Cyber News

Breached data of Australian consumers for sale on public forums

The high-profile Medibank, Optus, and MyDeal breaches are only the tip of the iceberg when it comes to data exposed due to cyber threats and hacks in Australia. The highly sensitive data and information of Australians are being traded online, ABC Investigations reports. This data includes logins for Australian Tax Office accounts, along with medical […] Read more

When a breach compromises client data: Lessons from Medibank

An update on a big breach in Australia has come on the heels of news of other breaches (see: Optus breach and Woolworths breach). Medibank Private Ltd, Australia’s biggest health insurer, has announced that a cyber hack compromised the data of all of its customers. Nearly 4 million customers had their data compromised, meaning all […] Read more

Data Breach: The MyDeal Breach in Australia

Following the Optus breach, retail giant Woolworths have suffered a data breach in one of its subsidiaries. Woolworths says 2.2 million MyDeal customers’ details were exposed in a data breach. MyDeal is an online retail marketplace and is a subsidiary of the Woolworths Group. How did the breach happen? According to the company, a compromised […] Read more

What the Optus breach means for Accounting firms

The Optus breach has been all over the news, social media, your inbox. But what does this breach mean for accountants like yourself? More than 2 million people have had their data leaked in the recent breach. Let’s take a look at what the data leaked was: Government identification numbers Email addresses Date of birth […] Read more

The 2022 Australian Cyber Security Landscape

The cyber security landscape is changing in Australia, is your accounting firm up to date? In May 2022, the Federal Court stated that the onus of reducing cyber security risk and management falls on financial services firms. The decision came after the Federal Court ruled that an Australian Financial Services licensee had breached their license […] Read more
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