A survey by Statistics Canada has found the cost of being hit with a cybercrime has risen substantially and creates burdensome business overheads. The survey, titled “The Changing Landscape of Cyber Security Following the COVID-19 Pandemic,” found the average cost of dealing with a cybercrime rose to $19,000 in 2021, compared to $11,000 just two…
Cybercrime Getting More Costly for Businesses, StatCan Survey Shows
A survey by Statistics Canada has found the cost of being hit with a cybercrime has risen substantially and creates burdensome business overheads. The survey, titled “The Changing Landscape of Cyber Security Following the COVID-19 Pandemic,” found the average cost of dealing with a cybercrime rose to $19,000 in 2021, compared to $11,000 just two…
Microsoft’s Contract With Government Agencies Under Fire Following Chinese Cyber Attacks
July 14, 2023
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After Chinese hackers were able to hack into U.S. government email accounts last week, Microsoft’s security systems are now under fire from Congress. A cyber gang based in China was accused of stealing emails from senior U.S. officials in a major security breach through a weakness in Microsoft MSFT.O software. The attacks were allegedly able…
Australian State Government’s Data Posted on Dark Web
July 14, 2023
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Highly sensitive data from the Victorian government has been published on the dark web after the information was stolen during a cyber attack on an affiliated law firm. HWL Ebsworth, a top Australian law firm, said it became a target of cyberattack by a Russian hacking group earlier this year when a threat actor identified…
US Government Hit in Global Hacking Campaign
The nation’s cyber watchdog agency reported that the U.S. government was the target of a global hacking campaign that exploited a vulnerability in widely used software on June 15. However, the agency does not anticipate the attack to have a significant impact. Eric Goldstein, the executive assistant director for cybersecurity at the U.S. Cybersecurity and…
Chinese Hackers Targeted US Infrastructure, Warn Five Eyes, Including Canada
State-sponsored hackers from China have been targeting U.S. critical infrastructure, cybersecurity officials from around the world, including Canada, warned Wednesday in a co-ordinated effort to root out the perpetrators. The Canadian Centre for Cyber Security was just one of several international agencies, all of them part of the Five Eyes intelligence alliance, that took part…
Cyber Rasom Attack on Cancer Clinic Shows Australia Still Struggling With Cybersecurity
Hackers are continuing to target Australia, with the latest attack on a major cancer clinic in Sydney demonstrating that institutions across the country are still falling behind well behind in their cybersecurity. New South Wales (NSW) Health said they were alerted to a Medusa ransomware attack on the Crown Princess Mary Cancer Centre on Thursday and are…
Cyber Ransom Attack on Cancer Clinic Shows Australia Still Struggling With Cybersecurity
Hackers are continuing to target Australia, with the latest attack on a major cancer clinic in Sydney demonstrating that institutions across the country are still falling behind well behind in their cybersecurity. New South Wales (NSW) Health said they were alerted to a Medusa ransomware attack on the Crown Princess Mary Cancer Centre on Thursday and are…
Chinese Hackers Outnumber US Cyber Agents ‘By at Least 50 to 1’: FBI Director Wray
During an April 27 appearance before the House Appropriations Committee, FBI Director Christopher Wray told the panel that Chinese hackers outnumber U.S. cyber specialists 50 to 1. On April 26, the House passed a bill that would address the brewing battle over the debt ceiling. As part of the spending package, the FBI would see…
Wagner-Like Russian Hacker Groups Want to ‘Destroy’ UK Infrastructure, Minister Warns
Russia-aligned cyber groups sympathetic to the invasion of Ukraine have been trying to disrupt or destroy the UK’s infrastructure, Chancellor of the Duchy of Lancaster Oliver Dowden said on Wednesday. In a keynote speech at the National Cyber Security Centre (NCSC)’s annual cyber security event in Belfast, Dowden said the NCSC is issuing an official alert about these…
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