Liberal party pledge $156m cybersecurity investment
Prime Minister Scott Morrison has promised a $156 million boost to Australia’s cybersecurity capabilities if his party is returned to power next month, with new training and scholarship opportunities as the centrepiece. Some of the funding will go to “scholarships for postgraduate, undergraduate and TAFE studies directly associated with cyber security, with 50 percent of the scholarships reserved for women.”
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Threats are rising
From Cisco’s Asia Pacific Security Capabilities Benchmark Study.:
56% of companies in Australia suffered downtime lasting between 9-48 hours, which is globally, the highest for this range of time.
53% receive more than 10,000 alerts each day
64% of those who suffered a breach say it cost them more than $500,000
$433,000 losses incurred by a large enterprise that instantly detected a breach
Fake CIA emails requesting Bitcoin payment or arrest
The Australian Cyber Security Centre (ACSC) is aware of malicious emails claiming to be from the Central Intelligence Agency (CIA) being received by Australians.
The emails state that the recipient’s personal details, addresses, contact information and information relating to their relatives are contained in a case file about the distribution and storage of pornographic electronic materials involving underage children.
The emails advise that arrests are scheduled and that a payment of $10,000 USD in Bitcoin will prevent further action or contact.