Interlynk’s Post

The Australian Cyber Security Centre (ACSC) has released its  𝐀𝐧𝐧𝐮𝐚𝐥 𝐂𝐲𝐛𝐞𝐫 𝐓𝐡𝐫𝐞𝐚𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝟐𝟎𝟐𝟑–𝟐𝟒, highlighting significant trends in Australia's cyber landscape. Key takeaways include: 1. 𝐑𝐢𝐬𝐞 𝐢𝐧 𝐂𝐲𝐛𝐞𝐫𝐜𝐫𝐢𝐦𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬: The ACSC received over 36,700 calls to the Cyber Security Hotline, marking a 12% increase from the previous year. 2. 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐈𝐦𝐩𝐚𝐜𝐭 𝐨𝐧 𝐒𝐦𝐚𝐥𝐥 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬: The average self-reported loss per cybercrime incident rose by 8%, reaching $49,600. 3. 𝐓𝐡𝐞 𝐭𝐨𝐩 𝐂𝐲𝐛𝐞𝐫 𝐓𝐡𝐫𝐞𝐚𝐭𝐬 𝐟𝐨𝐫 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬 𝐰𝐞𝐫𝐞: 1. Email compromise (20%) 2. Online banking fraud (13%) 3. Business email compromise fraud (13%) 4. 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐝 𝐑𝐚𝐧𝐬𝐨𝐦𝐰𝐚𝐫𝐞 𝐀𝐜𝐭𝐢𝐯𝐢𝐭𝐲: 11% of all incidents involved ransomware, reflecting a 3% year-over-year increase, making it a growing threat to operations and reputation. These findings underscore the escalating cyber threats facing Australia and the necessity for robust cybersecurity measures across all sectors. For a comprehensive analysis, refer to the full report:  https://lnkd.in/gP2yB4A3

🚨 Cyber Crime Costs Australian Small Businesses Over $49,000 Per Incident 🚨 Cyber attacks are escalating, with the Australian Signals Directorate (ASD) receiving a report every 6 minutes last year. Small businesses now face an average cost of $49,600 per cyber crime incident, up 8% from the previous year. Meanwhile, individuals lost an average of $30,700 per attack. 🔐 Key insights from the ASD Cyber Threat Report 2023-24: • 11% of attacks targeted critical infrastructure. • Businesses suffer most from email compromises and online banking fraud. • Grey-zone tactics, such as Russia exploiting cloud platforms and China’s stealthy network probes, are on the rise. • ASD’s Protective Domain Name System blocked 82M malicious domains (+21%). Minister for Home Affairs Tony Burke calls cyber security Australia’s “fastest growing threat.” Businesses must prioritise cyber skills, resources, and defences. 👉 Are your defences strong enough? Click here to read the full article 👉 https://lnkd.in/gVkDKSYH #CyberSecurityAustralia #SmallBusinessProtection #CyberThreats #EmailCompromise #CyberResilience #ProtectYourBusiness

🚨 Key Insights from the ASD’s Annual Cyber Threat Report The Australian Signals Directorate (ASD) has released its fifth Annual Cyber Threat Report, shedding light on the state of cybercrime in 2023–24. Here are some of the key findings: Over 87,400 cybercrime reports were submitted, averaging one report every 6 minutes—a 7% decrease from the previous year. Top 3 reported cybercrimes by individuals: 1️⃣ Identity fraud 2️⃣ Online shopping fraud 3️⃣ Online banking fraud Financial impact on businesses: ▶️Small businesses: $49,600 average loss per cybercrime ▶️Medium businesses: $62,800 average loss ▶️Large businesses: $63,600 average loss While the cost of cybercrime to businesses has decreased by 8%, these figures are a stark reminder of the financial and operational risks cybercrime poses to Australians. The message is clear: proactive cyber security is a must. Whether you’re an individual or a business, investing in cyber resilience is not optional—it's essential. If you would like to learn more about cybersecurity for your business, reach out to us for a complimentary consultation. #cybersecurity #cybercrime #cyberthreat

All eyes on Australia today, as the government introduces proposed legislation to parliament which is "set to revolutionise Australia's cyber security preparedness". The new laws would include a requirement for victims of ransomware attacks to report their ransom payments to the authorities. The plan is that this information will help the government to track cyber criminal activities and measure how much money is being lost to ransomware. Could Australia be setting the blueprint for other nations? Only time will tell. Read more here: https://lnkd.in/eeb6pk4G #cybersecurity #australia #ransomware #ransom #phishing #business #ransompayment #publicsector #privatesector #dataprotection Moore Australia Moore Global Takeshi Osada Maritz Cloete Paras S. Vanessa Gomez

🚨 Cybersecurity Alert for Gibraltar Businesses 🚨 In recent days, Gibraltar has been targeted by cybercriminals impersonating representatives from NatWest Bank and Gibraltar International Bank. These attackers have successfully infiltrated several devices under the guise of assisting Gibraltar businesses, gaining access to online banking systems and stealing well over £1 million. We need to increase awareness of the growing cyber threat in Gibraltar. A number of our clients have implemented Zero Trust technology, which effectively prevents unauthorized remote access to be installed on their machines. This advanced security measure ensures that any request to install software or access critical systems is escalated for authorization, providing an essential layer of protection. Zero Trust technology is currently the most robust solution available for mitigating these types of threats. If you’ve already been targeted, it may be too late. If you haven’t, now is the time to prepare—it's not a matter of if but when. At Netgear Business we are dedicated to helping Gibraltar’s businesses secure their systems and protect their valuable data. Don’t wait until it’s too late. Contact us today to discuss how we can enhance your cybersecurity and safeguard your operations. Stay safe, Gibraltar. #CyberSecurity #Gibraltar #ZeroTrust #BusinessProtection #NetgearBusiness

