US watchdog is worried cyber insurance won’t cover ‘catastrophic cyberattacks’
US watchdog is worried cyber insurance won’t cover ‘catastrophic cyberattacks’
Justice Minister George Brandis has called for the government to look at policies to protect cyber criminals.
“Clearly it would be appalling if there were any tragic cyberattacks and individuals were killed on the basis of their identity,” Brandis said at a press conference in London on Thursday.
“If the government looked at the regulation and the enforcement of it, unfortunately there would be no way of mitigating that.”
“I would ask the government to look at how it might help people who are at a risk with cyber security in their future and understand and take action,” Mr Brandis added.
The private investigator said that although agents from two major security competency bodies – the EFF and the IP Commission – provided technical support, it would be difficult, if not impossible, for them to effectively establish a cyber security policy.
“I would not want to see any kind of mechanism that would deter us doing the job of setting a cyber policy that would not exist,” he said.
“It would have to be done in an effective, professional way and that’s where I think the Government needs to go on the record.”
He said those involved would have “a deep and fundamental understanding and they see that it’s not just about the Commission, it’s about the whole integrity of our legislation”.
“Cyber criminals, people who have had their identity stolen, their personal details stolen and their financial information stolen.
“It’s absolutely fundamental to the integrity of the legislation that it be implemented with the highest level of transparency and intelligence and to one day, one day, the ACT government jumping into the final push in this, and that can be done with a policy where it is the responsibility of the whole of the government.
“The record shows that we’ve had thousands of people come forward and they are coming forward with extremely credible information. That is unprecedented,” he added.
Suspect arrested in hacking attack at European work in Australia – stats
A suspect in the Sydney hacking attack has been arrested after he was allegedly in possession of stolen IT systems – a breach of a public data protection law which gives victims the right to request information from even government agencies.
The 63-year-old, from Port Elizabeth, is alleged to have used the stolen systems to hack into a company said to be working on cybersecurity and encryption.
The attacker was arrested at a Port Elizabeth bus stop in the aftermath of a call-out in Whitechapel, where the suspect was working.
He is in custody in connection to the XCH was a hacking attack on the University of Sydney’s IT company in Australia.
One of the reported parties, who was waiting in line at the bus stop, had his identity stolen and could not be contacted.
Security researcher Iain Broughton reported Tuesday that he was the second person to be stolen from a bus stop in Australia in a day.
Just two days since the Paris attacks two people were singled out for cyber attacks in France and the US, two of which were linked to the Islamic State group.
In 2013, 19 people were slain at an Islamophobe mall in Paris. Five of the people killed were taken into custody, 13 of which were French nationals.
In a similar attack in November, a car which was targeted was stolen from a store in London in a similar attack in October. The driver in the incident was taken into custody.
Earlier this year, a man was arrested in Sydney for allegedly attempting to hack into a security system at a telecommunications company.
A man from Central Coast, Nauru, was arrested in connection to the alleged attack in July.
The British Antarctic Survey said Monday that it had concluded that the man had left the company on July 19 after a two-month struggle with family members.
Topics: cyber-crime, law-crime-
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