Subscribe free to our newsletters via your
. Nuclear Energy News .




POLITICAL ECONOMY
Australian central bank computers hacked
by Staff Writers
Sydney (AFP) March 11, 2013


Computer networks at the Reserve Bank of Australia have been hacked, officials said Monday, with some reportedly infected by Chinese-developed malware searching for sensitive information.

The central bank revealed the attacks after investigations by The Australian Financial Review found multiple computers had been compromised by malicious software seeking intelligence.

The newspaper said in one attack a Chinese-developed malware spy programme was searching in 2011 for information on sensitive G20 negotiations, where Beijing's exchange rate and currency reserves were on the agenda.

A Reserve Bank official confirmed the G20 virus to AFP and said it was confined to only "a few" computers. The official did not say what information was stolen or who was targeted, and would not confirm the Chinese connection.

A defence department official told AFP the "targeting of high-profile events, such as the G20, by state-sponsored adversaries, cyber-criminals and issue-motivated groups is a real and persistent threat".

"At least 65 percent of cyber intrusions on Australian computers have an economic focus," the official added.

"Cyber intruders are looking for information on Australia's business dealings, intellectual property, scientific data and the government's intentions."

In another sophisticated incident in 2011, revealed on the central bank's disclosure log under its freedom of information obligations, "targeted" emails were received regarding its strategic planning for 2012.

"Malicious email was highly targeted, utilising a possibly legitimate external account purporting to be a senior bank staff member," an official report by the bank's risk management unit said.

"As the email had no attachment, it bypassed existing security controls, allowing users to potentially access the malicious payload via the Internet browsing infrastructure."

Six users clicked on the mail, which had a legitimate email signature and a plausible subject title and content.

"Bank assets could have been potentially compromised, leading to service information loss and reputation (damage)," the official report said.

In a statement released Monday, the bank said it took cyber security and its potential consequences "extremely seriously".

"The bank has comprehensive security arrangements in place which have isolated these attacks and ensured that viruses have not been spread across the bank's network or systems," it said.

"At no point have these attacks caused the bank's data or information to be lost or its systems to be corrupted. The Bank's IT systems operate safely, securely and with a high degree of resilience."

In 2011, the computers of Australia's prime minister plus foreign and defence ministers were all suspected to have been hacked.

Reports and security experts said the attacks originated in China but Beijing dismissed the allegations as "groundless and made out of ulterior purposes".

At the time, Canberra said cyber attacks had become so frequent that government and private networks were under "continuous threat".

It said foreign intelligence agencies, criminal organisations and commercial competitors were all to blame.

Last year, Chinese telecoms giant Huawei was barred from bidding for contracts on Australia's ambitious Aus$36 billion (US$37 billion) broadband rollout due to fears of cyber attacks.

.


Related Links
The Economy






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








POLITICAL ECONOMY
China says bank lending shrank in February
Shanghai (AFP) March 11, 2013
Chinese banks cut back lending in February from January, official data showed, due to a tightening of liquidity and fewer working days last month because of the Lunar New Year holiday. Domestic banks extended 620 billion yuan ($99.3 billion) worth of new loans in February, down from 1.07 trillion yuan in January, the central bank said in a statement on Sunday. The figure was below market ... read more


POLITICAL ECONOMY
Biodiesel algae: Starvation diets damage health

Using photosynthesis to make chemical compounds

Duckweed as a cost-competitive raw material for biofuel production

Brazil sugarcane farms could impact local climate

POLITICAL ECONOMY
JinkoSolar Delivers First Distributed Rooftop PV System to Eaton Electric

Bosch Solar Energy Completes 1.9 Megawatt Project in Maui County

Trojan Batteries Power "City of Joy" in the Democratic Republic of the Congo

BIJ, finergia and meeco sign MoU on Japanese market

POLITICAL ECONOMY
Wind power as a cost-effective long-term hedge against natural gas prices

British National Trust opposes wind farms

Prysmian Gets New Contract For Connection Of Offshore Wind Park

RMT Safely Constructs Seven Wind Projects in 2012

POLITICAL ECONOMY
Court battle looms over Chile power plant

California Ranked First in the US for Green Jobs Last Year

Opportunities And Obstacles Fulfilling California's Nation-Leading Energy Policies

Australian group wants carbon trading

POLITICAL ECONOMY
Russia muscles in on East Med gas boom

Oettinger: EU wants Norway natural gas

Britain, Italy, Greece say hostages killed in Nigeria

Venezuela, China vow deeper ties after Chavez death

POLITICAL ECONOMY
The Birth of a Giant Planet?

Scientists spot birth of giant planet

NASA's Kepler Mission Discovers Tiny Planet System

Kepler helps astronomers find tiny exo planet

POLITICAL ECONOMY
US buries two Civil War sailors , 151 years later

Israel, US and Greece launch joint naval exercise

Defense cuts threaten Australian subs

Shipwreck find could be legendary 'sunstone'

POLITICAL ECONOMY
Neptec wins contract to develop cameras for European Space Agency's ExoMars Programme

Mars rover 'sleeping' through solar storm

Curiosity Rover's Recovery on Track

NASA's Curiosity rover to be back online next week




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement