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

Extortion stories

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Australian organisations face rising threat from top ransomware groups

Last week
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Australian organisations face increasing ransomware threats from top groups like Qilin, Akira, Scattered Spider, impacting sectors from healthcare to education and business.
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Ransomware & state threats surge in Europe, warns CrowdStrike

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European organisations faced a sharp 2024 rise in ransomware and state-backed cyberattacks, with 22% of global victims, says CrowdStrike's latest report.
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Ransomware attacks surge 28% in September as Industrials sector hit hardest

Last month
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Global ransomware attacks surged 28% in September, with Industrials hardest hit, as cyber criminals ramp up efforts ahead of the busy holiday season.
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Extortion and ransomware drive over half of cyberattacks

Last month
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Over half of cyberattacks last year were driven by extortion or ransomware, with criminals focusing on financial gain rather than espionage, Microsoft reveals.
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Australia ranks high in cyberattacks as AI fuels new risks

Last month
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Australia ranks tenth globally for cyberattack frequency, with AI fueling a rise in ransomware and extortion, Microsoft reports in its 2025 Digital Defence Review.
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Teens charged in SCATTERED SPIDER cyber attacks as experts warn of ongoing risks

Wed, 24th Sep 2025
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Two UK teenagers linked to SCATTERED SPIDER have been charged for cyberattacks disrupting Transport for London, amid ongoing global cyber threats.
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Ransomware attacks in Australia soar by 110%, says Zscaler report

Wed, 10th Sep 2025
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Ransomware attacks in Australia have surged 110% year-on-year, with manufacturing, healthcare, and government sectors hit hardest, says Zscaler report.
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Data exfiltration pushes ransomware payouts past USD $1 million

Wed, 13th Aug 2025
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Ransomware payouts have surged past USD $1 million in Q2 2025, driven by data exfiltration and social engineering in targeted attacks on mid-sized firms.
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E-waste hacking: The unknown data security crisis

Wed, 4th Jun 2025
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Australian e-waste, tripling the global average, presents rising cybersecurity risks, with 10-20% of breaches linked to improper disposal of old devices.
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The Ransomware Threat: How to respond and protect your organisation

Mon, 19th May 2025
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Ransomware attacks in Australia surged in 2023–24, costing businesses up to AUD $97,200 on average, urging firms to bolster cyber defences and response plans.
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Coinbase offers USD $20 million bounty after insider data breach

Fri, 16th May 2025
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Coinbase says a data breach affected around 1% of users, with cybercriminals demanding a USD $20 million ransom, which was firmly rejected by the firm.
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Scattered Spider hackers shift focus from UK to US retailers

Fri, 16th May 2025
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Cybercriminal group Scattered Spider, known for targeting UK retailers, has shifted focus to major US retailers, raising fresh cybersecurity concerns.
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Zero-day hackers shift focus to enterprise tech in Google's report

Thu, 1st May 2025
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Google's GTIG reports 75 zero-day exploits in 2024, highlighting a rising threat to enterprise tech despite a slight overall decrease from 2023.
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Cybercrime losses soar to USD $16.6 billion in 2024, outpacing US box office

Thu, 24th Apr 2025
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Cybercrime surged to USD $16.6 billion in 2024, outpacing major US industries and spotlighting social engineering and older victims as prime targets.
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Google warns of rising global threat from N Korean IT ops

Wed, 2nd Apr 2025
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A report by Google highlights a surge in North Korean IT operations, now expanding beyond the US to target firms and governments in Australia and Europe.
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BlackFog launches first anti-data exfiltration for macOS

Wed, 19th Feb 2025
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BlackFog has launched its groundbreaking anti-data exfiltration solution for macOS, aiming to protect against the rising tides of ransomware and AI-driven cyber threats.
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Cybersecurity in 2025: A Landscape of Evolving Threats and Strategic Shifts

Thu, 30th Jan 2025
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As 2025 approaches, businesses face an evolving cybersecurity landscape marked by geopolitical tensions and sophisticated cybercrime threats, demanding urgent strategies.
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Google report reveals rising cloud data security threats

Fri, 24th Jan 2025
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Google Cloud Security's latest report reveals a surge in cloud data threats, with actors refining tactics for data exfiltration and identity exploitation.
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Gen foresees rising AI-driven scams & identity risks by 2025

Thu, 5th Dec 2024
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Gen's cybersecurity predictions for 2025 highlight a surge in identity theft and hyper-personalised scams driven by AI advancements and major breaches.
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Akamai enhances cloud security & zero trust solutions

Fri, 22nd Nov 2024
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Akamai Technologies has enhanced its cloud security solutions, improving application performance and visibility for users on AWS and Azure amid rising cyber threats.