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 »

Topic

Prodigal Sums: Tech venture LVX Global moves HQ to Adelaide roots

- May 26, 2021 2 MIN READ

The international tech company has been lured back to Adelaide by the establishment of the Lot Fourteen innovation neighbourhood in the CBD of the South Australian capital. LVX Global will move its global headquarters from Perth to Adelaide’s Lot Fourteen technology and innovation hub in August. The technology solutions company manages public and private sector… Read more »

Fintech

The rise of FinTok and ‘finfluencers’: 3 ways to measure the value of their advice

- May 26, 2021 4 MIN READ

Queenie Tan is full of financial advice. Whether it is cheap date ideas, buying furniture, saving your first $100,000, doing your tax return or investing in Dogecoin, there is seemingly no topic the 24-year-old Sydney woman can’t confidently tackle. Her posts and videos have gained her 15,000 followers on Instagram and 42,000 followers on TikTok.… Read more »

Topic

Bright Sparks: 3 things you need to see this week

- May 25, 2021 2 MIN READ

Welcome to our weekly column on the important things to see and do for the ANZ startup community, brought to you by the director of the Spark Festival, Maxine Sherrin. Every Tuesday she picks out 3 things worth putting in the dairy for the week ahead. If you’d like to know more, sign up to the Weekly… Read more »

Global tech

TikTok Politics: How the rise of digital nationalism is a massive win for US big tech

- May 25, 2021 4 MIN READ

The massive digital platform market has until recently been dominated by a handful of US-based companies such as Facebook and Google. However, as foreign governments and competing platforms try to erode this domination, platforms are becoming a new sphere of geopolitical manoeuvring. The European Union wants to gain more control over international tech companies and… Read more »

Politics

The Budget’s ‘patent box’ plan is so poorly designed, it’s more likely to help multinationals reduce their tax bill than boost startup innovation

- May 19, 2021 3 MIN READ

On budget night federal Treasurer Josh Frydenberg announced Australia is getting its own “patent box”. What is a patent box? Despite its odd name, it is a relatively straightforward concept. It means lowering the tax rate on all income derived from patents registered in a nation. About half the members of the European Union, Britain… Read more »

Elon Musk
Cryptocurrency

Bitcoin’s dirty secret: Elon Musk’s change of heart is a warning to cryptocurrencies to clean up their carbon footprint

- May 18, 2021 4 MIN READ

Over the weekend, Tesla chief executive Elon Musk suggested his company could sell off its Bitcoin holdings, sending the cryptocurrency plummeting. It followed Musk’s announcement earlier this month that his company would no longer accept Bitcoin in payment for its electric cars, due to the fossil fuels needed to create the digital currency. Bitcoin is… 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 »