As we close the book on 2024, we welcome you to our Holiday Edition, where we unwrap the biggest stories that defined a whirlwind year in AI and cyber affairs—a celebration of relentless innovation, jaw-dropping rivalries, and high-stakes power plays that kept us captivated all year round.
Cisco faces fallout from a massive data leak exposing critical files, while China accuses the U.S. of cyber espionage amid rising tech tensions. AI governance sparks debate as Europe enforces strict rules, and ASIC sues HSBC for $23M scam failures. Global cyber affairs take center stage this week.
ASIC is suing HSBC Australia over $23M in scam losses, alleging systemic failures in fraud detection and delays in resolving complaints. Meanwhile, Singapore's proposed anti-scam law aims to freeze accounts of scam victims to prevent further losses, sparking debate on privacy and autonomy.
As Black Friday and Cyber Monday near, CNC warns of increased scams like phishing, typosquatting, and fake apps. Shoppers should verify sources, use secure payments, install security software, and research deals to stay safe during holiday sales.
As we approach the bustling Black Friday and Cyber Monday sales, it's crucial to be aware of the heightened cyber risks. The Cyber New Centre (CNC) presents an informative guide to help you navigate these sales safely.
Exploitation of Human Emotions in Cybercrime: During the frenzy of holiday sales, cybercriminals exploit the urgency and emotions of shoppers.
The desire to snag the best deals in a time-crunch makes consumers more susceptible to various scams. Understanding this psychological manipulation is key to staying alert.
The holiday season sees a spike in email scams. Cybercriminals send emails with attachments containing malware, masquerading as attractive offers or shipping notifications from well-known retailers.
Phishing emails, which can be sophisticated and personalised, aim to steal personal information. Recognizing these emails requires attention to detail, such as checking for odd phrasing, unexpected requests, or sender inconsistencies.
Typosquatting is a tactic where scammers create deceptive URLs and email addresses resembling those of legitimate companies.
These lead to fake websites designed to harvest personal data. Similarly, scammers also set up copycat websites that mimic genuine retailers, often spreading via social media and email. These sites can be hard to distinguish from the real ones without careful inspection.
Another risk comes from counterfeit apps in mobile stores. These apps look and feel like they belong to well-known brands but are actually designed to steal personal and financial information. They often slip through even the strict screening processes of reputable app stores.
Offers that seem too good to be true usually are. Scammers create alluring deals to lure customers into divulging their personal and financial information. These offers often appear on the fake websites and apps mentioned earlier.
Avoid opening emails from unknown senders, especially those with attachments or links. Use email filters and maintain an updated list of blocked senders. Regularly educate yourself on the latest phishing tactics.
Before engaging with any shopping site or app, verify its authenticity. This can involve checking the URL for minor discrepancies from the genuine site, examining the app's reviews and developer information in the app store, and cross-verifying offers.
Opt for credit cards, which typically offer better fraud protection than debit cards. Virtual credit cards and payment services that provide a layer of anonymity and security can further safeguard your transactions.
Choose antivirus and anti-malware software from reputable companies. Regularly update this software to protect against the latest threats. Consider additional security layers like firewalls and email scanning tools.
Before making a purchase, especially from a new or unfamiliar site, conduct thorough research. Check for customer reviews, compare prices with other well-known retailers, and search for additional information about the retailer.
By adhering to these expanded guidelines, shoppers can greatly enhance their online safety, allowing them to enjoy the benefits of Black Friday and Cyber Monday deals without falling prey to cyber threats. Stay informed, stay sceptical, and shop smart!
Cisco faces fallout from a massive data leak exposing critical files, while China accuses the U.S. of cyber espionage amid rising tech tensions. AI governance sparks debate as Europe enforces strict rules, and ASIC sues HSBC for $23M scam failures. Global cyber affairs take center stage this week.
Australians face rising cyber scams during holiday shopping, with scammers using AI-driven tactics like phishing and deepfakes. Spending $70B online puts consumers at risk, as reports show $30.7K average losses. Visa's new measures push beyond SMS OTPs to combat fraud. Stay vigilant.
In this Cyber Bites edition: North Korean IT workers resort to extortion, Singapore tightens chatbot controls, Casio faces a ransomware setback, and China challenges Intel amid U.S. tech rivalry. The stakes in cybersecurity are higher than ever!
Cisco faces a major data breach, AT&T agrees to a $13M settlement for mishandling customer data, and Notion’s founders are revolutionising enterprise operations with AI-driven tools. Discover the latest developments impacting cybersecurity and business tech innovation.
