ASX
ASX

RBA and ASIC rip into the ASX after dumping its $250 million blockchain experiment

- November 22, 2022 3 MIN READ

The Australian Stock Exchange has pulled the pin on its much-vaunted blockchain project after seven years of work and at a loss of about $250 million. The ASX has been working with tech firm Digital Asset (DA) to develop a replacement for its Clearing House Electronic Subregister System (CHESS) based on distributed ledger technology since the… Read more »

Mark Zuckerberg
Global tech

America’s pioneering tech giants are shedding 25,000+ jobs as Chinese rival TikTok looks to double in size

- November 17, 2022 3 MIN READ

More than 25,000 jobs are set to be cut at three of the biggest tech companies in the world, as rapid growth during the pandemic slows and broader economic headwinds pick up speed. Reports emerged this week that Amazon is planning to lay off about 10,000 people, on the back of Facebook parent company Meta’s… Read more »

Fintech

Payments startup Xiippy named the best in Queensland tech

- November 3, 2022 2 MIN READ

Privacy-focused payment startup Xiippy was the big winner from the River Rival pitch competition that closed out Brisbane’s Something Tech conference last week, taking out both the judge’s award for Best in Product and tying for the Best of the Best award with diabetes medicine subscription service Stripped Supply. Xiipy is encouraging retail merchants to… Read more »

Cyber security

It looks like corporate Australia’s key response to a raft of damaging data hacks is to hire more PR spinners

- November 2, 2022 3 MIN READ

Businesses are girding corporate communications teams with cyber security specialists as executives watch the cyber security disasters at Optus and Medibank play out in front of their eyes – and consider how they would manage the public fallout from a similar incident. The impact of the recent spate of breaches is evident at the ANZ… Read more »

MediBank
Cyber security

‘DISTRESSING DEVELOPMENT’: The Medibank data breach is much worse than first thought

- October 25, 2022 3 MIN READ

Medibank has reported a “distressing development” regarding its unfolding cyber incident, as “a series of additional files” received from a criminal party have been found to include detailed Medibank customer data. The health insurance provider first reported “unusual activity” on its network on 13 October – and it was initially believed no customer data had been removed… Read more »

man and woman in tech room
Future of work

Report: The IT sector leans too heavily on uni degrees and needs to loosen up, says ACS

- October 18, 2022 3 MIN READ

Australian employers could resolve ICT skills shortages by winding back their expectations that candidates have university degrees, according to an extensive ACS analysis that found there are more jobs posted in ICT than any other profession except healthcare. ICT job postings increased by 14% between 2016 and 2021 and have outpaced the overall employment market… Read more »

The IT Crowd
People

The Census reveals there’s been a boom in IT-qualified Australians over 5 years, but there’s still a massive skills gap

- October 14, 2022 3 MIN READ

Australians have embraced cyber security and artificial intelligence (AI) qualifications over the past five years, but the industry needs to turbo-charge recruitment to fill its skills gap, according to newly released 2021 Census figures that confirm the number of IT qualified workers in Australia has grown by 36% since 2016. The latest tranche of data… Read more »

Politics

Web developers are among 10 IT roles added to the federal government’s national skills shortage list

- October 7, 2022 2 MIN READ

The National Skills Commission has added 10 more IT-related occupations to its list of skills facing national shortages, once again highlighting the need to train more technology talent in Australia. Web developers, database admins, and business analysts are now among jobs on the Commission’s official skills shortage list which informs Australia’s migration and skills development policies.… Read more »

Google, Mel Silva
Politics

The Australian Senate is holding an inquiry into the market dominance of Big Tech, including Meta, Google, Apple & Amazon

- October 5, 2022 3 MIN READ

Years after launch of the Digital Platform Services Inquiry (DPSI), so-called Big Tech firms face further scrutiny after the Senate announced a second inquiry into their market share, manipulation of customers, vertical integration, and use of proprietary algorithms. The Senate Standing Committees on Economics’ Influence of International Digital Platforms inquiry has been tasked with exploring the degree… Read more »

Uber, crash
Cyber security

A teenager is reportedly behind Uber’s latest cybersecurity breach, gaining ‘full access’

- September 20, 2022 3 MIN READ

Uber has experienced a significant cyber breach, with an 18-year-old reportedly gaining access to the tech giant’s internal systems and databases after tricking an employee. Uber on Friday confirmed it was investigating a “cyber security incident”, and that it had taken a number of its internal communications and engineering systems offline while this was taking… Read more »

Gadgets

Apple kills off passwords and releases iPhone 14, as AirPods hit $400

- September 8, 2022 3 MIN READ

Apple’s latest hardware refresh event incorporated the usual accoutrements – including a rugged smart watch, updated earbuds and next-generation iPhones – but for many users it is the release of iOS 16, and its passwordless logins, that promises to be the game-changer. Demonstrated at the company’s WorldWide Developers Conference in June, the new Passkeys are… Read more »

Cryptocurrency

Crypto.com accidentally sent a customer $10.5m, and by the time they noticed, she’d bought a house in Melbourne

- September 1, 2022 2 MIN READ

Major cryptocurrency trading platform Crypto.com accidentally sent a woman $10.5 million instead of the $100 refund she requested – and didn’t notice until seven months later. Now the platform is trying to recover its money, $1.35 million of which the woman, Thevamanogari Manivel, used to buy her sister a home in the Melbourne suburb of Craigieburn. The… Read more »

Cyber security

An Australian who sold spyware he wrote as a teen to stalkers has been arrested following a 5 year global hunt

- August 2, 2022 3 MIN READ

At least 44 Australian victims have been identified after the arrest of a 24-year-old man named as the alleged author of remote access trojan (RAT) spyware, who allegedly made up to $400,000 by selling the ‘stalkerware’ to more than 14,500 people in 128 countries. Called Imminent Monitor (IM), the application allowed users to monitor and… Read more »

Other tech

Bunnings and Kmart drop facial recognition as privacy commissioner takes a closer look

- July 28, 2022 3 MIN READ

Kmart and Bunnings have temporarily halted their use of facial recognition in stores pending an investigation from the Office of the Australian Information Commissioner (OAIC). It was last month revealed that Wesfarmers-owned Kmart and Bunnings, and whitegoods retailer the Good Guys, quietly began using facial recognition in some stores without express consent from their customers. While… Read more »