Friday, October 7, 2022

Landmark decision sees RI Advice found guilty of breaching obligations

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The Federal Court has found RI Advice, an Australian Financial Services licensee, guilty of breaching its license obligations to act efficiently and fairly when it failed to have the appropriate cyber risk management systems to effectively manage its cybersecurity risks. 

Banking grows up: Why coming changes will upend the industry

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For an industry with such a conservative reputation, banking has been upended more times than most. Change has been the only constant, from deregulation to the internet to the pandemic. We’re now on the verge of something else. It's not going just to prompt banking to do what it does better; it's going to shift what banking is – to clients and itself.

Why Australian small businesses need the cloud to truly feel secure

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There’s no denying the benefits that the shift towards hybrid work has provided since the pandemic began. Workers have been allowed to take Zoom meetings from the comfort of their own homes while wearing pyjamas if they really want to, using their laptops and mobile devices to communicate with co-workers in the office or from their own homes if they want.

Intelligent automation is the key to Aussies enjoying a 4-day work week

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It sounds counterintuitive - work one day less but get the same amount of work done, or perhaps even more. But that’s exactly what the four-day work week movement proposes. When New Zealand's Perpetual Guardian tried a four day week, they counted improved staff morale and low stress levels as benefits without any loss of output. Microsoft Japan cited increased productivity and a 23% energy saving when they reduced working hours similarly.

Public sector must remain diligent as cloud and ransomware intersect

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When a citizen interacts with a government agency, personal data is provided and stored. This bureaucratic procedure creates the situation where ransomware attacks are threatening the exposure of both internal government agency data as well as citizen information.

Africans torn between multiple diversified domicile portfolios

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In 2022, the Caribbean island nations of St. Kitts and Nevis, Antigua and Barbuda, and Grenada are the most popular citizenship by investment programs that Africans ask about. Other favorites are the Montenegro Citizenship by Investment Program, which offers citizenship in Europe and all its associated benefits, such as visa-free travel to Europe’s Schengen Area countries, and the Turkey Citizenship by Investment Program, which has the Southern African countries predominated the growth markets on the continent in 2021.

What does the metaverse mean for the future of the modern workplace?

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Technologists have been whispering about the metaverse for years. Now, it’s emerging, with Meta launching our vision at Connect 2021. There’s been plenty of talk on how the next iteration of the internet - an internet you can step inside - will change entertainment, gaming, and social connection. The metaverse also means profound changes for the world of work. Advances in virtual reality (VR) tech will mean more immersive and useful virtual spaces. New augmented reality and hologram technologies will mean environments that seamlessly blend the digital with the physical world around us. As more organisations adopt these tech, it will make the benefits accessible to millions of workers across various sectors around the world.

How Brexit is creating a host of new export and trading opportunities, especially for...

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As the United Kingdom begins to settle after the changes brought on by Brexit, it is clear that many traditional avenues of export – and by extension business growth – have been closed off. Goods and services trade with EU partners is declining, but other regions are now rising to fill the breach.

The coming reckoning will show ROI accruing from threat intelligence

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Threat intelligence has been a part of cyber defense processes in the private sector for long. Many threat intelligence teams were initially composed of classically trained intel operators from the public sector, focusing on gathering data to thwart national security threats.

Why Australia’s supply chain industry urgently needs digitisation

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Many hoped by this point in time we’d laugh about the infamous toilet paper shortage in early 2020. However, Australia’s still experiencing the ramifications of supply chain disruptions. Although we’re seeing stock levels return to normal, the rising price tag attached to basic goods such as groceries and fuel is evidence of ongoing challenges within the supply chain.