The Brothers Bloom
Cryptocurrency

A teenager and his brother have pulled off a $5 billion cryptocurrency scam

- June 24, 2021 2 MIN READ

Two young brothers behind South African cryptocurrency investment firm Africrypt have disappeared with an estimated $5 billion worth of investors’ money in what could be the largest ever cryptocurrency scam. Raees and Ameer Cajee – 21 and 18-years-old respectively – founded Africrypt in 2019 and promised customers significant returns on investment, reportedly as high as… Read more »

Tim Berners-Lee
Global tech

World Wide Web inventor Tim Berners-Lee is selling the source code as an NFT

- June 17, 2021 2 MIN READ

Tim Berners-Lee, creator of the World Wide Web (WWW), is auctioning off the source code for his world-changing invention as a non-fungible token (NFT). The winning buyer will receive files of the source code Berners-Lee wrote in between 1990 and 1991, a 30-minute silent animation of the code being written – which you can view at Sotheby’s –… Read more »

butcher, abattoir, meat, beef
Cyber security

The meat processor behind Primo and Hans has closed 47 sites after a cyber attack took out its IT

- June 1, 2021 2 MIN READ

A cyber attack on US meat processing company JBS Foods, which owns the brands Hans and Primo, forced the closure of 47 facilities around Australia on Monday. The attack was confirmed by JBS Australia CEO Brent Eastwood who spoke to industry news site Beef Central, saying he was unsure how long the outage would last. In 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 »

Global tech

Signal cops Facebook ban for ads warning how the social media platform uses your personal data

- May 6, 2021 2 MIN READ

Privacy-focused messaging app Signal has invoked the ire of Facebook after it created a series of advertisements designed to show Instagram users how their data is being used for micro-targeting. In a blog post this week, Signal’s head of growth Jun Harada said the app – owned by the non-profit Signal Foundation – found its ad-buying account… Read more »

Other tech

The Asia-Pacific market for Internet of Things devices is set to quadruple to $436 billion in just five years

- April 27, 2021 3 MIN READ

Internet of Things devices will soon be used to power and better manage cities’ transportation, power grids and security, with the rise of smart cities to drive unprecedented demand in connected devices. According to a new report by Frost & Sullivan on the growth of the IoT market, spending on smart cities around the world… Read more »

Advice

Tech talent demand is pushing up IT salaries in Australia, especially for cloud engineers and cyber specialists

- April 20, 2021 2 MIN READ

Salaries for IT professionals are still on the rise despite slow wage growth in Australia, a new survey has found. Recruitment firm Robert Walters has published its annual salary guide which once again shows high demand for local technologists as digital transformation ramped up over the past year. Managing director of the company’s Asia Pacific operations, David… Read more »

Cryptocurrency

How a simple Apple App Store scam stole $1.3 million worth of bitcoin from one cryptocurrency investor

- April 7, 2021 2 MIN READ

A man lost 17.1 bitcoin – worth $1.3 million today – in an Apple app store scam that serves as a warning to people wanting to track their cryptocurrency on smart phones. Over the course of a few years, Phillipe Christodoulou banked up the bitcoin, watching as its value started to climb last year, according the Washington Post.… Read more »