“There is no panacea to the threat of cybercrime, but you can take a measured approach to reducing your risks,” says Ben Jones, co-founder of new cybersecurity startup, Jumpstart Security. Jones and co-founder Saaim Khan are on a mission to make cybersecurity simple and easy for small business owners. Launched in Sydney this week, Jumpstart… Read more »
A $3.6 million funds transfer by Cann Group to an overseas contractor building the medicinal cannabis company’s Mildura factory has been stolen in what’s been described as a “complex and sophisticated cyber fraud” by an unknown hacker. The company (ASX: CAN) reported the breach to the market this morning, saying it “experienced a cyber security… Read more »
Australia’s long-awaited cybersecurity strategy, pledges to spend A$1.67 billion over the next ten years to improve online protection for businesses, individuals and the country as a whole. The lion’s share of the cash will go towards policing and intelligence, with smaller amounts set aside for a grab bag of programs from cybersecurity training to digital… Read more »
The Australian Government released Australia’s Cyber Security Strategy for 2020 this week. It outlines an investment in our nation’s cyber capabilities of $1.67 billion over the next 10 years, advocates for collaboration, and articulates actions required across government, businesses, and the community to make Australia more resilient to cyber incidents. The strategy is a win for… Read more »
The Australian Cyber Security Growth Network (AustCyber) on Monday released a report modelling the potential impact of cyberattacks and sustained digital outages on Australia. The Digital Trust Report’s modelling suggests four weeks of partial “digital disruption” could displace up to 163,000 jobs and damage the economy to the tune of A$30 billion. According to AustCyber’s… Read more »
The Australian Cyber Collaboration Centre is officially opened in Adelaide to further vital work to protect against attacks. Established as an independent not-for-profit entity through a $10 million investment by the South Australian government, the centre is located in Adelaide’s Lot Fourteen innovation neighbourhood and will concentrate on training cyber experts and developing security products.… Read more »
In an age of isolation, video sharing platform TikTok has emerged as a bonding force for many. But recent headlines allege the service, owned by Beijing-based company ByteDance, is feeding users’ data to the Chinese Communist Party. Earlier this week, the Herald Sun reported that an unnamed federal MP was pushing for the app to… Read more »
The Australian government is ramping up its cybersecurity defences, announcing on Tuesday that it will spend $1.35 billion over 10 years to enhance the national capabilities and assistance via the Australian Signals Directorate and the Australian Cyber Security Centre. Dubbed the Cyber Enhanced Situational Awareness and Response (CESAR) package, the focus will range from cyber… Read more »
Prime Minister Scott Morrison said Australian organisations are currently being targeted by “a sophisticated state-based cyber actor” in a media conference that appears to escalate the ongoing war of words with China. “This activity is targeting Australian organisations across a range of sectors, including all levels of government, industry, political organisations, education, health, essential service providers… Read more »
Another threat SMEs need to deal with while focusing on the impact coronavirus is cybersecurity, especially as people work from home. Tech and accountancy business MYOB says cybersecurity is a key risk smaller businesses often don’t pay attention to. MYOB Head of Product, SME, Dale Dixon says companies and their staff need clear guidelines on… Read more »
Australian logistics giant Toll Group reverted to manual systems after a ransomware attack on part of its IT network last week, as the company liaises with government cybersecurity experts and works to restore its systems. The government’s Australian Signals Directorate’s Australian Cyber Security Centre (ACSC) issued a warning yesterday for companies to update their… Read more »
Kasada founder and CEO Sam Crowther. Cybersecurity startup Kasada has closed its $7 million Series A raise with the CIA’s 20-year-old venture capital fund, In-Q-Tel (IQT) joining the round. The Sydney tech venture previously announced the first $6.5 million in the Series A from the CSIRO’s innovation fund, Main Sequence Ventures, and Westpac’s Reinventure Group,… Read more »
The world nowadays is all about “hygiene”. There’s sleep hygiene, kitchen hygiene and as Startup Daily learnt from Detexian co-founder Tan Huynh (pictured above) this week, data hygiene. Not being IT-inclined, and the dad who asks his kids to sort out apps on his phone, our conversation on The Problem Solved this week about what… Read more »
Wellington-based RedShield, a cybersecurity startup that provides API protection via web application shielding, has raised NZ$14 million (AU$13m). New Zealand private equity firm Pencarrow led the round ahead of existing shareholder Sage Technologies. RedShield’s CEO and co-founder Andy Prow (pictured above) said the support recognised the company’s success in New Zealand , the US, UK… Read more »
Stone & Chalk CEO Alex Scandurra Fintech innovation hub Stone & Chalk is setting up shop in Adelaide in partnership with the South Australian Government Stone & Chalk will be the anchor tenant and startup hub operator at Lot Fourteen, the massive and ambitious innovation precinct on the seven-hectare former Royal Adelaide Hospital site. With… Read more »
Elon Musk’s satellite broadband, Starlink, is coming to Sydney in 2021
SME fintech Thrive just smashed crowdfunding records, raising $3 million in 3 days
Canva buys two design startups after doubling its monthly users to 50 million in just 12 months
Westpac teams up with lending fintech SocietyOne for digital banking play
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