Medibank to close stores, call centres
Customers of Australia’s largest health insurer will be unable to access its facilities, with the company forced to take action following the recent attack on its data.
Technology
‘War’: Elon Musk suddenly backflips
Elon Musk has completely backflipped on his threat to “go to war” with Apple, just days after publicly calling out the tech company’s CEO.
What Medibank hack victims should do next
Hackers have once again released the private details of Medibank customers onto the dark web, with advice on what their next step should be revealed.
Massive cash boost for one group
Funding available for start ups in one state will be boosted by up to eight times its current amount, with $40 million added to the pool.
Simple act to save Aussie women
Australians can now do one simple thing to support women fleeing domestic violence just by pushing a button.
Meta staff fired for hijacking user’s accounts
It’s notoriously difficult to get help from Facebook if something goes wrong with your account, but leaked documents have revealed further problems.
Medibank execs defend handling of hack
A top Medibank executive has defended the insurer’s handling of a massive hack which exposed Aussies’ sensitive health data.
Company’s brutal cuts to save $14.3m
The Australian outfit has slashed 30 per cent of its workforce as it was hit by a slowdown post pandemic with its shares diving by 70 per cent this year.
Six-figure job Aussies want to quit
High-flying salaries aren’t enough to keep some Australian workers in this career, with stress levels rising and warnings of a shortage on the way.
Billionaire’s blistering letter to Google
With a $6 billion stake in the company, he released a scathing letter on the performance of Google and called for “aggressive” cost cutting measures.
Six-figure career desperate for workers
One profession is experiencing a significant shortage despite soaring salaries being offered and a rising demand for their work.
Vape company sacks 400 staff in shock move
A major vape company needs to trim half its staff to starve off bankruptcy – but business insiders fear the worst is yet to come.
Eye-watering fine for internet speed lie
Australia’s three largest internet providers have been handed whopping fines for making misleading statements in ads about their NBN speeds.
Horror as $1.2b wiped from company
Another tech outfit has had a brutal day, with losses soaring by 170 per cent, shares plummeting and $1.2 billion wiped off its valuation.
Criminal’s 24-hour threat to Medibank
A cybercriminal has threatened to release stolen Medibank customer data, with federal police working to prevent the move.
Shocking number of Aussies exposed to hacks
The true extent of hacks like the recent Optus and Medibank cyber attacks has been revealed through new research.
Couple accused of $10m crypto theft
A man and woman are accused of the theft of more than $10m in crypto they mistakenly received in a bungled transfer and spent on luxury goods.
Dire warning for iPhone fans
Those trying to get their hands on the latest Apple tech will face significant delays due to one thing.
Incredible payout for 1120 sacked staff
A company has revealed the “painful” decision to cut 14 per cent of its workforce, but has unveiled what impacted employees will receive.
Hyped Aussie start-up loses $62m
The Australian business, which was started in a garage in Townsville and now has office space that looks like Coles and Toyota, has defended the losses.
Major Telstra outage hits Aussies
Telstra has blamed flooding for widespread outages that have left hundreds of customers without mobile coverage since 3am.
Elon Musk pulls wild stunt at Twitter HQ
Elon Musk posted a video of himself barging into Twitter headquarters – two days before his court-ordered deadline to close his $67 billion deal to buy the platform.
Budget’s $5.5m to investigate Optus hack
The federal government has promised to dedicate millions of dollars to “investigate and respond” to the massive cyber attack which rocked Optus.
Aussie company sued over crypto coin
The corporate watchdog has launched Federal Court action against an Australian company over a crypto-asset token called the Qoin Facility.
Fears workers are squandering job boom
Experts say that “now is the time” to change jobs, but one thing is holding Aussie workers back from better pay and conditions.
Why Aussies hit harder by hackers
As major companies grapple with huge cyber attacks that saw the data of millions of Aussies stolen, one expert says there’s a reason we’re being hit so hard.
Fears for Aussie data after ransom demand
A major Australian company has been issued a ransom demand with fears customer data has been stolen in a cyber attack.
