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Business IT

This Month

Director-general of The Australian Signals Directorate Abigail Bradshaw has acknowledged he big challenges facing SMBs trying to be cyber secure.

Small and medium businesses must act big in cybersecurity fight

SMBs face the same frightening cybersecurity landscape as larger enterprises, but lack anything like the same financial muscle and expert staff to fight back.

CISO Lens director David Cullen says AI cyber protection software is still only of limited value in the fight against hackers.

How hackers are using AI to trick their way through cyber defences

The jury is still out on whether these new tools are more helpful to hackers or cybersecurity professionals. The tech has led to an era of deepfakes and suspicion.

Ramsay Health CEO Natalie Davis says digitisation and AI are a big part of the hospital operator’s plans.

Ramsay Healthcare chief says the age of AI care is coming

The CEO of Australia’s biggest private hospital operator has flagged greater AI adoption as a way to help improve services.

NextDC chief executive Craig Scroggie says reports of reduced investment in data centre capacity are not borne out it his company’s books.

Microsoft pull-back casts doubts on local data centre boom

The CEO of data centre operator NextDC hoses down suggestions the sector is in for a correction but analysts warn of ‘AI fatigue’ across businesses.

March

Oracle denies being breached by a hacker, but hundreds of Australian clients are on alert after being named.

Hacker claims Oracle breach, sending business and agencies scrambling

Australia’s biggest companies rushed to check their systems after a hacker claimed to have stolen important credentials via tech giant Oracle.

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February

ASX’s Helen Lofthouse has described the December outage as highly irregular.

ASIC launches investigation into ASX’s December settlement failure

The corporate regulator is already suing the market operator for misfires in its ageing infrastructure platform. The new probe could lead to a second lawsuit.

January

Atlassian chief executive Mike Cannon-Brookes recorded a video on the company’s Loom platform to accompany his results’ presentation.

Atlassian rockets to three-year high after earnings surprise

Mike Cannon-Brookes says the company has had some “massive customer wins”, sending its shares soaring almost 20 per cent on Friday.

November 2024

Shaneen Marshall, chief of technology and strategy at Zurich Financial.

AI gets real as big business finds its feet

An era of cautious, low-stakes experimentation is rapidly giving way to tangible changes in how some of Australia’s largest operations run.

October 2024

Privacy Commissioner Carly Kind says giving ChatGPT personal information to generate tailored marketing or financial recommendations may be a breach of privacy laws.

Why you could be fined for using ChatGPT at work

Giving ChatGPT personal information to generate tailored marketing or financial recommendations may be a breach of privacy laws, the Privacy Commissioner says.

Minister for Industry and Science Ed Husic.

Tech giants, major banks warn Labor to tread lightly on AI regulation

The companies say sweeping rules like those in Europe and called for by public interest groups will do more harm than good, and could restrict new uses.

KPMG Australia

This is the kind of consulting work KPMG Australia will send offshore

The firm’s consulting arm plans to send 44,000 hours of work to employees based overseas this financial year as part of a push to change the way KPMG operates.

September 2024

Home Affairs and Cyber Minister Tony Burke will unveil new laws at the AFR Cyber Summit on Tuesday.

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.

August 2024

Cisco is making cuts as it looks to focus on faster growth areas like AI and cybersecurity.

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.

Luke Anear, founder and CEO of SafetyCulture says

This Aussie unicorn is paying millions for a chief AI officer. Should you?

SafetyCulture is on the hunt for its first AI boss as companies scramble to find executives to help unlock billions of value from the hot technology.

Amazon founder Jeff Bezos handed over the reins of the company in 2021 and his successor Andy Jassy has been spending heavily on AI services.

Amazon shares drop as AI costs spook market

Like Microsoft earnings earlier in the week, Amazon investors are ignoring profits, and starting to worry about whether big AI investments will ever be recouped.

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July 2024

Companies are starting to measure gains from generative AI, but research shows over half of Australian workers are using the technology without rules or guidance.

Workers are using AI in the office - but where are the rules?

Companies are starting to measure gains from generative AI. But research shows over half of Australian workers are using the technology without rules or guidance.

Google planned to make Wiz a key part of its fight against Microsoft and Amazon Web Services.

Google’s biggest acquisition falls over as $35b offer rejected

Cybersecurity firm Wiz has turned down a mammoth takeover bid from Google’s parent company, Alphabet, sticking with an IPO plan.

Medibank is facing increasing legal challenges related to a 2022 data breach.

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.

Experts say the swift and effective intervention of the National Co-ordination Mechanism, under Home Affairs Minister Clare O’Neil, was a positive sign that Australia is becoming better at responding to IT disasters.

Why business is left helpless when big tech stuffs up

Experts say there is little most organisations can do to avoid future calamities like the CrowdStrike outage, but Australia’s emergency responses are improving.

A blue screen of death.

CrowdStrike failure raises billion-dollar compensation question

Insurers could bear the brunt of costly fallout from the global IT outage on Friday, as techies at companies worked over the weekend to get services back up and running.

Original URL: https://www.afr.com/topic/business-it-5vk