News and Updates on Information Technology

Australia – Australia Securities and Investments Commission

Exploit: Hacking
Australia Securities and Investments Commission: Securities Regulator 

Risk to Small Business: 1.616 = Severe

A security breach at Australia’s security regulator may have led to a significant data exposure. The breach occurred on a server that the organization used to transfer files including credit license applications where some information may have been viewed. This breach may have been caused by a suspected flaw in third-party software that may have also spurred a similar breach at the New Zealand central bank a few weeks ago.

Individual Risk: No personal or business data was reported as confirmed to be stolen in this incident that is still under investigation.

Customers Impacted: Unknown

How it Could Affect Your Customers’ Business: Taking precautions against potential third party data breaches is sensible for every business because you can never be sure how another company’s cybersecurity flaws may impact your business.