Cryptocurrency

Quantum computing could be just as a few years away from creating a day of reckoning for cryptocurrencies

- November 10, 2021 3 MIN READ

Researchers are working to head off the collapse of cryptocurrency markets that, experts warn, could happen when quantum computers become strong enough to break the encryption underlying Bitcoin, Ethereum and other cryptocurrencies – estimated to come by 2035. That timeline represents an existential threat for Bitcoin and its ilk, which rely on mathematical encryption so… Read more »

Phone frustrated
News & Analysis

Telecommunications Industry Ombudsman says small business cops it hardest when problems arise with telcos

- September 24, 2021 3 MIN READ

Complaints about telecommunications providers declined last year for the third year in a row – but a surge in complaints from small businesses suggests that Australia’s telecommunications providers are still falling short of their promises of improved customer service. Phone and Internet-related complaints declined 6.1% during the 2020-21 financial year, according to the Telecommunications Industry… Read more »

Medieval siege
Cyber security

Cybercrime reports in Australia are now being lodged every 8 minutes

- September 17, 2021 3 MIN READ

The volume of cyber security attacks has grown so much during the COVID-19 pandemic that victims were lodging a new cybercrime report every 8 minutes, the Australian Cyber Security Centre (ACSC) reported, as it launched its latest annual report into Australian cybercrime. With over 67,500 reports of cybercrime received during the 2020-21 financial year, the ACSC… Read more »

smishing
Cyber security

Scammers have moved in on Australia Post’s delivery problems with SMS ‘flubots’

- September 3, 2021 3 MIN READ

Australians must be extra cautious about what messages they click on in coming weeks, after Australia Post’s three-day hiatus on package pickups created a new window for cybercriminals tweaking the Flubot ‘smishing’ attack to tap uncertainty around COVID test results, vaccines, and deliveries. More than 5,500 Australians have told the ACCC Scamwatch service that they have received text… Read more »

Andrew Barnes
Business strategy

Go1’s Andrew Barnes says incubators are not the ‘silver bullet’ startup founders hope they’ll be

- August 25, 2021 4 MIN READ

Startup incubators have their value but they aren’t a “silver bullet”, the CEO and founder of recently anointed Australian unicorn Go1 has warned as the six-year-old company gets ready to invest its newly acquired $272m ($US200m) VC windfall. The success of the newly-minted unicorn wasn’t always assured, CEO and founder Andrew Barnes told a recent ‘Ask Me… Read more »

dogecoin, cryptocurrency
Cryptocurrency

The RBA says there’s no chance cryptocurrencies will become legal tender in Australia

- August 4, 2021 3 MIN READ

Cryptocurrency is unlikely to ever become legal tender in Australia, a Reserve Bank of Australia (RBA) executive has concluded during a Parliamentary hearing exploring competition, data privacy and fintech innovation issues. Despite watching the emerging cryptocurrency market for the past eight years, Dr Anthony Richards, head of the RBA’s Payments Policy Department said, “we just… Read more »

News & Analysis

FASTER, HIGHER, SMARTER: Tech hits the podium at the Tokyo Olympics

- August 1, 2021 3 MIN READ

Given Japan’s long-time position as a high-tech leader, Tokyo’s 2020 Olympics were a natural way to show off the country’s know-how and manufacturing capability – and as the spectacular drone display of the opening ceremony gave way to the everyday competitions of the next two fortnight, new technologies were everywhere. That drone exhibition – in which a… Read more »

cybersecurity
Cyber security

It’s been a great year for cyberhackers trying to crack open financial services

- May 26, 2021 3 MIN READ

Banks, investment firms and other financial services and insurance (FSI) companies suffered from a massive boost in cybercriminals’ attention during 2020, according to a new analysis that identified 3.4 billion credential-stuffing attacks targeted at FSI firms alone. That included a 45 per cent year-on-year jump in credential stuffing – in which cybercriminals use stolen login credentials to… Read more »

Cyber security

The tech sector says the budget’s response to addressing cybersecurity threats ‘falls short’

- May 14, 2021 3 MIN READ

While technology-industry figures have welcome a smattering of relevant Budget allocations, many have warned that its failings in areas such as skills development and cybersecurity defence will have dire long-term consequences. Despite announcing $1.2b in tech-industry support and tax breaks, this Budget’s biggest technology-industry investments related to the $301.8m expansion of the My Health Record system and… Read more »