CFOtech Asia - Technology news for CFOs & financial decision-makers

Cybercrime stories

Any use of network connected electronic devices such as computers or smartphones for criminal activity is classified as cybercrime. With a long history starting with the misuse of telephone systems (such as ‘phreaking’), cybercrime today includes the creation and distribution of viruses, ransomware, keyloggers and other malware, the download and use of malware produced by others, social engineering tactics such as phishing or (physical) impersonation, the theft and use of credentials for accessing computer systems or networks, and the theft of privileged data. Cybercrime is a broad and dynamic field, with cybercriminals constantly adapting their methods in pursuit of usually financial goals, but also occasionally seeking to disrupt, embarrass or shame their targets.
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Andy Frain notifies 100,000 after major ransomware breach
Today
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data protection
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ransomware
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data privacy
Andy Frain Services disclosed a data breach affecting 100,964 individuals in October 2024, with ransomware group Black Basta claiming responsibility.
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Bruteforce cyber attacks surge in SEA, over 53 million blocked
Today
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ai
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cybersecurity
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data breach
Kaspersky blocked over 53 million bruteforce cyberattacks in Southeast Asia during 2024, with Singapore alone facing more than 4 million attempts.
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Ransomware surge sees hackers demand up to USD $8.6 million
Today
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ransomware
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cloud security
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ai
Cybersecurity experts warn ransomware threats are surging, targeting cloud systems and exploiting human error, amid rising attacks in the UK and beyond.
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Why is ransomware still a thing in 2025?
Today
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malware
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firewalls
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vpns
Ransomware persists in 2025 as attackers exploit easy targets, with cybercrime losses hitting USD $16.6 billion despite soaring cybersecurity investments.
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Cyber experts urge resilience amid rise in sophisticated ransomware
Yesterday
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ransomware
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it training
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phishing
Organisations worldwide are urged to bolster defences as ransomware threats intensify, with attacks becoming more sophisticated and costly, experts warn.
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Cyber resilience urged as ransomware costs hit AUD $3 billion
Yesterday
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ransomware
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email security
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cybersecurity
Commvault warns of rising ransomware threats in Australia, urging businesses and individuals to boost cyber resilience ahead of Anti-Ransomware Day amid AUD $3bn annual damages.
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Privacy Week: Sensitive information stored online can hurt you
Yesterday
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storage
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data protection
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ransomware
Sensitive personal data stored online faces persistent threats from cybercriminals, with recent breaches underscoring the urgent need for better protection measures.
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Qilin ransomware attack hits sheriff, $48K spent on recovery
Last week
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malware
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breach prevention
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cybersecurity
Ransomware gang Qilin claimed an April 2025 attack on Tennessee's Hamilton County Sheriff's Office, demanding USD $300,000, with no ransom paid.
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Broadcom forces VMware clients to roll back crucial updates
Last week
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firewalls
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data protection
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dr
Broadcom forces VMware customers on expired support to roll back security updates, risking exposure to known vulnerabilities and increased cyberattack threats.
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Facebook ads scam uses celebrity faces to spread malware
Last week
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malware
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phishing
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email security
Facebook malvertising exploits images of stars like Elon Musk, promoting fake crypto brands to spread malware in Australia, New Zealand, and beyond.
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Ransomware attacks expose urgent risks for critical utilities
Last week
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malware
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data protection
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ransomware
Spanish water supplier Aigües de Mataró was hit by ransomware, highlighting growing cyber risks to essential infrastructure worldwide, experts warn.
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Crypto job scams in Australia cost victims USD $9.3 billion
Last week
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online safety
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online fraud
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cybercrime
An Infoblox investigation exposes how recruitment scams on Telegram target Australians with fake jobs, demanding crypto payments to continue employment.
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Oxford Saïd launches MBA boosting cyber resilience skills
Last week
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it training
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digital transformation
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advanced persistent threat protection
Oxford Saïd launches a new MBA elective in cyber resilience, featuring a live cyberattack simulation to prepare leaders for evolving cyber threats.
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Scattered Spider exploited UK retailer service desks
Last week
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ransomware
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mfa
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cybersecurity
Cybercriminal group Scattered Spider targets UK firms like Marks & Spencer and Harrods by tricking IT service desks in social engineering attacks.
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AI arms race fuels surge in cybercrime & deepfake scams
Last week
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endpoint protection
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mfa
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phishing
AI advancements are boosting cybercrime in Australia, with infostealer malware and deepfake scams costing businesses millions despite MFA safeguards.
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Cyberattacks on UK retail giants spark security concerns
Last week
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breach prevention
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cybersecurity
Harrods, Marks & Spencer and Co-op face a surge in cyberattacks, highlighting cybersecurity challenges within the UK retail sector amid rising digital threats.
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Rise in AI-driven cyberattacks prompts urgent action for SMEs
This month
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ransomware
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it training
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phishing
Two thirds of global firms saw a rise in cyberattacks last year, with AI-driven threats and lack of expertise raising security concerns, says Hiscox report.
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Harrods cyber attack spotlights retailer risk amid cutbacks
This month
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ransomware
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phishing
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email security
The recent cyber attack on Harrods highlights rising cyber threats to retailers, linked to economic pressures potentially weakening security defences.
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ANZ to launch password-less web banking with enhanced security
This month
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surveillance
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biometrics
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mfa
ANZ will launch password-less web banking on ANZ Plus in mid-2025, enhancing security with passkeys and biometric authentication methods.
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Super fund cyberattacks highlight risks to Australian savings
This month
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mfa
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physical security
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cybersecurity
Several Australian superannuation funds suffered cyberattacks in April 2025, compromising thousands of accounts and raising urgent security concerns.