Displaying items by tag: finance sector

GUEST OPINION by Brad Newton, ANZ Managing Director at Cohesity:  Insurance by definition is ‘a financial agreement whereby premiums are paid in exchange for a guarantee that costs will be met if a predetermined event occurs. Given the Australian Cyber Security Centre receives over 67,500 cybercrime reports each a year, and a ransomware attack happens globally every 11 seconds, it’s little wonder the global cyber insurance market is valued at more than $8 billion annually, with a compounding annual growth rate of 23.76% through 2027¹.

There has been a spike in ransomware attacks as cybercriminals capitalise on the COVID 19 pandemic, according to a new report which found that ransomware attacks can be correlated to key days in the COVID-19 news cycle - suggesting attackers are being “nefariously opportunistic” and leverage breaking news to take advantage of vulnerable populations. 

The Australian Government has released a national strategy for blockchain technology aptly titled the National Blockchain Roadmap.

Only one data breach of 242 reported to the Office of the Australian Information Commissioner in the April-June quarter affected more than a million individuals and up to 10 million, according to the OAIC's quarterly data breach report issued on Tuesday.

Robotic Process Automation in Australia and New Zealand is set for a growth explosion with the RPA market predicted to reach $870 million by 2020, up from just $216 million in 2017.

Staff acquisition and retention, and professional development for their employees top the list for Australia’s chief financial officers this year, according to a new study which also reveals that more than half of the country’s CFOs will focus on talent management throughout 2017.

Australian equity-based crowdfunding platform, VentureCrowd, has appointed finance industry veteran Rob Nankivell to the role of CEO, and John Ottaway as General Manager of Property.

A shortage of IT talent is impacting the ICT industry this year, with a warning that the implementation of projects could be delayed by the lack of talent.

Many Australian organisations are using older technology for collaboration within businesses and don’t understand the ‘true value’ of collaboration and its impact on business outcomes, according to a newly published research study.

NAB online banking offshoot UBank, which set up a five minute online savings account last August, plans to offer its first mobile banking service later this year.