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Microsoft: Zero Trust security just hit the mainstream

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Zero Trust, the borderless security strategy being pushed by vendors, has fully caught on in the enterprise, according to Microsoft’s latest survey of cybersecurity defenders. 

Microsoft, IBM, Google, AWS, Cisco and others in the cybersecurity industry have been banging the ‘zero trust’ drum for the past few years. 

The case for zero trust was made clearer after this year’s software supply chain attacks on US tech firms, which came amid a mass shift to remote work that demonstrated the need to protect information inside and beyond a trusted environment in a world that spans BYOD, home networks, VPNs, cloud services and more.

As Microsoft has argued, part of zero trust is assuming the corporate network has already been breached, either by hackers targeting that network through phishing or malware, or via an employee’s compromised home device connecting to the network.

The message has gotten through to organizations. Microsoft’s survey of 1,200 security decision makers over the past year found that 96% of consider Zero Trust to be critical to their organization. 

Zero trust will also soon be compulsory for federal agencies, helping standardize the concept in the broader market. US president Joe Biden’s cybersecurity executive order in May mandated agencies move to zero-trust as-a-service architectures and enable two-factor authentication (2FA) within 180 days. 

The Commerce Department’s NIST followed up last week by calling on 18 of the US’s biggest cybersecurity vendors to demonstrate how they would implement a zero trust architecture.    

Microsoft found that 76 percent or organizations are in the process of implementing a Zero Trust architecture — up six percent from last year.

“The shift to hybrid work, accelerated by COVID-19, is also driving the move towards broader adoption of Zero Trust with 81 percent of organizations having already begun the move toward a hybrid workplace,” writes Vasu Jakkal, Microsoft corporate vice president of security, compliance and identity.

“Zero Trust will be critical to help maintain security amid the IT complexity that comes with hybrid work.”

The top reasons for adopting Zero Trust included increased security and compliance agility, speed of threat detection and remediation, and simplicity and availability of security analytics, according to Jakkal. 

It’s all about confirming everything is secure, across identity, endpoints, the network, and other resources using signals and data.

Biden this week highlighted the real-world stakes at play with recent ransomware and supply chain attacks on critical infrastructure, telling the US intelligence community that a major hack would likely be the reason the US enters “a real shooting war with a major power”. The US president yesterday signed a memorandum addressing cybersecurity for critical infrastructure, ordering CISA and NIST to create benchmarks for organizations managing critical infrastructure.

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Source: https://www.zdnet.com/article/microsoft-zero-trust-security-just-hit-the-mainstream/#ftag=RSSbaffb68

ZDNET

Industry once again warns Australian government about falling behind in tech

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The Australian Academy of Science has published a policy primer calling for the federal government to place emerging digital technologies higher up the priority list.

“Australia risks falling behind as a technologically-driven nation unless we recognise emerging digital technologies as a central, independent sector in its own right, warranting investment in the core aspects of research, innovation, and workforce development,” the organisation wrote.

In the policy primer [PDF], the government-endorsed, not-for-profit organisation warned that Australia could potentially lag behind global peers, saying other nations such as Canada, France, the UK, and the US have placed more resources towards prioritising digital technologies as a strategy to bolster competitiveness.

Australia’s digital innovation earnings relative to its GDP was almost four percentage points lower than the OECD average of 11.2%, the organisation said.

To address this, the organisation put forward three recommendations that it believes would help Australia’s digital technology capability and innovation keep pace with other countries.

The recommendations are to elevate emerging digital technologies as a national science and innovation priority; include research and innovation in emerging digital technologies in the 2021 Research Infrastructure Roadmap; and recognise emerging digital technologies as an independent growth sector.

The Australian Academy of Science added that more investment is needed towards improving the digital literacy of Australians. Referring to RMIT University’s digital inclusion index, it said Australians with lower income, employment, and education have increasingly fallen behind in this area.

Kaspersky APAC managing director Chris Connell has also pushed for stronger promotion of security awareness and digital education saying that government needed to work more closely with industry to achieve this.

“We’re facing security challenges that put a strain on cybersecurity resources. Investing in cyber talent and promoting security awareness and digital education are the keys to success in building cyber resilient digital societies and economies,” Connell said.

“We need to move from the ‘needs’ to actually delivering on this — if we don’t, and the way the world is changing, there will be more and more risk moving forward.”

