Australia Cyber Attack Statistics
by Jim Bulling and Julia Baldi
New statistics show cyber attacks on Australian businesses increased by 20% in 2014.
See the ABC report here.
Primera Blue Cross Cyberattack
by Jim Bulling and Julia Baldi
Primera Blue Cross, a U.S. health insurer announced up to 11 million customers could have been affected by a cyberattack, with hackers gained access to its computers on May 5 2014, and the breach only being discovered on January 29 2015. Affected customers are eligible for two years of free credit monitoring and identify theft protection services.
See the Primera press release here and a CIO article on the breach here.
Government Regulation, Legislation and Enforcement Updates
by Jim Bulling and Julia Baldi
China Introduces new Cybersecurity Laws
China introduced new cybersecurity laws, which require both local and foreign banks and financial institutions with Chinese clients (including Australian financial institutions) to use IT equipment deemed “secure and controllable” by Beijing. The breadth of the laws has upset foreign financial institutions given the potential cost of compliance if foreign entities must implement IT equipment systems in accordance with Chinese directives.
See the Financial Times report here.
European Union – General Data Protection Regulation (GDPR)
by Jim Bulling and Julia Baldi
The European Union has indicated an intention to finalise the General Data Protection Regulation (GDPR) before the end of 2015. This has the potential to effect Australian companies operating or storing data in Europe.
See the EU press release here.