Displaying items by tag: Risks

Banks and financial institutions that are not using AI to detect fraud are going to be outgunned because those trying to commit fraud are using AI to try to infiltrate their systems.

GUEST OPINION:  In an era where innovation defines industry leadership, artificial intelligence (AI) has rapidly shifted from being a speculative investment to a critical tool for achieving business efficiencies, cost savings, and customer engagement.

GUEST OPINION: This week’s inquiry into the use of Deep Fakes in Australian schools, combined with the increasing use of Deep Fakes by political figures both in Australia and abroad, are worrisome developments. It signals we are in a rapidly evolving arms race to research and develop effective and reliable deep fake detection tools.

Vulnerabilities have been identified in Bosch BCC100 Thermostat during a security audit by Bitdefender, which says the vulnerability lets an attacker on the same network replace the device firmware with a rogue version.

• As Aussies get ready for summer holiday travel, inflation and cost-of-living concerns drive 66% of vacationers to seek out bargain holiday deals
• 1 in 3 Australians have been scammed when booking, with a third (35%) of those losing $500-$1,000
• 61% of all adults worry more about digital safety than physical safety when on vacation

COMPANY NEWS: Today, McAfee Corp., a global leader in online protection, revealed Australia-specific findings from its new ‘Safer Summer Holidays’ Travel Report. The report surveyed 7,000 people across seven countries to discover how safe it is to plan and book travel online, and how cautious people are when interacting with digital tools while traveling abroad. The research reveals 29% of Aussies have fallen victim or know someone who has fallen victim to an online scam while trying to save money when booking travel. 35% of those who had money stolen have lost $500-$1,000 before their trip has even begun, while 59% lost up to $1,000.

GUEST RESEARCH:  Rubrik Zero Labs Research reveals Australia’s casual culture is leading to data security blind spots

• More Australian security executives reported their employees were ‘definitely’ accessing data in ways not prescribed in data policy
• Compared to the global average, almost three times as many Australian boards and C-suites only receive data security updates when there is a material issue
• More than half of Australian organisations suffered loss of sensitive data in the past year
• Australian organisations reported the highest instance of suffering multiple data loss events

Avanade Cloud Impact identifies business risk, technical debt, cost optimization and sustainability improvements to help companies establish a resilient and AI-ready digital core.

COMPANY NEWS: Avanade, the leading Microsoft solutions provider, has today launched a new platform to help businesses establish an AI-ready digital core and unlock funding to reinvest in innovation. “Avanade Cloud Impact” is a data platform that uses the latest in AI and machine learning to integrate and analyse industry, business and technical data sources and generate rich, tailored modernization for companies in their cloud journey. The platform is already saving Avanade clients up to 50 percent of their cloud spend and even higher savings for specific applications.

Intelligence company Recorded Future has released its March 2023 vulnerabilities summary which identifies five newly disclosed vulnerabilities with high risk scores, four of which are zero-day vulnerabilities affecting Microsoft, Adobe, Fortinet and Samsung.

Only 37% of IT pros are concerned about phishing or say they know what to do following a data breach 

A quarter of Australian office workers admit to using the same password for more than one account 

Data breaches have seemingly had little or no impact on how IT decision makers view the risks to their organisations, according to new research from security awareness training and human resources platform provider KnowBe4.

Automated cybersecurity firm Forescout ’ Vedere Labs has unveiled research into the riskiest IT, IoT, OT and IoMT devices across enterprise networks, including what it says uncovers what makes the devices so risky and how to mitigate cyber risks affiliated with them.

Advanced automation and analytics to optimise intercompany tax flows for improved control and transparency

COMPANY NEWS:  Accounting automation software leader BlackLine has unveiled the industry’s first ‘tax hyperautomation’ capabilities for intercompany financial management, designed to help multinational corporations navigate the complexities of transacting across multiple legal entities, billing routes and jurisdictional boundaries.

The ACCC is seeking feedback on ways to reduce significant safety risks associated with products commonly used to place babies to sleep.

The top universities in Australia, the United States and the United Kingdom are lagging on basic cybersecurity measures, subjecting students, staff and stakeholders to higher risks of email-based impersonation attacks, according to new research by security firm Proofpoint.

IT decision-makers are complacent about risks from phishing and business email compromise, also known as CEO fraud, according to research by KnowBe4.

A large majority of Australian and New Zealand organisations were not adequately prepared for COVID-19 and fear the increased risk they are being exposed to through working from home and flexible work policies, according to newly published survey findings.

GUEST OPINION by Eddie Stefanescu, Regional VP Business – APJ at Claroty: The near future security risks of 5G rollout are much discussed, but it is the long term risks we should focus on, and not just the risks allegedly rising from the use of Huawei technology — security researchers had demonstrated that much telecom infrastructure is vulnerable.

GUEST OPINION by Eddie Stefanescu, Regional VP Business – APJ at Claroty: The near future security risks of 5G rollout are much discussed, but it is the long term risks we should focus on, and not just the risks allegedly rising from the use of Huawei technology — security researchers had demonstrated that much telecom infrastructure is vulnerable.

Over the past two weeks, I have encountered three fake public Wi-Fi SSIDs.

Microsoft will cut an additional 2850 jobs on top of the 1850 announced in May. The newest round of cuts brings the total job losses at the software giant to more than 12,000, largely as a result of the company’s Nokia fiasco.

Telstra’s outgoing CEO, David Thodey says Telstra must take risks to win, but if it’s in the pocket of Ericsson, does that rule out pCells?