‘Squander a decade’: Warning to billionaire
A climate celebrity has declared a powerful Aussie has made the country “drink the kool-aid” over his energy plan.
Billionaire defends pay gap for Aussie staff
Technology giant Atlassian has defended its two-tier pay system for workers, with co-founder Scott Farquhar saying it is common practice.
‘Malicious’ attack: More Aussie data stolen
Another Australian company has been hit by a cyberattack, which could have exposed the personal details of several thousands of people.
Teen charged after Optus hack scam
The first arrest in the fallout of the Optus cyber attack has been made, with a man taken into custody by the AFP.
‘Destroyed’: New rules after Optus hack
The Federal government is working to implement a string of tough new rules after the Optus data leak saga.
’Relentless’: More Aussie data stolen
An alarming amount of personal information has been stolen in another cyber attack on an Australian business, including tax file numbers and medical records.
‘Not good’: Optus not cooperating after leak
The government says Optus has not been cooperating in the aftermath of its major data leak, as Australians are warned to stay vigilant.
Scale of Optus hack expands even more
The number of customers whose data may have been exposed appears to have grown further, according to a new report.
‘Astonishing’: New group at risk from hack
Former Optus customers affected by the hack who haven’t been with the company for years have brought into focus laws leaving Aussies vulnerable.
Fury at fresh issue for ex-Optus customers
Claims from Optus’ CEO that the impacted customer data dates back to 2017 have been called into question by outraged former customers.
‘Irony’ as Optus shares customers’ details
Optus customers have been shocked after having other people’s personal details sent to them by telco workers after they reached out for help.
Medicare details breached in Optus hack
It now appears Medicare details have been exposed as part of the Optus cyber attack, with millions of Aussies reeling from the security breach.
‘Very sorry’: Bizarre twist in Optus hack
In a bizarre turn of events, the hackers behind the major data breach have released a statement revealing what will happen next.
Aussies rage at three words in Optus email
Three words being sent out in an email to thousands of past and present Optus customers has sparked outrage, as the telco cops fresh backlash.
Hacked Aussies could see big payout
An investigation into the cyberattack affecting nearly 10 million Aussies could result in justice for disgruntled customers.
Aussies upset by text from Optus after hack
Optus customers are furious after receiving this message from the telco after the personal data of Aussies was stolen in a huge cyber attack.
Cops trawl dark web for stolen Optus data
The AFP is monitoring the dark web as fears grow stolen Optus customer data is already being sold online.
‘A flurry’: First sign you’ve been hacked
A cyber expert has explained how Optus customers will know they’ve been hacked, after the telco suffered a major cyber attack that left millions compromised.
Why your Uber score could be ruined
One of Australia’s top rated Uber drivers has revealed the way passengers can lose or gain a coveted 5-star rating on the app.
Aussies become instant millionaires
The two men sold their start-up for millions with the acquisition set to give the “market a heart attack”, according to one of its founders.
Internet provider slapped with huge penalty
A major internet provider has been hit with a massive penalty for safety breaches and been warned the regulator will be keeping an eye on the company.
‘Painful’: Snapchat sacks 1300 staff
The social media company warned the lay offs were necessary across the globe to prevent “ongoing significant losses” and will shutter a number of divisions.
Staff owed $2.5m as Aussie firm collapses
Staff are owed $2.5 million and the company made just $61,000 in sales in the past financial year, with the corporate regulator set to investigate the collapse.
Tech giant slammed for Russian ties
Angry demonstrators have accused a major tech company of having blood on its hands as it continues to operate in Russia.
How much you should be earning in your job
Updated data has revealed how high your salary should be and the industries you should be considering moving into.
Surprising scam catching out Aussies
While all eyes are on a new viral WhatsApp scam dubbed “Hi Mum”, another type of scam has also been wreaking havoc.
Staff ‘shell-shocked’ at ‘$1b company’ collapse
Staff were left “shell-shocked” when they lost their jobs and investigations have revealed there was just $20,000 in the bank when it collapsed.
