Prime minister Julia Gillard has revealed more information about the recently announced Australian Cyber Security Centre (ACSC), which is to be established in Canberra this year.
Speaking to staff at the Defence Signals Directorate on January 24, Ms Gillard explained that the government will be placing an increased emphasis on vulnerability management as cyber security becomes more of a strategic asset for Australia.
It's no secret that the ramifications for an organisation that has been impacted by a cyber security breach can be far reaching, both in terms of reputational damage and financial impact.
This is a big part of the reason why regular security audit and penetration testing evaluations are so important towards ensuring that the private information of customers and employees is secure at all times.
Three European men have been indicted for their part in allegedly creating and distributing the infamous Gozi virus, which the FBI claims was "one of the most financially destructive computer viruses in history".
The Gozi virus was a piece of malware discovered in 2007, designed to collect and relay the personal bank account information of computer users back to a series of computer servers controlled by cyber criminals.
Organisations that follow the latest cyber security and vulnerability management news may be interested in the results of Akamai Technologies' latest State of the Internet report, released earlier this month.
According to the report, Akamai's Intelligent Platform registered attack traffic as coming from a total of 180 unique countries over the third quarter of 2012 – highlighting the fact that modern cyber security threats can come from any location in the world.
The South Carolina Department of Revenue (DOR) was in clean up mode this month following a serious security breach that saw the confidential information of 3.8 million state taxpayers compromised in the second half of last year.
In a notice issued January 11, the DOR offered anyone affected by the incident a free credit report as well as a complimentary credit monitoring service and identity theft resolution assistance.
Prime minister Julia Gillard has highlighted the importance of ongoing vulnerability management and cyber security, in a speech delivered on January 23 in Canberra regarding the future of Australia's national security.
In unveiling Strong and Secure: A Strategy for Australia’s National Security, Ms Gillard noted that it was the government's responsibility to ensure the safety and security of Australian citizens.
New statistics released on January 21 by Roy Morgan have indicated that more Australians than ever are now utilising a debit card, while the popularity of credit cards is on the decline.
According to the research firm, the number of Australians aged over 18 who hold a debit card has increased by 90 per cent over the last two years.
US restaurant chain Zaxby's was last week investigating a potential security incident which might have resulted in the leak of confidential customer credit and debit card information.
In a statement published January 11, the company confirmed that it had notified law enforcement after certain locations had identified "suspicious files" on their private servers.
In further news that highlights the value of achieving thorough vulnerability management through regular security audit evaluations, the University of NSW (UNSW) has confirmed it has recently been the target of malicious computer hackers.
A spokesperson for the University told the media that the first successful intrusion occurred on Christmas Day, with the affected server being quickly shut down on Boxing Day.
Unimutual risk manager Harry Rosenthal has highlighted cyber security threats as one of several key emerging risks which the Australian university sector is likely to face in 2013.
In his latest update, Mr Rosenthal noted that universities need to ensure that they are achieving sufficient levels of vulnerability management in order to mitigate the risk of being impact by a reputation-tarnishing IT failure of security breach.