Here we go
Major bank raises alarm bell on cyber 'warfare', claims 'entire community is at risk'
With banks under near-constant attack from malicious actors trying to access everything from money to personal information, Australia's major banks are ramping up cyber security and urging customers to be more educated about scams.
"Every bank.
"Every bank is being attacked all the time."
Australia's big four banks, it has been revealed, are being bombarded by cyber attacks every minute of every day, leaving customers increasingly vulnerable to scams.
The attackers are trying to get into the banks' computer systems, deny services to customers, use malicious code or breach security logins.
And the purpose of these attacks?
"If it's not us being attacked, then our customers are being attacked, in an effort to steal their information and their money.
"There's no typical demographic.
"The entire community is at risk," Chris Sheehan told The World Today.
Indeed, Chris Sheehan is blunt — it's warfare out there.
"We're engaged in asymmetrical warfare on a day-by-day basis," he said.
"We're dealing with threat actors of all different types.
"From, being colloquial, Larry the loser, in the basement at home that's having a bit of a chop away at the laptop and trying to steal money from people or hack into a system, all the way to highly sophisticated, ruthless and resilient transnational organised crime groups and they're the ones that are driving 90 per cent of the scams that are hitting Australian victims.
"And then at the top end of the scale, we're dealing with nation-state actors, malicious nation-state actors.
"So, it's asymmetrical warfare.
"It changes every day," Mr Sheehan said.
https://www.abc.net.au/news/2024-07-01/bank-cyber-warfare-risk/104042518