The Australian government has proposed new regulations to place mandatory guardrails on the use of AI in high-risk settings, but private sector industry groups fear that too many laws and regulations around AI could deter businesses from investing in or deploying the AI technology.
Singapore police arrested five Chinese nationals and seized cryptocurrency assets. It said the group led an international crime organization that used hacking tools and credentials for internet servers to carry out cyberattacks. A Singapore national faces charges related to helping the group.
Security researchers say China-based cyberespionage group Mustang Panda is stepping up attacks on government agencies in Asia, using new malware tools to breach networks and a reverse shell feature in Visual Studio Code software to gain a persistent foothold in networks.
Malicious actors have been using an open-source, data-stealing remote access Trojan called Babylon to spy on and steal data from three Malaysian government entities since July 2023, according to security firm Cyble in a report Wednesday. Cyble could not link the attackers to any state or group.
Telegram deleted 25 videos the South Korean Communications Standards Commission said depicted sex crimes, and regulators reported that site administrators pledged a "relationship of trust." The agency said it intends to establish a hotline to ensure urgent action on deepfakes.
The Australian Prudential Regulation Authority listed seven priority areas in its new corporate plan released Wednesday, including a plan to raise industry standards on cyber risk management and increase minimum standards for operational resilience for banks and insurers.
Australia's largest provider of private health insurance says it expects to spend a total of AU$126 million, or $84.78 million, over a three-year period to upgrade its IT security. A Russia-based cybercriminal group hacked Medibank in October 2022.
A North Korean hacking team hastily pivoted from using publicly available cloud computing storage to its own infrastructure after security researchers unmasked a malware campaign. The group shifted from using cloud service including Google Drive, OneDrive, and Dropbox to systems under its control.
The Cyber Security Agency of Singapore released an updated operational technology cybersecurity master plan to boost the OT cybersecurity workforce and enable critical infrastructure and other operators to prepare for emerging cybersecurity risks and build effective response plans.
South Korea has begun its annual military and cyberwarfare exercise with the United States called Ulchi Freedom Shield amid growing North Korean attacks on defense agencies and recent espionage incidents that compromised highly sensitive military technologies.
A U.S. company has asked its software vendor to indemnify it to the tune of $12 million to cover costs associated with settling a data breach-related class action lawsuit. The indemnity demand comes amid a rise in class action lawsuits driving soaring litigation costs for enterprises.
Australian gold mining company Evolution Mining is investigating a ransomware attack that affected its IT systems but so far has not materially disrupted operations. The ransomware attack on the gold mining company follows a spate of attacks on Australian mining companies this year.
Cybersecurity company Symantec says it uncovered three cyberespionage campaigns that used legitimate cloud services, including Microsoft OneDrive and Google Drive, to host their malware infrastructure and carry out attacks. All three espionage operations targeted victims in East and Southeast Asia.
Singapore-based telecom giant Singtel launched the country's first quantum-safe network across its identity and authentication platforms to help enterprises protect data from potential future quantum computing-related threats. The network integrates with Cisco, Fortinet and Nokia solutions.
Prominent North Korean hacker groups Kimsuky and Andariel have been targeting South Korea's construction and machinery sectors since January to steal classified information to help the country modernize its cities and factories, South Korean government agencies warned on Monday.
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