Cyber breaches show companies are playing data roulette

You could be forgiven for thinking Australia was suddenly under cyber assault, but the reality is it has been this way for ages, it is just more people are paying attention now.breakdown of Australian data breaches in February, the Office of the Australian Information Commissioner said there had been 464 of them in the second half of 2021 alone. This was up 6 per cent on the previous six months.

Other companies fall victim to hacks and exploits that can be harder to spot or repel. These are more forgivable, particularly if a company has demonstrably tried its best to keep data safe. The breach was less atomic than Optus’ because it didn’t lose any identity data such as passports, driver’s licences or Medicare details, but it still lost fairly important information, such as name, gender, date of birth, address, email address and phone numbers, which could potentially be compiled alongside data from other breaches for identity theft.

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Australian companies still wary of revealing cyber attacks amid growing pressureAustralian executives remain wary about publicly disclosing cyber attacks and cyber strategies, despite growing demands for transparency in the wake of the hacking of Optus. P well , companies now realise that they need IT , maybe now they will increase their OT budget 🤔 The Privacy Act means they have legal obligation to tell people. Companies being wary of the public knowing their failures isn't relevant. They MUST do the right thing. And scams.
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