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How CrowdStrike’s outage became Australia’s big cyberattack rehearsal
Qantas chairman John Mullen got the “blue screen of death” while Telstra’s cyber chief Narelle Devine was in the pool sipping cocktails when she got the call that something was seriously wrong.
It’s tough to make an outsize return in cybersecurity, big funds say
Hack ETF, an index that tracks the performance of the global cybersecurity sector, was up 72 per cent in five years. The S&P500 rose 87 per cent in that time.
ASIC readies to wield a big stick against boards lax on cybersecurity
The regulator is talking about investigating directors who have been remiss in guarding against hackers. Not everyone thinks that’s the best approach.
Why John Mullen wishes he’d paid a cyber ransom
When hackers targeted Qantas chairman John Mullen’s private maritime museum, he didn’t pay the ransom out of principle.
Cyberspies phone businesses to warn of danger but half don’t respond
The Australian Signals Directorate’s new director-general Abigail Bradshaw says there is a stigma to being attacked, but it is costly for companies.
September 2024
Regulators warn cyber reforms won’t provide immunity from prosecution
Home Affairs Minister Tony Burke has outlined changes that would provide some cover for companies to provide more information to agencies after a cyberattack.
In our world, cybersecurity is no longer guaranteed, says Burke
Cybersecurity Minister Tony Burke warns that cyberattacks are evolving so quickly the “normal methods of how government would assist just aren’t appropriate.”
ASIC pursues board directors over cyber breaches
ASIC says more investigations are underway, scrutinising how boards and directors have responded to cyberattacks.
Business to get cyber ‘safe harbour’ protections
New laws will mean companies cannot be punished based on data they share with authorities while trying to recover from cyberattacks.
Aussie cyber firm goes it alone with US expansion
Trent Telford is on a high after his firm Cocoon Data scored a Google deal and made progress cracking the US market, but he says it’s no thanks to the Australian government.
Why AI is a double-edged sword in the fight against cyberattacks
Artificial intelligence can overwhelm traditional cybersecurity based on rigid rules and human oversight. But it can also provide the best defence.
Labor’s privacy reforms the ‘tip of the iceberg’
Privacy Commissioner Carly Kind is happy with a suite of new powers to hit companies with big fines for privacy breaches, but says she can’t pursue the vast majority of complaints.
Toughest anti-scam protections in the world unveiled
Banks, telcos and social media platforms will be required to put help for scam victims front and centre on their websites and boost call centre assistance under new proposed laws.
Tech moguls face the revenge of the regulators
Democratic governments are losing patience with cyber-libertarian tech moguls who thumb their noses at authorities perhaps one too many times.
August 2024
How Kamala Harris would rule the world
The Democratic presidential candidate has been training for 21st-century threats: cyber and space warfare, artificially intelligent weapons, and quantum computing.
Younger people overtake Boomers as biggest investment scam victims
More than half of investment scam victims last financial year were aged under 50, while a similar portion of the losses were in cryptocurrency, according to the AFP.
What Microsoft boss learnt from Senate grilling on AI
Microsoft’s Steven Worrall says Australia’s economic outlook over the next 30 years depends on it getting AI regulatory settings, and training plans, right.
Cisco slashes jobs, looks towards AI and cybersecurity
Cisco, the biggest maker of computer networking equipment, gave a bullish revenue forecast, but also announced plans to slash jobs as part of a strategy shift.
Cisco plans thousands of jobs cuts in cyber, AI shift
Cisco will reportedly eliminate 4000 jobs in a second round of layoffs this year, as it moves its focus to areas such as cybersecurity and artificial intelligence.
Companies to face fines for failing to disclose cyber ransom payments
Legislation due to be introduced to federal parliament within weeks will require businesses with a turnover of $3 million or more to report payments to hackers.
July 2024
Tech meltdown revealed a fundamental flaw in plain sight
The global CrowdStrike breakdown revealed just how much of the global IT system is built on inherently unsafe code.
A new battleground: Why companies need a digital bodyguard
New cybersecurity threats and the targeting of senior executives have prompted businesses to adopt a ‘whole of organisation’ approach.
Why investors see an opportunity in CrowdStrike shares
Australian stock pickers say a plunge in CrowdStrike’s shares after it caused a global outage represents a buying opportunity, with slim cyber pickings on the ASX.
Huge cyber fines to be ‘Ford Pinto’ moment Australian business needs
The threat of business-crushing penalties could change the economics of storing sensitive data and cybersecurity investment.
Cyber is our fastest growing national security threat: O’Neil
The Home Affairs Minister says Labor’s plans to boost Australia’s defences against increasing online risks are already delivering results.