Login
iscover
Second Commissioner says criminals are getting smarter about identity theft and the tax infrastructure is vulnerable.
ATO ‘hit by 3m cyber attacks a month’
20 October 2022
•
7 minute read
The ATO is hit by up to 3 million attempted cyber hacks per month, according to Second Commissioner Jeremy Hirschhorn, who said criminals were getting smarter about the way they gathered information for identity theft.
You’re out of free articles for this month
To continue reading the rest of this article, please log in.
Create free account to get unlimited news articles and more!
Addressing the Tax Institute Tax Summit this morning, Mr Hirschhorn described cybersecurity as the flipside of the office’s push towards digitalisation and the Optus data breach had “dispelled hubris” and about how vulnerable many businesses were to attack.
“For our part of the ecosystem alone, during this talk, if the average rates hold, there will have been about 4,000 attempted hacks of our system,” he said during the 40-minute presentation.
“We have about two and a half to 3 million attended hacks of our system every month.”
He said more concerning was identity theft as clever cyber criminals compiled pieces of data from weak points across the tax infrastructure.
“So tax agents’ systems are a ripe source of data, superannuation funds
around information, and even taking over the identity of directors.
“So increasingly we see cascading penetration attempts, where criminals attempted to obtain information from different places before putting it together for a fraud attempt.
“And I think for many of us, the Optus data breach has really brought home how vulnerable many businesses and organisations are to attack and dispelled any sense of hubris.
“We continue to strengthen our safeguards and also are thinking about how we can help that broader ecosystem of which your part.”
You need to be a member to post comments. Become a member for free today!
