Cybersecurity Budgets and Benchmarks for Financial Institutions While cybersecurity budgets at financial services institutions are constrained compared with previous years, fundamental concerns still dominate priorities, according to a recent survey report. Digital transformation is the top business driver for cybersecurity, but respondents indicate that regulatory pressure is increasing and gaining in importance. Further, it seems cybersecurity […]
Phishing Attacks: Australians Arrested In Cybercrime Operation Australians reported a massive number of phishing attacks in 2023 – over 108,000 according to Scamwatch. These attacks resulted in staggering losses of $26 million. This doesn’t account for the hidden costs associated with data breaches, such as reputational damage and lost productivity. A recent global takedown of
Urgent Patch Needed for Cisco Firewall Vulnerabilities (ArcaneDoor) Cisco Releases Security Updates Addressing ArcaneDoor, Vulnerabilities in Cisco Firewall Platforms Businesses and organisations relying on Cisco’s Adaptive Security Appliance (ASA) and Firepower Threat Defence (FTD) firewalls are being advised to take immediate action to protect themselves from a sophisticated cyber-attack campaign dubbed ArcaneDoor. This campaign is
Recently a new client and The CIO for a not-for-profit were faced with a common problem. Overburdened by their daily tasks and project deadlines, the CIO and IT Team struggled to find time for proactive network monitoring, a critical step in cybersecurity. Adding staff wasn’t an option due to budget constraints. Outsourcing firewall management, another
New research by cybersecurity firm Claroty has unveiled several alarming trends in the global healthcare sector. The findings suggest a growing number of vulnerabilities that could have profound implications for Australia’s hospitals and health clinics. According to the research, nearly a quarter (23%) of all healthcare devices, particularly those used in imaging and surgery, have
The cybersecurity landscape is ever evolving, with attackers constantly developing new tactics. Here at CommuniCloud, we believe in staying ahead of the curve. That’s why we’re excited to discuss the growing role of Artificial Intelligence (AI) in cyber defence. AI is transforming cybersecurity by offering: Enhanced Threat Detection: AI can analyse vast amounts of data,
This message is to inform you about a critical security vulnerability in Fortinet’s FortiClient EMS software. The vulnerability is rated 9.8, indicating a severe risk. It exposes systems to potential SQL injection attacks. Summary of the Vulnerability CVE-2023-48788 is a critical SQL injection vulnerability discovered in Fortinet devices, potentially enabling remote attackers to execute commands
Financial institutions may seem to be catching a break with cyberattacks decreasing overall, but a new report reveals a chilling truth – criminals are getting smarter and they’re exploiting existing user accounts. Strong identity management is critical to stopping them. Financial institutions are no strangers to cyberattacks, but a new report reveals a worrying trend:
In the ever-evolving digital landscape, ensuring the security of your organisation’s IT infrastructure is paramount. However, managing and resolving security alerts across your entire IT estate can be a daunting task. This is where the Security Operations Centre as a Service (SOCaaS) emerges as a crucial solution. Understanding SOCaaS: SOCaaS, often dismissed as a mere
ASIO director general Mike Burgess has drawn on last November’s Optus outage to illustrate the fragility of Australia’s critical infrastructure networks to attacks by foreign “crack cyber teams”. Delivering his annual threat assessment yesterday, Burgess didn’t name Optus, and emphasised that the outage wasn’t due to a cyber attack, but he said: “Services that people
