. ASIC calls for improved resilience, aligning with the SIX Shields Cyber Strategy 2030 and global trends for stronger cybersecurity practices.
The Australian Securities and Investments Commission (ASIC) unveiled the Cyber Pulse Survey 2023 in November, providing a critical evaluation of Australia's corporate cybersecurity posture. The survey revealed a concerning trend: with an average cyber maturity score of 1.66 out of 4, most organisations are reacting to cyber risks rather than proactively managing them. This assessment, derived from measures of governance, risk management, information asset protection, and incident responsiveness, signals a pressing need for enhanced cyber resilience.
ASIC Chair Joseph Longo stressed the importance of resilience, advocating for regular and rigorous testing of cybersecurity plans. This stance is part of ASIC's larger mission to pinpoint and address industry-specific cyber vulnerabilities, guiding an overall improvement in cyber resilience. The survey's individual reports, received by 95% of participants, provide valuable insights for organisations to gauge their cybersecurity standing against industry benchmarks.
The findings from the survey are pivotal in shaping both ASIC's and the Federal Government's strategic policies, particularly in light of the SIX Shields Cyber Strategy 2030. Endorsed by key figures like Clair O'Neill, this comprehensive strategy aims to enhance the security and handling of financial institutions, addressing emerging concerns in corporate Australia highlighted in the latest regulatory reports.
ASIC's report offers tailored guidelines for organisations, establishing a baseline standard for cybersecurity practices. These standards are expected to influence ASIC's future regulatory actions. Key recommendations include conducting risk assessments, establishing contractual obligations with third parties, identifying critical business services, and implementing advanced encryption and email security practices. The report, useful for both technology experts and leadership teams, outlines red flags and provides practical guidance for meeting minimum standards.
ASIC's regulatory expansion into cybersecurity was notably exemplified in 2020 with action against RI Advice for inadequate cyber protections, a case that set a precedent for future regulation. This expansion aligns with global trends, paralleling initiatives in the U.S. and emphasising the proactive management of cyber risks.
ASIC's ASIC's approach parallels regulatory tightenings seen in the U.S., underscoring a global trend towards heightened cybersecurity vigilance. Like its American counterpart, ASIC is placing increased emphasis on directors' responsibilities to proactively mitigate cyber risks.
In his address at the Australian Financial Review Cyber Summit, Longo warned of potential enforcement actions against boards and directors who neglect cybersecurity and cyber resilience. This stance highlights ASIC's commitment to an "active approach" in managing cyber risks, particularly concerning third-party dependencies.
The Cyber Pulse Survey 2023 and the alignment with the SIX Shields Cyber Strategy 2030 mark a critical juncture in corporate Australia's approach to cybersecurity. This shift towards a more resilient, proactive stance is in line with global trends and reflects a deeper understanding of cybersecurity's importance in the corporate sector.
As regulatory bodies evolve their strategies, companies are encouraged to bolster their cyber defences and align with these new standards, ensuring protection against the dynamic and challenging landscape of cyber threats.
Cyber incidents in the Asia-Pacific have surged 29% in the past year, with Australia facing major breaches at the University of Western Australia and Qantas. Manufacturing is the top target, deepfakes are on the rise, and experts warn the region is in a digital arms race demanding urgent action.
ASIO’s $12.5 billion espionage warning is more than a tally of stolen secrets. It reveals a national digital crisis. With 24 major spy operations disrupted and identity systems exposed, Australia’s critical infrastructure and social services face a growing risk of collapse from unseen cyber threats.
Singapore is responding to a cyberattack by UNC3886, a China-linked espionage group targeting critical infrastructure. Minister K. Shanmugam confirmed the threat is serious and ongoing, as the CSA leads investigations to protect national services from long-term disruption.
Australia has become one of the first countries to mandate AS IEC 62443 standards by law, transforming healthcare cybersecurity into a legal obligation. The move marks a critical shift toward operational resilience and positions patient safety at the center of cyber strategy.
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