Register  
Super funds at risk of cyber crime
Wednesday, 4 May 2011 12:35pm

Superannuation funds risk losing their member's details to identity thieves if they don't protect their systems, internet security firm Pure Hacking said today.

Ty Miller, chief technology officer of the ethical hacking security and testing firm, said most fraud comes from within a business's own organisation.

Miller said it was too easy to break into systems.

"We do internal penetration tests," he said.

"We plug into the network port. It usually takes five days for us to break into wherever we want in the whole organisation."

Miller warned that criminals have in the past tried to set up bank accounts with false identities, then attempted to roll over super funds with stolen member details.

Miller's warning comes in the wake of anti-virus software provider AVG Technologies' first quarter threat report which found malicious FaceBook campaigns had tripled over the past year.

Miller said FaceBook attacks would become more serious as financial transactions such as groupon purchases took off on the social networking medium.

AVG also reported hackers were getting into smart phones and mobile devices during the first quarter. The shield provider blocked an average of 100,000 spam and phishing messages per day.

A Latvian gang was also able to bring 600 attack servers online for a couple of weeks in a co-ordinated blackhole attack that brought the number of hits from a few hundred per day to 800,000.

Blogs
Follow the industry experts.
Christopher Page
Christopher Page
Managing Director

Medcraft's appalling speech
I am surprised. More than that, I am astonished, shocked. Last week I was left speechless by the address that the Australian Securities ...read more
 
Benjamin Ong
Benjamin Ong
Chief Economist

Reflation, rotation and the taper
'Tis being my final type (drivel, to some gentle readers) for the year, we'll take a look back at the 2013 that was to seek the lessons ... read more
 
Alex Dunnin
Alex Dunnin
Director of Research & Editorial Services

Women-led companies better for investors
The Australian government end last year released its first Gender Equality Scorecard and while the results are discouraging, a separate ... read more
News Search   
VideoBrought to you by
The global and Australian economic outlook
The anchor man of the panel, Saul provides great insights on the domestic economy. And bravely makes the forecast that the Reserve Bank will not cut interest rates this year and that the next move is up ... Watch video
Market Thinking - A different way of looking at economies?
First, a confession. Mark may have started his career as an economist but he joins this year's panel not as a chief economist but as the head AXA Framlington Asia. This is to the benefit of the audience ... Watch video
Great unwindings
Bob believes plunging oil prices may extend the stockmarket rally by a year or two and discusses why investors could expect a volatile few months. Overall, he believes we are entering an era of low returns ... Watch video
The major economies in 2015
Is the European economy dead in the water? Is faith on Abenomics waning? Why should investors be more optimistic about the US economy this year? Chris Probyn, the Boston-based chief economist of State ... Watch video
The two-speed economy in reverse
James provides a local perspective and explains to the audience why the mining investment boom is an aberration and it is now a 'return to the old normal'. To view James Bond's slides please click ... Watch video
Get it
Daily
FREE to your inbox, get the Financial Standard Daily Email.
Get the Free
iPad app
Download the Financial Standard iPad app for FREE
Industry
Events
MAR
07
MAR
10
Adviser Big Day Out Investment Manager Roadshow-Perth
11
Adviser Big Day Out Investment Manager Roadshow-Adelaide
12
Adviser Big Day Out Investment Manager Roadshow-Melbourne
18
Adviser Big Day Out Investment Manager Roadshow-Brisbane
19
Adviser Big Day Out Investment Manager Roadshow-Sydney
News
Bites

$245 (inc GST) for 1 year
 
 
Copyright © 1992-2015 Rainmaker Group
All material on this site is subject to copyright. All rights reserved. No part of this material may be reproduced, translated, transmitted, framed or stored in a retrieval system for public or private use without the written permission of the publisher.
Link to something Z0PFjmMs