Cyberattackers Continue to Target Australian Organizations - MedFin is the Latest Target

Australia's government and institutions have been under the wrath of targeted cyberattacks in the recent times. Several national and international threat actors seem to be targeting Australian agencies. The latest organization under attack is Medfin, the financial consultant in St Leonards, Australia.

MedFin under attack

MedFin, a subsidiary of the National Australia Bank (NAB) that offers financial help for medical services, confirmed in a press statement that it was recently targeted by a cyberattack.
  • Recently, MedFin issued a press release stating that it was targeted by a cyberattack on June 14, 2020.
  • The intrusion attempt was identified by the digital intrusion detection systems used by the company and was quickly neutralized by the staff, which prevented any major impact due to the intrusion.
  • The company said that its servers have been kept on a separate network that was not affected, and no data was targeted by the attack.

Other attacks on Australian organizations

  • Within the first half of June, a large number of Australian organizations and celebrities were hit with various cyber incidents, including activewear retailer 'In Sport', drinks giant Lion, Australian Football League (AFL) fan website BigFooty.com, as well as the Australian swimming star and Commonwealth Games gold medalist Shayna Jack.
  • In the same month, hundreds of Australian websites, including ASX-listed companies, financial services firms (including Curve Securities), law firms, insurance companies, and adult entertainment stores were put on sale on the Dark Web portal MagBo, for a price range between US$1 and US$10,000.

An expected attacking season

Last month, Australian PM Scott Morrison had made an announcement that Australia's government and institutions are being targeted by ongoing sophisticated state-based cyber hacks. So in the near future, more Australian organizations may be facing the heat of cyber threats.