While the Australian Academy of Science did note the federal government’s recent digital economy strategy and modern manufacturing strategy were a “welcome signal”, it gave the caveat that government still needed to recognise the importance of building scientific capability behind the digital economy, both from an investment and narrative point of view.

“The national narrative and strategy for Australia’s digital economy needs to address the fundamental importance of building and maintaining scientific capabilities in emerging digital technologies to drive investment and build sovereign capability and capacity,” it wrote.

Following a similar theme, the Australian Information Industry Association (AIIA) a few weeks ago expressed concerns that the federal government was not placing enough resources into commercialising emerging technology, such as quantum computing.

“We are in a position of thought leadership and in some ways, we do lead the way. But our concern is that based on global trends, if we don’t take the steps necessary to maintain our position, and we’re not taking those steps, then we will in fact lose our leadership position, lose our resources, lose our IP, lose our skills, and our thought leaders,” AIIA CEO Ron Gauci said at the time. 

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Source: https://www.zdnet.com/article/industry-once-again-warns-australian-government-about-falling-behind-in-tech/#ftag=RSSbaffb68

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ZDNET

Industry once again warns Australian government about falling behind in tech

Published

on

The Australian Academy of Science has published a policy primer calling for the federal government to place emerging digital technologies higher up the priority list.

“Australia risks falling behind as a technologically-driven nation unless we recognise emerging digital technologies as a central, independent sector in its own right, warranting investment in the core aspects of research, innovation, and workforce development,” the organisation wrote.

In the policy primer [PDF], the government-endorsed, not-for-profit organisation warned that Australia could potentially lag behind global peers, saying other nations such as Canada, France, the UK, and the US have placed more resources towards prioritising digital technologies as a strategy to bolster competitiveness.

Australia’s digital innovation earnings relative to its GDP was almost four percentage points lower than the OECD average of 11.2%, the organisation said.

To address this, the organisation put forward three recommendations that it believes would help Australia’s digital technology capability and innovation keep pace with other countries.

The recommendations are to elevate emerging digital technologies as a national science and innovation priority; include research and innovation in emerging digital technologies in the 2021 Research Infrastructure Roadmap; and recognise emerging digital technologies as an independent growth sector.

The Australian Academy of Science added that more investment is needed towards improving the digital literacy of Australians. Referring to RMIT University’s digital inclusion index, it said Australians with lower income, employment, and education have increasingly fallen behind in this area.

Kaspersky APAC managing director Chris Connell has also pushed for stronger promotion of security awareness and digital education saying that government needed to work more closely with industry to achieve this.

“We’re facing security challenges that put a strain on cybersecurity resources. Investing in cyber talent and promoting security awareness and digital education are the keys to success in building cyber resilient digital societies and economies,” Connell said.

“We need to move from the ‘needs’ to actually delivering on this — if we don’t, and the way the world is changing, there will be more and more risk moving forward.”

While the Australian Academy of Science did note the federal government’s recent digital economy strategy and modern manufacturing strategy were a “welcome signal”, it gave the caveat that government still needed to recognise the importance of building scientific capability behind the digital economy, both from an investment and narrative point of view.

“The national narrative and strategy for Australia’s digital economy needs to address the fundamental importance of building and maintaining scientific capabilities in emerging digital technologies to drive investment and build sovereign capability and capacity,” it wrote.

Following a similar theme, the Australian Information Industry Association (AIIA) a few weeks ago expressed concerns that the federal government was not placing enough resources into commercialising emerging technology, such as quantum computing.

“We are in a position of thought leadership and in some ways, we do lead the way. But our concern is that based on global trends, if we don’t take the steps necessary to maintain our position, and we’re not taking those steps, then we will in fact lose our leadership position, lose our resources, lose our IP, lose our skills, and our thought leaders,” AIIA CEO Ron Gauci said at the time. 

Related Coverage

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.zdnet.com/article/industry-once-again-warns-australian-government-about-falling-behind-in-tech/#ftag=RSSbaffb68

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ZDNET

Westpac has blocked 24,000 abusive messages in payments

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Westpac said it has managed to block some 24,000 transactions that were deemed as abusive payments.

In its environment, social, and governance strategy update, the bank also noted it required 19,000 customers to change the language they used in transaction descriptions before their payments could be accepted and processed.

The bank added it issued more than 800 warning letters and account suspensions and reported more than 70 customers to authorities for abusive payments.  

The bank announced earlier in the year it would not tolerate any messages containing abuse being sent in transaction descriptions. Terms considered inappropriate by the bank range from swear words through to domestic violence threats.

“We want to create a safer digital banking experience for our customers and send a clear signal that abusive messages in payment transactions will not be tolerated,” Westpac general manager of customer solutions Lisa Pogonoski previously said.

To contain such behaviour, the red and black bank rolled out a new tool enabling customers to report abuse and harassment received in the payment transaction description for inbound payments.

The bank also deployed technology to monitor outgoing payments sent through its online and mobile banking platforms, which blocks certain transactions containing inappropriate or offensive language in real-time.

In other updates, Westpac highlighted that in relation to its Customer Outcomes and Risk Excellence (CORE) program, it has completed 104 out of 327 planned activities designed to uplift the bank’s management and governance of risk. These included upgrading its transaction screen software and settings, identifying data points and establishing automated reconciliations and checks, using analytics to improve detection, and improving risk reporting through a new insights platform.

For the first half the 2022 financial year, Westpac highlighted tech expenses increased AU$40 million, attributing part of the rise was relating to the CORE program. This was off the back of a profit increase, posting AU$3.4 billion.  

IF YOU OR ANYONE YOU KNOW IN AUSTRALIA NEEDS HELP CONTACT ONE OF THESE SERVICES:

  • National Sexual Assault, Domestic Family Violence Counselling Service on 1800 737 732
  • MensLine Australia on 1300 789 978
  • Lifeline on 13 11 14
  • Kids Helpline on 1800 551 800
  • Beyond Blue on 1300 22 46 36
  • Headspace on 1800 650 890
  • In an emergency or if you’re not feeling safe, always call 000

MORE FROM WESTPAC

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Source: https://www.zdnet.com/article/westpac-has-blocked-24000-abusive-messages-in-payments/#ftag=RSSbaffb68

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ZDNET

Westpac has blocked 24,000 abusive messages in payments

Published

on

Westpac said it has managed to block some 24,000 transactions that were deemed as abusive payments.

In its environment, social, and governance strategy update, the bank also noted it required 19,000 customers to change the language they used in transaction descriptions before their payments could be accepted and processed.

The bank added it issued more than 800 warning letters and account suspensions and reported more than 70 customers to authorities for abusive payments.  

The bank announced earlier in the year it would not tolerate any messages containing abuse being sent in transaction descriptions. Terms considered inappropriate by the bank range from swear words through to domestic violence threats.

“We want to create a safer digital banking experience for our customers and send a clear signal that abusive messages in payment transactions will not be tolerated,” Westpac general manager of customer solutions Lisa Pogonoski previously said.

To contain such behaviour, the red and black bank rolled out a new tool enabling customers to report abuse and harassment received in the payment transaction description for inbound payments.

The bank also deployed technology to monitor outgoing payments sent through its online and mobile banking platforms, which blocks certain transactions containing inappropriate or offensive language in real-time.

In other updates, Westpac highlighted that in relation to its Customer Outcomes and Risk Excellence (CORE) program, it has completed 104 out of 327 planned activities designed to uplift the bank’s management and governance of risk. These included upgrading its transaction screen software and settings, identifying data points and establishing automated reconciliations and checks, using analytics to improve detection, and improving risk reporting through a new insights platform.

For the first half the 2022 financial year, Westpac highlighted tech expenses increased AU$40 million, attributing part of the rise was relating to the CORE program. This was off the back of a profit increase, posting AU$3.4 billion.  

IF YOU OR ANYONE YOU KNOW IN AUSTRALIA NEEDS HELP CONTACT ONE OF THESE SERVICES:

  • National Sexual Assault, Domestic Family Violence Counselling Service on 1800 737 732
  • MensLine Australia on 1300 789 978
  • Lifeline on 13 11 14
  • Kids Helpline on 1800 551 800
  • Beyond Blue on 1300 22 46 36
  • Headspace on 1800 650 890
  • In an emergency or if you’re not feeling safe, always call 000

MORE FROM WESTPAC

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.zdnet.com/article/westpac-has-blocked-24000-abusive-messages-in-payments/#ftag=RSSbaffb68

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