Skip to the content
W.Media
  • Home
  • Company
  • Conventions
  • Digital Events
  • Contact Us
  • Home
  • Company
  • Conventions
  • Digital Events
  • Contact Us
  • Tech News
  • Digital Week
  • Tech News
  • Digital Week
search
×

Cyber Security breach at Australian Securities and Investments Commission (ASIC)

Published 27 January 2021

0 comments

Venkatesh G
W.media | editor
Share on Facebook Share
Share on TwitterTweet
Share on LinkedIn Share

The Australian Securities and Investments Commission (ASIC) reported a cyber security breach related to its use of a file sharing software.

The Australian regulator in a notification said: “This incident is related to Accellion software used by ASIC to transfer files and attachments. It involved unauthorised access to a server which contained documents associated with recent Australian credit licence applications.”

While the investigation is ongoing, it appears that there is “some risk” that some limited information may have been viewed by the threat actor. At this time ASIC has not seen evidence that any Australian credit licence application forms or any attachments were opened or downloaded, it added. ASIC’s IT team and cyber security advisers engaged by ASIC are undertaking a detailed forensic investigation.

Interestingly the Accellion file sharing software was recently at the centre of a similar incident at the Reserve Bank of New Zealand. As a precaution, and to protect information and systems, ASIC has disabled access to the affected server. The regulator is working on alternative arrangements for submitting credit application attachments which will be implemented shortly. No other ASIC technology infrastructure has been impacted or breached, it pointed out.

Meanwhile, relevant agencies and those impacted have been notified, it said.

Recently, the SUNBURST malware attacks against SolarWinds have heightened companies’ concerns about the risk to their digital environments. Malware installed during software updates in March 2020 had allowed advanced attackers to gain unauthorized access to files that may include customer data and intellectual property.

Matt Gyde, President and CEO, Security Division at NTT Limited had recently said that threat actors have exploited disruption during the COVID-19 crisis to launch an accelerated wave of cyberattacks around the world. The SolarWinds incidents were orchestrated by sophisticated operators and exploit the broad distribution of commonly-used software packages, he said.

Receive the latest news.

We'll keep you in the loop.

Great! now press

Featured Articles


DreamMark1: Shaping Korea’s tech dreams


How Edge Computing will exponentially grow the China market


Back To Tech News

More Articles

KT Corp launches KT Enterprise to expand cloud and AI efforts

South Korea’s largest telecommunications provider, KT... Read More

Digital forensics market to reach $5203.3 million by 2026 

The global digital forensics market size is projected to... Read More

uCloudlink and NTT partner on cloud SIM development

Hong Kong-based mobile technology company uCloudlink has... Read More

Will Qualcomm’s acquisition of Nuvia fuel growth?

Global wireless technology services company... Read More

Logo

W.Media is Global B2B Tech Marketing
Company & Community Hub,

We Specialize in PR, Digital Media Marketing and Events Coordination
for the Cloud/IT, Datacenter, & Digital Transformation Industries.

  • facebook
  • linkedin
Quick Links
  • Company
  • Contact Us
  • Privacy Policy
  • Terms & Conditions
Offerings
  • Tech News
  • Digital Events
  • Conventions
  • Digital Week

Copyright © 2020 W.Media | All Rights Reserved

Receive the latest news.

We'll keep you in the loop.

Great! now press