After reading about the recent cyber attack on Uganda’s central bank, here’s one thing that stood out to me: 💡 Over $16 Million stolen from a national bank in a matter of days! Now, this is a wake-up call for everyone in the finance and tech space! Here’s why this attack is more than just a news headline – it’s a lesson we all need to pay attention to: The Growing Risk Cybercriminals are getting smarter. This attack shows how sophisticated hackers are and how vulnerable even national institutions can be. If it can happen to a central bank, how secure is your system? Insider Involvement It’s also being speculated that insiders might have been involved. Insider threats are often the hardest to detect and can cause severe damage. Are your internal processes watertight? The Financial & Reputational Cost The stolen funds were traced across borders, but the reputation damage can take years to repair. Cyberattacks don’t just steal money; they steal trust. What’s your plan for protecting your reputation in case of a breach? As cybersecurity becomes a top priority for all industries, these attacks remind us of the constant need to stay one step ahead. Now, think about this: Is your organization truly prepared to handle a breach? How are you protecting sensitive financial data from the ever-growing cyber threats? It’s time to talk about proactive defense and not just reactive measures. Let me know what your organization is doing to stay safe. Have you updated your cybersecurity strategy lately? #CyberSecurity #CyberAwareness #BankingSecurity #TechTrends #DigitalSecurity #FinancialIndustry #CyberCrime #StaySafe

🚨 A Personal Plea to Gibraltar’s Business Leaders: Protect What Matters Most 🚨 Fellow Gibraltar 🇬🇮 business leaders, Over the past few days, our beloved Gibraltar has been under siege by cybercriminals posing as representatives from NatWest Bank and Gibraltar International Bank. These malicious actors have infiltrated devices, accessed online banking, and stolen well over £1 million from our community. This isn’t just an attack on businesses; it’s an attack on our trust, our livelihoods, and the very fabric of our economic security. As the Managing Director of Netgear Business , I’ve seen firsthand the devastating impact of these breaches. I cannot stress enough the importance of fortifying our defenses. Cybersecurity isn’t a technical detail—it’s a fundamental business imperative. Many of our clients have safeguarded themselves with Zero Trust technology, a critical barrier that prevents unauthorized access and potential catastrophe. This isn’t just another tech solution; it’s a shield that protects our businesses from being torn apart by faceless criminals. If your business has already been targeted, you know the pain and disruption it causes. If you haven’t, please don’t wait for disaster to strike. The question is not if, but when. As leaders, we have a duty to protect our companies, our employees, and our community. I urge you to take immediate action. Invest in the necessary cybersecurity measures to ensure your business is not the next victim. At Netgear Business, we are committed to helping Gibraltar’s businesses stay secure. Reach out to us—we are here to help, to guide, and to protect. Let’s stand together against this threat and secure our future. Warm regards, Amit Chugani Managing Director, Netgear Business #CyberSecurity #Gibraltar #ProtectYourBusiness #ZeroTrust #Leadership

Businesses now thrive online, but cybercriminals threaten this success. Awareness and robust security tools are essential investments, not costs, to safeguard your hard work. Protecting your IT environment completes the crucial circle: what you use, how you connect, and what shields you. Don’t let cyber threats blindside your vision.

At NSB Cyber, we support the Australian government's recommendation against paying ransoms in response to ransomware attacks, as these payments can fuel further criminal activities and often do not ensure the recovery of crucial data. However, we recognise that businesses can face extraordinarily difficult decisions when essential data is threatened. In these moments, some companies might feel compelled to consider payment as a last resort. As part of our Cyber Threat Actor (CTA) Engagement Services, we offer enhanced capabilities that enable businesses to conduct due diligence and assess the risks associated with interacting with various cyber threat actors. Leveraging the unique data of TRM Labs, we provide real-time analysis and insight into the digital assets and exposures (i.e. sanctions) involved in a ransomware situation, enhancing our clients’ abilities to make decisions that align with regulatory requirements, good practices in cybersecurity and commensurate with their risk appetite. For more information on our CTA Engagement Services, or our broader Cyber Threat Intelligence (CTI) Service offering, please reach out to intelligence@nsbcyber.com. #cybersimplified #defendwithconfidence #nostepsbackward

TfL Hack - what you need to know📢 The recent cyber attack on Transport for London exposed sensitive customer data, including names, contact details, and bank information - This week a 17-year-old was arrested for his involvement - should that concern us? Firstly, the good news. TfL quickly collaborated with the National Crime Agency (NCA) and National Cyber Security Centre (NCSC) to mitigate the situation, meeting their legal obligations by promptly informing affected customers and maintaining transparency. However, this incident highlights a broader concern - if even a well-funded organisation like TfL can be breached, is the wider public sector sufficiently equipped to handle cyber threats? This isn’t an isolated incident. We recently shared the news of the Tewkesbury Council cyber attack and it's clear that public sector organisations repeatedly find themselves in the crosshairs of hackers. Why? The amount of personal data being managed, their reliance on legacy systems and limited cyber security budgets are all factors. Public institutions are waking up to the need to evaluate their cyber security posture to understand their vulnerabilities - it's one of the reasons our Cybercy Check is becoming so popular as it simplifies the process for them. What do you think? Should improving cyber protection of our public services be a priority for the Government? ----------------------- Get your Cybercy Check here: https://shorturl.at/iqWdB #cybersecurity #TfL #publicsector #datasecurity #infosec #NCA #NCSC #cyberattack Transport for London National Cyber Security Centre