Money Magazine

At war in the cyber world

“The technologies in the hands of cyber criminals are particularly advanced. Crime knows no bounds.”

Chaos reigned in Victoria’s regional hospital network some weeks ago when a cyber attack installed ransomware on its computer systems.

Hackers tried to steal millions of dollars in what is an all-too-familiar story.

Earlier in the year, a separate cyber attack had emails attempting to steal identities to access Paypal accounts.

Another attack included sham emails claiming to be from the CIA and threatening to expose alleged online sexual activities unless people paid $10,000 in bitcoin. Then an apparent intrusion from China on major political parties and Parliament House was exposed leading up to May’s federal election. It seems there’s no end to the threats posed by the internet.

Are we fighting a losing battle? Matthew Wilson doesn’t believe so. He is a founder of Penten, one of a

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