This article is from the source 'guardian' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at https://www.theguardian.com/australia-news/2017/oct/10/australia-warns-businesses-about-sophisticated-cyberattacks

The article has changed 3 times. There is an RSS feed of changes available.

Version 0 Version 1
Australia warns businesses about sophisticated cyberattacks Australia warns businesses of more sophisticated cyberattacks
(4 months later)
Minister cites hacked company with national security links in speech highlighting growing threat of cybercrime
Amy Remeikis
Mon 9 Oct 2017 18.01 BST
Last modified on Mon 9 Oct 2017 18.02 BST
Share on Facebook
Share on Twitter
Share via Email
View more sharing options
Share on LinkedIn
Share on Pinterest
Share on Google+
Share on WhatsApp
Share on Messenger
Close
An Australian company with contracting links to national security projects was caught up in one of 47,000 cybercrime incidents across the nation in the past year.An Australian company with contracting links to national security projects was caught up in one of 47,000 cybercrime incidents across the nation in the past year.
The unnamed business serves as Dan Tehan’s warning to all companies that cybercrime is on the rise in Australia – and could affect anyone, as he launches the Australian Cyber Security Centre’s (ACSC) 2017 threat report.The unnamed business serves as Dan Tehan’s warning to all companies that cybercrime is on the rise in Australia – and could affect anyone, as he launches the Australian Cyber Security Centre’s (ACSC) 2017 threat report.
In a speech to the National Press Club on Tuesday, the minister assisting the prime minister for cybersecurity will warn that in the past year, ACSC recorded a 15% increase in cyber incidents from the year before.In a speech to the National Press Club on Tuesday, the minister assisting the prime minister for cybersecurity will warn that in the past year, ACSC recorded a 15% increase in cyber incidents from the year before.
Scams and frauds continue to rise despite the warnings, jumping by more than 20% in the past year, and accounting for more than half of all cybercrimes.Scams and frauds continue to rise despite the warnings, jumping by more than 20% in the past year, and accounting for more than half of all cybercrimes.
Tehan reports 7,238 cybersecurity incidents hit Australian businesses in the last financial year, while 734 were attacks on “private sector systems of national interest and critical infrastructure providers”.Tehan reports 7,238 cybersecurity incidents hit Australian businesses in the last financial year, while 734 were attacks on “private sector systems of national interest and critical infrastructure providers”.
Among those was a business Tehan cited as an example that no one was immune – a company with links to national security projects hit by a “malicious cyber actor” in November 2016 through an unsecured network.Among those was a business Tehan cited as an example that no one was immune – a company with links to national security projects hit by a “malicious cyber actor” in November 2016 through an unsecured network.
“ACSC analysis confirmed that the adversary had sustained access to the network for an extended period of time and had stolen a significant amount of data,” Tehan’s speech says. “The adversary remained active on the network at the time of the ACSC investigation.“ACSC analysis confirmed that the adversary had sustained access to the network for an extended period of time and had stolen a significant amount of data,” Tehan’s speech says. “The adversary remained active on the network at the time of the ACSC investigation.
“Analysis showed that the malicious actor gained access to the victim’s network by exploiting an internet or public-facing server, which they accessed using administrative credentials.“Analysis showed that the malicious actor gained access to the victim’s network by exploiting an internet or public-facing server, which they accessed using administrative credentials.
“Once in the door, the adversary was able to establish access to other private servers on the network.”“Once in the door, the adversary was able to establish access to other private servers on the network.”
But of greatest concern to Tehan was the growing sophistication of the attacks, which he described as “more elaborate than the attacks we have seen in previous years”.But of greatest concern to Tehan was the growing sophistication of the attacks, which he described as “more elaborate than the attacks we have seen in previous years”.
“It is clear that the malicious actors looking to target major systems and critical infrastructure are increasing the sophistication of their vectors,” his speech notes say.“It is clear that the malicious actors looking to target major systems and critical infrastructure are increasing the sophistication of their vectors,” his speech notes say.
“But they are not alone. Like nation states, cybercriminals are using more complex methods to target businesses, large and small. In particular they are using increasingly personalised techniques to trick their victims.”“But they are not alone. Like nation states, cybercriminals are using more complex methods to target businesses, large and small. In particular they are using increasingly personalised techniques to trick their victims.”
The full ACSC report will be released on Tuesday.The full ACSC report will be released on Tuesday.
Australian security and counter-terrorism
Cybercrime
Internet
news
Share on Facebook
Share on Twitter
Share via Email
Share on LinkedIn
Share on Pinterest
Share on Google+
Share on WhatsApp
Share on Messenger
Reuse this content