After lengthy deliberation, the Australian government has released its 2023–2030 Cyber Security Strategy, which aims to make Australia one of the most cyber-secure nations in the world by 2030. It’s a worthy goal, considering Australia was ranked as the fifth-most powerful cyber nation in a 2022 report by Harvard University’s Kennedy School. The strategy outlines… Read more »
The driver licence information of a hundred thousand Australians has been stolen after a major consumer finance company was targeted with a “sophisticated and malicious cyber-attack”. Latitude Financial, a major non-bank lender of consumer credit in Australia boasting 2.8 million customer accounts, revealed on Thursday that it had been breached following a significant cyber attack… Read more »
The federal government is pursuing a new cybersecurity agenda in the wake of last year’s major cyber breaches with Optus and Medibank. “For businesses these days, cybersecurity is as important as having a lock on the door”, said Prime Minister Anthony Albanese in opening the government’s cybersecurity roundtable in Sydney on Monday. There, Minister for… Read more »
The hacker got credentials from a third-party IT provider. Australian health insurer Medibank made a “rookie mistake” that led to one of the largest data breaches in our country’s history, a cyber security expert has claimed in the wake of new details about the breach. In its half-yearly report, Medibank shared a brief outline of… Read more »
Scroll the news and it won’t take long to find a story about a cyber attack or data breach on yet another unlucky company. With corporate cyber crime on the rise, it’s time for startups to learn from others’ mistakes. You don’t want to think it’ll happen to you, until it does. That’s the message… Read more »
The federal government is further stepping up its efforts to improve Australia’s protection against increasing cyber threats, with Prime Minister Anthony Albanese on Monday announcing the establishment of a Coordinator for Cyber Security. The aim is to “ensure a centrally coordinated approach” to the government’s cyber security responsibilities. This would include coordinating and “triaging” action… Read more »
The spate of global and local data leaks – privacy breaches that affected millions of Australian consumers and thousands of Australian businesses – have much to teach the corporate world: that business growth should not come at the expense of customer privacy. These incidents tend to occur because many companies operate business models that collect,… Read more »
The Optus data breach, which has affected close to 10 million Australians, has sparked calls for changes to Australia’s privacy laws, placing limits on what and for how long organisations can hold our personal data. Equally important is to strengthen obligations for organisations to publicly disclose data breaches. Optus made a public announcement about its… Read more »
Shortly after Australian telecommunications company Optus announced the identity data of millions of customers had been stolen, a person claiming to be the hacker announced they would delete the data for US$1 million. When Optus didn’t pay, the purported hacker published 10,000 stolen records and threatened to release ten thousand more every day until the… Read more »
Early stage investment company Antler Australia recently backed 13 startups as part of its ongoing program to build great local tech companies. Over the next six weeks, Startup Daily will share the details of each venture in the “Antler Investor Memos” series. You can also meet the founders on the Startup Daily show on ausbiz.com.au… Read more »
Last week, Australia’s new Prime Minister Anthony Albanese announced his government’s first full ministry, with Victorian member Clare O’Neil appointed Minister for Home Affairs and Minister for Cyber Security. It’s the first time cyber security has had its own portfolio in the Australian cabinet. Former Minister for Home Affairs Karen Andrews was in charge of… Read more »
An Indigenous Australian Army veteran who’s build a successful tech startup over the last six years has spun out a cybersecurity company with the ambition one day launching it on the ASX. Kieran Hynes is a Worimi man from the Newcastle region who spent 13 years as an Army officer, dealing with military tech, from… Read more »
Melbourne cybersecurity startup Cydarm has raised $3 million in its second equity round. The round was led by Japan-focused local VC InterValley Ventures, supported by Five V Capital, with Sydney VC Right Click Capital doubling down on its initial 2018 investment, the company’s first. Several individual cybersecurity execs also chipped in. The funds will be… Read more »
AustCyber’s annual Australian Cyber Week, began today, running October 25-29. The event offers a mix of virtual and in-person sessions focused on the Australian cyber security industry and local innovation. The full event schedule is here. Highlights include 10 companies pitching on October 27, with viewers able to back them with virtual dollars and vote for… Read more »
Encryption technology startup CipherStash has raised $3.3 million in a seed round as it looks cracking the US market. The round was led by AirTree and US VC Nexus Venture Partners, supported by Linktree CTO Zak Islam,Threatmatric co-founder Alisdair Faulkner and Buildkite’s Keith Pitt. The startup is an end-to-end, searchable encrypted data storage platform. It… Read more »
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