To pay or not to pay
When Medibank were cyber attacked last year millions of customers were affected but the financial fall out and punishment is not commensurate with the distress and loss faced by individuals grappling with identity fraud.
Business
In/effective altruism made us feel awful
Enter the case of MIT graduate, crypto-trader and heralded philanthropist, Sam Bankman-Fried (SBF). SBF, fairly recently, was the wealthiest person under 30, a classic media darling, gracing covers of Fortune and Forbes 400 as recently as August 2022. He had a real rapport with journalists, they say he was disarming with his swagger, casual clothing and Einstein dishevelled-ness. He was a formidable tech guru that fronted media, answered the questions and appeared impressive and relatable.
Hacksville
We have witnessed the relentless ease with which data is being compromised, stolen, held to ransom, we are also trying to legislate digital theft, not from the dirty, baseless criminals stealing it but from the companies that allow it to happen. A long read in The Guardian titled Ransomware hunters: the self-taught tech geniuses fighting cybercrime discusses how ransomware is an efficient crime with little accountability. Even if you pinpoint and arrest the criminal, the damage is far-reaching and ubiquitous and can be traumatising to those that have had their identity stolen.
The time is now
The Australian Cyber Security Centre (ACSC) has issued an advisory report for companies to “urgently adopt an enhanced cyber security posture”. This is a driver for all corporations operating in Australia beyond the financial services industry to manage cyber risk effectively and efficiently.
Vulnerability exposed
In the middle of last year, 2021, according to data activist Asher Wolf, teachers still had access to a single directory for all student contact emails, amongst other details, using the Google Classroom.
