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Australia’s Optus hit with class action over cybersecurity breach

More than 100,000 current and former customers have joined a class action lawsuit against Australian telecommunications giant Optus over a cybersecurity breach last year that compromised roughly 1.2 million customers, lawyers said. Starting with the Optus breach in September, a spate of cyber attacks on Australia's corporate sector has exposed data from tens of millions of customers online and led the government to set up a new cyber security body and overhaul rules the home minister has called "bloody useless". Major…

Nullarbor rocks reveal Australia’s transformation from lush to dust

Drone image of the Bunda Cliffs, where the Nullarbor Plain meets the Great Australian Bight. Layering in the cliffs represent different limestone units. Credit: Dr Matej Lipar. Curtin researchers have discovered how long ago the Australian Nullarbor plain dried out, with a new approach shedding light on how ancient climate change altered some of the driest regions of our planet.

Australia’s IPH reveals data breach originated from member firm’s systems

Australia's IPH Ltd said on Monday a forensic probe into the data breach last month revealed that a limited set of data, which originated from member firm Spruson & Ferguson (Australia), was downloaded by an unauthorised third-party. The intellectual property services provider detected an unauthorised access to its document management system, which included administrative and some client documents as well as correspondence at its head office and two member firms. The investigation further suggested there was no…

Newmont Raises Bid for Australia’s Newcrest to $19.5 Billion

​ADELAIDE, Australia— Newmont Corp. raised its takeover offer for Newcrest Mining Ltd. to around $19.5 billion, as it aims to seal what would be the largest-ever M&A deal in the gold-mining industry. Newmont’s decision to improve its all-stock offer for Newcrest comes at a time when gold prices are approaching a record high amid stress in the global banking system and heightened worries over the economic outlook. The U.S. company had previously had an around $17 billion bid rebuffed by Newcrest,…

Australia’s vital role in historic lunar trip

In 2024 or ’25 they’ll fly the Orion capsule spacecraft around the moon in a crucial 10-day test-run ahead of an actual moon landing.As well as transmitting critical comms and data, the Canberra complex is also an emotional lifeline for the humans who, once launched, will become the most isolated souls in the solar system.“Big dish” antennas at the Canberra Deep Space Communication Complex.Credit:Alex Ellinghausen“We’re the connection to their families,” Nagle said. “Astronauts can send emails and do video chats. That…

Australia’s Central Bank Jumps Ahead of Fed by Holding Interest Rates Steady

SYDNEY—Australia’s central bank put the brakes on its campaign of interest-rate increases, breaking with many of its global counterparts as it steers the commodity-rich economy on a narrow path away from a recession.The Reserve Bank of Australia kept its official cash rate at 3.60% at a policy meeting on Tuesday, snapping a run of 10 consecutive increases that have added 3.50 percentage points to the benchmark rate since May last year. The decision puts the RBA at odds with some central banks, including the U.S. Federal…

Australia’s Latitude Group says 7.9 million driver licence numbers stolen in data theft

Australian digital payments and lending firm Latitude Holdings said it has determined that 7.9 million Australian and New Zealand driver licence numbers were stolen in a large-scale information theft on March 16. Apart from the 7.9 million driver licence numbers stolen, the fintech firm also identified about 53,000 passport numbers were stolen and less than 100 customers had a monthly financial statement stolen. Several Australian firms have reported cyberattacks over the past few months, and experts say this is due to…

WE Hub ties up with Australia’s Cyber West Sign to back women entrepreneurs

City-based WE Hub, a state-led incubator for women entrepreneurs, on Sunday signed a Memorandum of Understanding (MoU) with Cyber West Sign, an Australian digital marketing agency, to promote cross-border opportunities for startups in both countries. The collaboration aims to help Australian startups break into the rapidly expanding Indian market and vice versa, by utilising the expertise of WE Hub and Cyber West Sign in their respective markets, a press release from WE Hub said. Through this partnership, WE Hub and Cyber…

Australia’s IPH switches to new network infrastructure after cyberattack

cyber attackers have become much faster at infiltrating perimeters, with the average time to complete a ransomware attack dropping from two months to less than four daysIntellectual property services provider IPH Ltd said on Friday it has established new network infrastructure and restored key system functionality, a week after reporting a data breach that affected a portion of its IT systems. The company detected unauthorised access to document management systems last week, which included administrative documents as…