It is official: New rule puts onus on contractors to tighten IT security
It is nice to spot new development in cyber security as most Asian nations are building strong capabilities in people and computer skills as well as infrastructure. The strategy, launched by Prime Minister Malcolm Turnbull in April, came with an acknowledgement Australia was prepared to take offensive action to protect the national interest.
Australia's cyber security strategy must be strengthened says national report
Hacker Site Removes 117 Million LinkedIn Passwords After Legal Threat
360 million Myspace accounts and 65 million Tumblr accounts, including email addresses, usernames and passwords have turned up for sale on the darkweb, including the private information of Australian users dating back to both sites' inception. In what may be one of the biggest breaches of all time, Time Inc, the parent company of Myspace, confirmed it was hacked in June 2013, and that the data has only now appeared for sale. "Shortly before the Memorial Day weekend, we became aware that stolen Myspace user login data was being made available in an online hacker forum," the site announced in a blog post
Myspace, Tumblr hacked: Hackers sell 425 million users' data on darkweb
Australia's three largest listed insurers – QBE, IAG and Suncorp – could share more client data with each other, and their smaller rivals, via a beefed-up fraud prevention bureau in a bid to stem an estimated $2 billion a year in losses. More sophisticated information sharing is needed between competitors to help thwart scammers and help stem a rise in fraudulent claims that is pushing up premiums for honest consumers. That is the advice from head of a recent British government insurance fraud taskforce David Hertzell, who is in Australia to address a gathering of industry heavyweights in Sydney on Tuesday on ways to deter fraud.
UK insurance fraud expert David Hertzell tells IAG, QBE & Suncorp to share data
Transforming something as complex as the financial is a tall order, but as any student of IT history can tell you, the emergence of technologies can bring together key. … I finished my remarks to the Commission by noting that the emergence of an technology can serve as a catalyst to propel change forward by bringing key together.
Fingerprinting The World’s Hackers via Mas
“The Electronic Frontier Foundation (EFF) urged the Federal Communications Commission (FCC) today to update privacy rules to prevent broadband Internet access service providers from recording and sharing their customers’ every move online. EFF’s comments are part of the FCC’s rulemaking on consumer privacy and telecommunications services. As broadband providers are uniquely positioned to track every communication and activity—often in real time—the FCC is proposing to update current telecom policy to protect the privacy and security of consumers.
The head of the Association of British Insurers has called on the government to create a database where companies would have to record details of cyber attacks.