Industry Insider

Law firms Gordon Legal and Hayden Stephens and Associates have announced they are investigating a potential legal action against Latitude Financial, for the massive data breach that includes personal data for customers stretching back to 2005.

A mere 15% of organizations globally have the ‘Mature’ level of readiness needed to be resilient against today’s modern cybersecurity risks, according to Cisco’s first-ever Cybersecurity Readiness Index.

A new report by MIT Technology Review Insights seeks to understand how organisations approach transformation and the obstacles they encounter in adapting to a continually changing business and technology environment.

Fifty percent of chief information security officers (CISOs) will adopt human centric design to reduce cybersecurity operational friction; large enterprises will focus on implementing zero-trust programs; and half of cybersecurity leaders will have unsuccessfully tried to use cyber risk quantification to drive enterprise decision making, according to the top cybersecurity predictions revealed by Gartner, Inc.

Organisations follow a reactive approach to cyber security which is stifling their progress in demonstrating value and aligning with business outcomes, according to a new commissioned study conducted by Forrester Consulting on behalf of WithSecure.

Generative AI, in the form of image generators like DALL-E, Midjourney and Stable Diffusion, and text generators like Bard, ChatGPT, Chinchilla and LLaMA, has exploded in the public sphere. By combining clever machine-learning algorithms with billions of pieces of human-generated content, these systems can do anything from create an eerily realistic image from a caption, synthesize a speech in President Joe Biden’s voice, replace one person’s likeness with another in a video, or write a coherent 800-word op-ed from a title prompt.

Anyone in Australia or New Zealand who has applied or received finance from Latitude Financial over the past seven years may have their identity documents compromised, according to an update on the major data breach revealed on March 16.

Just last week another two large Australian businesses were hit by a cyber attack. Latitude Group Holdings confirmed that personal information of about 328,000 customers, including copies of drivers’ licenses were stolen. While IPH Ltd (an intellectual property services provider) discovered unauthorised access to their document management systems. Data and information theft is on the rise, with a recent report from Australia’s Information Commissioner showing that between July and December 2022, data breaches were up by 26%.

A global survey by Nutanix looked to measure enterprise progress with cloud adoption. It found that IT infrastructure is increasingly diverse with organisations challenged with integrating data management and control. The research showed that the majority of IT teams leverage more than one IT infrastructure, a trend that’s expected to intensify in the future, but struggle with visibility of data across environments with only 40% reporting complete visibility into where their data resides.

The use of Basic Authentication over the internet is as old as the basic standard for the world wide web. Its use was outlined in May 1996 as part of the standard for version 1.0 of the Hypertext Transfer Protocol.