cybersecurity

The CEO of P&N Bank has issued an apology over a data breach involving the West Australian bank’s customer relationship system which exposed personal identifying information of customers, including names, addresses, age, and account balances. The bank today revealed “criminal activity took place around 12 December 2019” during a server

Travelex

Australian banks which rely on Travelex to provide foreign currency services have been impacted by a ransomware attack on the UK-based company.  Travelex took all its systems offline when it first detected a software virus that had compromised some of its services on New Year’s Eve. The attack is still

Accenture has agreed to acquire Symantec’s cybersecurity services business from Broadcom.  The financial terms of this acquisition were not disclosed. According to Accenture, this acquisition will make its security arm one of the leading providers of managed security services, further enhancing its ability to help companies rapidly anticipate, detect and

Email and data security company Mimecast has acquired Segasec, a provider of digital threat protection.  According to Mimecast, with the acquisition of Segasec, it can provide brand exploit protection using machine learning to identify potential hackers at the earliest stages of an attack.  The solution also is engineered to provide

Australia’s external spending on cybersecurity products and services grew by eight per cent to A$3.9 billion in 2018, compared to six per cent growth in 2017, according to a new AustCyber report.  Global spending for cybersecurity will continue to soar over the next eight years by 88 per cent with

Secure Code Warrior has today announced a Series B funding round of AUD$70 million, led by Goldman Sachs with additional investors ForgePoint Capital and Cisco Investments, and new commitments from existing investors, Sydney-based AirTree Ventures and US-based Paladin Capital Group.   Sign up for Which-50’s Irregular Insights newsletter Founded in 2015

One year in to Australia’s controversial encryption busting laws, technology giants are still concerned about the potential “backdoors” being built in to communication systems by security agencies. Stephen Schmidt, CISO at Amazon Web Services, told Which-50 the American tech giant is still worried about the privacy and security consequences of

RMIT today announced it will open a Cloud Innovation Centre in 2020 aimed at tackling broad cybersecurity challenges with emerging technology.  The “Cyber Ready Cloud Innovation Centre” is a partnership between the Melbourne university, the federal government and Amazon Web Services (AWS), with the US company providing the cloud computing

hacker cyber security cybercrime crime

In a year which included a Royal Commission and the beginning of Open Banking, the biggest disruptive threat to Australia’s banks remained cybercrime, according to Monica Hovsepian, global industry strategist, financial services at OpenText, an enterprise information management software company. “Cybercrime is currently rife in the industry,” Hovsepian told Which-50,

Cybersecurity is considered one of the biggest threats to the world economy, but according to Australian researchers at State of Play, it will take a catastrophic event for it to be taken seriously in the mining industry. Through interviews, survey and deep analysis of Australia’s largest mining and service companies,