Andrew Barnes
Advice

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 »

Data

A deal between Australia’s governments to share data nationally has privacy experts worried

- August 18, 2021 4 MIN READ

State, territory, and federal governments have agreed to the first national data sharing program that will ease the movement of data between jurisdictions. The formation of the Australian Data Network follows an intergovernmental data sharing agreement signed by the National Cabinet in early July which commits Australian state, territorial and federal governments to share data with one… Read more »

Robin Hood,
Cryptocurrency

A hacker stole a record in $831 million in cryptocurrency – then started giving it back

- August 12, 2021 3 MIN READ

A hacker pulled off one of the biggest cryptocurrency heists in history by transferring $831 million worth of cryptocurrency off the Poly Network platform, only to start giving the assets back the next day. Poly Network announced the attack on Tuesday night, saying it had been attacked on the Binance Smart Chain, Ethereum, and Polygon… 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 »

Other tech

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 »

World's biggest garage sale team
Women in tech

YEAH BUT NO: Tech bureaucrats mistakenly tell 1000 female founders of grant success

- July 22, 2021 2 MIN READ

More than 1,000 Australian women entrepreneurs were left with a sour taste in their mouth this week after an email bungle from the Department of Industry, Science, Energy and Resources. Early on Monday morning, the department, which is in the portfolio of Technology Minister Christian Porter, sent applicants of the Boosting Female Founders Initiative emails wrongly saying… Read more »

Topics

A cyber attack downed the NSW Education Dept website just as the government ordered schools to switch to online teaching

- July 9, 2021 2 MIN READ

The NSW Department of Education was hit by an apparent cyber attack on Wednesday. In a notice published on Thursday, the department said it took precautionary measures, shutting down many of its systems including the online portal teachers were using in preparation for the new school term. “The timing of this creates considerable challenges for… Read more »

Cyber security

A suspected Russian hack on a US software company has caused a mass ransomware disaster

- July 6, 2021 3 MIN READ

A supply chain attack on Kaseya VSA has caused a mass ransomware event. The attack began with a zero-day vulnerability on Kaseya VSA, a remote monitoring and management tool, which spread to managed service providers (MSPs) and some of their customers. Kaseya, a US-based software company, issued its first warning about the incident on Friday… Read more »

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 »