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Thread: Many cyber attacks go undetected: ASIO

  1. #1
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    Many cyber attacks go undetected: ASIO

    Australia's spy chief, David Irvine, has warned businesses to be on the alert for cyber attacks and corporate espionage.

    Mr Irvine, who is the director-general of the Australian Security Intelligence Organisation (ASIO), said many cyber attacks were going undetected by local security agencies.

    His comments come a week after $25 million was stolen from Australian credit cards by overseas hackers.

    "I would be very surprised if we, who are active in this area, are picking up the greater proportion of it - in fact quite the reverse," he told a business conference in Canberra on Monday.

    "There's very much more going on than it is within the resources of the agencies to pick up, particularly in the private sector."

    Company information, like planned investments and potential weak points of a business, were the constant targets of hackers, he warned.

    He urged Australian businesses to be more proactive in protecting their company's information.

    "Senior management needs to consider very carefully their security culture and assess the threat and potential damage if they don't take action," Mr Irvine said.

    "They need to sit down and think very, very hard about what it is they need to protect."

    So far in 2012, more than 5000 cases of cyber attacks have been reported to the attorney-general's Computer Emergency Response Team (CERT), Mr Irvine said.

    "That's reports received," he told an Australian Industry Group forum. "There are more."

    He also warned that cyber vandalism could have "significant social and economic impacts" on Australia.

    For example, an attack on Australia's telecommunication networks could halt electronic transactions made through banks.

    Mr Irvine warned critical infrastructure, like the electricity grid, transport system and national financial networks, could be shut down by cyber attacks.

    Hackers could also neutralise or destroy a nation's military capabilities.

    "The war-fighting capacity of most sophisticated militaries around the world is now extraordinarily dependent on the cyber world," he said.

    Meanwhile, the spy chief repeated the agency's view that the threat of terrorist attacks had become "predominantly homegrown" and been assessed by ASIO to be "persistent and chillingly real".

    The security agency's aim was to detect such attacks as early as possible.

    "The longer you allow terrorist planning to go on, the more likely it is to get out of hand and for something terrible to happen," Mr Irvine said.
    The only thing necessary for the triumph of evil is for good men to do nothing

  2. #2
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    Re: Many cyber attacks go undetected: ASIO

    Wonder if this is the latest fallout from the latest credit card processor hack.
    One HUGE issue is that the credit card companies KNOW of these hacks and stolen information but deny it until it becomes too overwhelming and they have to admit it. I think it took about 2 years for Bank of America to finally admit to the Heartland processor breach and issue new cards.

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