This Month
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.
February
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 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
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
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.
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.
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
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 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.
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 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.
July 2024
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’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.
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.
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.
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.
ASX cuts back on overpaid tech contractors who were ‘taking the p---’
The company’s tech boss is reducing reliance on contractors and consultants after insiders blew the whistle on temporary staff.
Regulator needed as ASX techies tinker with critical infrastructure
The ASX has a glut of big tech upgrades to deliver, on top of its CHESS debacle ‘do-over’. If it stuffs them up, then everyone in the market suffers.
The ASX faces a ‘ticking time bomb’ as technology upgrades delayed
The market operator is attempting to simultaneously upgrade several major systems, one of which is at an early stage and already seven months behind schedule.
Ex-Atlassian insiders pull in millions for AI development start-up
Redactive has raised $11.5 million from local and US-based investors after convincing financial services clients to use it to help software engineers develop AI tools.