‘Shell-shocked’: Aussie company collapses
Staff at the company were left stunned by the news after the company planned to raise money recently based on a $1 billion valuation.
Biggest threat facing Australia
The Telstra boss has named a major threat facing Australia and named the ‘biggest lever’ that can be pulled to stop it.
Aussie company sacks 10 per cent of staff
The business pointed to the sudden “economic downturn” for slashing staff numbers but also said it was being under-cut by competitors avoiding regulations.
Facebook sacks 60 staff ‘at random’
Mark Zuckerberg has laid off 60 Meta employees using an algorithm after warning of upcoming “aggressive performance reviews”.
Nationwide outage at major supermarket
Frustrated customers were forced to ditch their shopping this afternoon after an IT outage struck multiple stores.
China’s biggest company is shrinking
A company that posted double digit growth with its eyes closed for years is suddenly shrinking for the first time.
Side hustles earning thousands of dollars
From fashion to transport, some people are earning a fortune from side hustles, but one expert warns there are some pitfalls to avoid, too.
Why millennials don’t want corporate jobs
A prominent Aussie TikTokker claims graduate salaries at the big four accountancy firms aren’t matching the workloads of the roles.
Insane work perks at start-up companies
Start-ups that have sacked huge numbers of staff are rubbing salt in their wounds by retaining lavish work perks for those who still have jobs.
Elon Musk’s huge sell off amid legal fears
Elon Musk has sold nearly $7 billion worth of Tesla shares amid a high-stakes court battle with Twitter over a $44 billion buyout deal.
Company pays $1.6m to sacked staff
The Australian business slashed around 10 per cent of its workforce, despite rising revenue, paying a huge amount of money for their terminations.
Aussie company sacks 17% of staff
The social media company raised $157 million earlier this year, but its co-founder was “heartbroken” to reveal a number of employees were being cut.
How Aussies missed billions in fuel savings
A new economic report has found how much Aussies could have saved at the bowser if better fuel efficiency standards were adopted by the government years before.
Aussie company sacks staff in 30 minutes
The company, valued at a whopping $3.5 billion, let go of 17 per cent of its staff from one division in a “devastating” decision, as the union raises concerns.
Dad’s trick to saving thousands of dollars
A father of one has revealed how he managed to save his family hundreds of dollars by making a savvy change to their car insurance.
Single click costs Facebook $10 billion
The owner of social media giants Facebook and Instagram is struggling to compete against TikTok, with its latest results showing a startling drop in profits.
‘By end of day’: Shopify cuts 10% of staff
Shares in Shopify have tumbled after the boss revealed he misjudged the growth of the e-commerce sector and now has to lay off 1000 staff.
$200 million start-up sacks 40 staff
A fast-growing start-up has sacked 40 employees despite doubling its valuation, with the company worth more than $200 million.
Shock pic shows how much you need to retire
A graph shows just how big your nest egg should be to enjoy your golden years, but the path forward contains some obstacles.
Telstra’s change after one complaint
Telstra has made a massive change to its services after hearing customers “loud and clear”.
Woman’s $2.2m home office idea
A young woman has explained how she turned a home office idea into a thriving $2.2m enterprise in less than four years.
Zuckerberg’s loyal no.2 quits Facebook
Meta chief operating officer Sheryl Sandberg announced in a lengthy post that she is stepping away from the company after 14 years.
ASX breaks glass ceiling in historic first
The company that runs the $2.5 trillion Australian sharemarket has made history with a huge announcement.
Twitter shareholders taking Musk to court
Twitter shareholders have filed a lawsuit against the Telsa boss, accusing him of manipulating stock prices ahead of his $62 billion takeover bid.
Elon Musk blamed for Aussie price hike
Billionaire Elon Musk has reportedly played a significant role in driving up the prices across Australia’s NBN phone and internet network.
Big changes to buy now, pay later
The hyper-competitive buy now, pay later sector has a brand new player – a name that many will be familiar with.
Original URL: https://www.news.com.au/finance/business/technology/page/8