CFOtech Australia - Technology news for CFOs & financial decision-makers

Cybercrime stories - Page 19

Any use of network connected electronic devices such as computers or smartphones for criminal activity is classified as cybercrime. With a long history starting with the misuse of telephone systems (such as ‘phreaking’), cybercrime today includes the creation and distribution of viruses, ransomware, keyloggers and other malware, the download and use of malware produced by others, social engineering tactics such as phishing or (physical) impersonation, the theft and use of credentials for accessing computer systems or networks, and the theft of privileged data. Cybercrime is a broad and dynamic field, with cybercriminals constantly adapting their methods in pursuit of usually financial goals, but also occasionally seeking to disrupt, embarrass or shame their targets.
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Qantas data breach highlights need for strong risk management

Thu, 3rd Jul 2025
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Qantas's robust data management at least identified a recent breach via a third party, protecting sensitive customer information amid rising cyber threats.
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Qantas cyberattack raises concerns for 6 million customers

Thu, 3rd Jul 2025
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Qantas has revealed a cyberattack may have exposed personal data of up to 6 million customers, raising serious security concerns during peak travel.
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Ransomware threats surge as phishing grows, damages may hit $275 billion

Thu, 3rd Jul 2025
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Ransomware attacks via phishing have surged 57.7%, with damages expected to hit $275 billion by 2031, urging firms to bolster human defences now.
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Australian firms increase AI use in cybersecurity despite new risks

Thu, 3rd Jul 2025
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Sixty-two percent of Australian firms now use AI in cybersecurity, despite 87% fearing it may raise cyber risk in the next three to five years, research shows.
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Cybercriminals use GenAI, v0.dev to launch advanced phishing

Wed, 2nd Jul 2025
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Cybercriminals are exploiting GenAI and Vercel's v0.dev to rapidly create realistic phishing sites, raising the threat of large-scale, sophisticated attacks.
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Qantas latest in string of cyber attacks on the aviation sector globally

Wed, 2nd Jul 2025
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A significant cyber-attack on Qantas exposed personal data, highlighting a rising wave of airline breaches by the financially motivated hacker group Scattered Spider.
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Qantas cyber breach highlights urgent need for supply chain security

Wed, 2nd Jul 2025
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A cyber breach at Qantas, traced to a third-party supplier, underscores urgent calls for stronger supply chain security across Australia's digital networks.
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AI drives 80 percent of phishing with USD $112 million lost in India

Tue, 1st Jul 2025
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AI powers 80% of phishing attacks, causing USD $112 million in losses in India by May 2025, as cybercrime evolves with machine-generated deception.
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“Missed package?” Scam fooling thousands

Mon, 30th Jun 2025
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advanced persistent threat protection
Thousands of Kiwis are falling victim to evolving package delivery scams exploiting busy inboxes with fake DHL and NZ Post emails.
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APRA tightens the cyber screws: What's next for super funds and their partners?

Fri, 27th Jun 2025
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risk & compliance
APRA demands super funds boost cyber security, mandating multi-factor authentication by August 2025 to protect member savings from rising cyber threats.
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Digital identity urged as cyber fraud rocks Australian real estate

Fri, 27th Jun 2025
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Cyber scams and payment fraud are surging in Australian real estate, prompting experts to push for digital identity solutions to boost security and cut risks.
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Eftsure acquires Sis ID to create global payment protection giant

Fri, 27th Jun 2025
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cybersecurity
Eftsure has acquired Sis ID to form the world's largest business payment protection platform, covering 30+ countries and 3,500+ clients globally.
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Cybercrime surge hits technology sector as AI & supply chain attacks rise

Thu, 26th Jun 2025
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Cybercriminals increasingly target tech firms using AI, supply chain attacks, and stolen credentials, with ransomware surging 10% weekly worldwide, says Trustwave.
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Retail ransomware attacks surge 40% as Safepay tops threats

Thu, 26th Jun 2025
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Ransomware attacks on retail surged 40% in May, with Safepay emerging as the top threat actor amid shifting cyber risks globally, NCC Group warns.
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Lumenir launches new site to boost SIEM-as-a-Service in Australia

Thu, 26th Jun 2025
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advanced persistent threat protection
Lumenir Cybersecurity has launched a new website to enhance its SIEM-as-a-Service offering, aiming to boost local threat detection and data sovereignty in Australia.
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Akamai tool disrupts cryptominer botnets, cutting USD $38K

Wed, 25th Jun 2025
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network security
Akamai unveiled a tool that disrupts cryptominer botnets, slashing malicious operators' earnings by USD $38,000 through innovative bad share tactics.
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Australian firms face surge in AI cyber threats amid skill gaps

Tue, 24th Jun 2025
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Australian firms report a sharp rise in AI-powered cyber attacks, with over half facing more complex threats amid cybersecurity skill shortages and limited budgets.
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World's largest data breach exposes 16 billion credentials

Sat, 21st Jun 2025
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A massive data breach exposing 16 billion credentials from major firms and government services signals severe global digital security flaws.
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Australia faces surge in AI-powered cyber threats & espionage

Fri, 20th Jun 2025
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digital transformation
Australia faces a rise in AI-driven cyber threats and state-sponsored espionage, calling for stronger defences and intelligence-led cybersecurity strategies.
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Over half of spam emails now generated by AI, new study finds

Fri, 20th Jun 2025
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email security
New research finds AI now generates over half of spam emails and 14% of business email compromise attacks, enhancing their sophistication and evasion.