A former international security expert says every business is vulnerable, so deciding whether to pay a ransom is a difficult decision they must consider.
The former international security expert and current head of Ashurt’s cyber risk consulting arm is one of Australia’s leading go to advisors when a major cyberattack hits.have executives and boards scrambling to batten down their hatches. Optus was asked to pay a ransom of $US1 million and Medibank is facing an expected multimillion-dollar demand.
”The temptation is to think about the issue as only cyber, but it’s actually a data and privacy issue,” he says. “That is the bigger issue for large organisations in Australia.”Companies should map out their organisation’s regulatory obligations to collect, retain and delete personal data.Dennis Su, 19, was charged over alleged attempted misuse of stolen Optus customer data in a text message scam.
“If you’re an electricity company and the power grid goes out, or your system go down, or you are a bank and your payment system goes down, that has an immediate operational impact,” he says.These attacks help explain why such a shocking number of companies pay up. A recent McGrath Nicoll report found about“There are a lot of attacks on small and medium-sized companies that don’t have great back-ups or good encryption,” Macpherson says.
“There is a pressure and an expectation to communicate with certainty,” Macpherson says. “But it takes weeks to get that certainty.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SBW's sparring session with AFL 'freak of nature'Keep your eyes peeled. This AFL superstar could be making the switch. 🥊
Read more »
'Be on the lookout': Cybersecurity expert warns of future data breaches after Optus and Medibank hacksInternational computer-hacking syndicates will be eyeing off more Australian targets after a string of recent data breaches, a cybersecurity expert says. DanConifer xiaoalison abc730
Read more »
Ongoing impact of COVID-19 revealed in a new studyA new report has shed light on the ongoing impact of COVID-19, revealing that people living with lung disease or other chronic conditions are still experiencing ongoing symptoms after their initial infection. 9News
Read more »
Opponents fume at 'unfair' Kohli 'fake'Virat Kohli let rip with an apparent throw to the bowler's end. 👀 It was an 'unfair' move that should have cost his team five runs, according to an angry Bangladesh. 😲 9WWOS
Read more »
AFL pledges league-wide racism ‘response’ will happen; ‘Amy’ unmoved by AFL stanceFour Indigenous families are considering their position following the AFL’s public response on Saturday to their plea for an independent league-wide review of the AFL’s handling of racism. | Pierik_AgeSport
Read more »