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When U.S. consumers have their online bank accounts hijacked and plundered by hackers, U.S. financial institutions are legally obligated to reverse any unauthorized transactions as long as the victim reports the fraud in a timely manner. But new data released this week suggests that for some of the nation's largest banks, reimbursing account takeover victims has become more the exception than the rule.

Experts warn using any single system could have its own cybersecurity weaknesses leaving data vulnerable to misuse

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The Australian government is considering using myGov or its myGovID system to centralise digital identity authentication in the wake of the Optus data breach, but critics warn any single system could have its own cybersecurity weaknesses.

The former Telstra chief executive David Thodey was recruited to audit myGov when the Albanese government came into power, and his review would now examine whether myGov could be used to prevent people needing to present ID documents multiple times, a spokesperson for the government services minister, Bill Shorten, said.

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Healthy habits that are instilled and nurtured at an early age bring lifelong benefits – the same applies to good cybersecurity habits

The post The need to change cybersecurity for the next generation appeared first on WeLiveSecurity