The European Central bank has blamed a software defect at a third party technology provider for an outage that downed the Target2 settlement system for almost 11 hours on Friday.
Credit referencing agency Experian has been ordered to make fundamental changes to how it handles people’s personal data after an investigation into its data broking activities by the Information Commissioner's Office uncovered serious breaches of privacy laws.
Source: CommBank
Commonwealth Bank has partnered with the Australian Computing Academy (ACA) to help educate children as young as 10 years of age about cyber security.
Sopra Steria says it will take a number of weeks to restore its systems to full operating capacity after confirming an attack by hackers using a new version of Ryuk ransomware.
A complete failure of all payment transactions within the Target2 system was experienced for several hours on Friday, with backup systems and contingency modules also initially unable to function.
Source: ISACA
Many IT audit and assurance professionals have long relied on a single source of guidance to perform effective audit reports—the Information Technology Audit Framework (ITAF) from global non-profit tech association ISACA.
European IT services group Sopra Steria is battling a suspected ransomware attack on its network.
The Financial Stability Board is urging banks and regulators to use a newly-launched toolkit to help contain the damage inflicted by a major cyber incident.
