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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Neil Hodge2022-10-11T19:05:00
The Optus data breach should serve as a reminder for all organizations that cybersecurity incidents are serious business risks that are costly to make right.
Although the alleged hacker purportedly responsible for the attack is now in police custody, the saga around trying to correct the damage has only just begun.
With 9.8 million customer records exposed, internal remediation could cost Optus billions of Australian dollars, one expert suggested to an Australian news outlet. The mobile phone network provider is also set to pay at least some of the costs incurred by federal and state governments for renewing passports—AUD$193 (U.S. $122) each—and perhaps for drivers’ licenses as well after pressure from Australian Prime Minister Anthony Albanese.
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News and analysis for the well-informed compliance or audit exec.
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2023-11-27T21:12:00Z By Adrianne Appel
Australia released an updated cybersecurity strategy that will rely more heavily on public-private partnerships to support the country’s cyber defense efforts.
2023-06-16T14:19:00Z By Kyle Brasseur
The Federal Communications Commission announced the launch of a new task force to coordinate privacy and data protection efforts at the agency, which oversees a telecommunications industry often targeted by cybercriminals.
2022-11-14T19:27:00Z By Jaclyn Jaeger
The Australian government is weighing stringent new privacy reforms that would establish among the steepest penalty regimes in the world—up to AUD$50 million (U.S. $33.5 million)—for serious or repeated breaches.
2024-06-27T16:37:00Z By Aaron Nicodemus
The U.S. Department of Energy released supply chain cybersecurity principles meant to help strengthen key technologies used to manage and operate electricity, oil, and natural gas systems.
2024-05-21T19:27:00Z By Adrianne Appel
The Environmental Protection Agency is increasing its inspections of public drinking water systems after finding a majority of those reviewed were vulnerable to cyberattacks and related threats.
2024-05-07T21:21:00Z By Adrianne Appel
Verizon’s annual data breach report shows trends in cybersecurity incidents, including more ransomware and extortion attacks last year.
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