Banking & Finance — Opinions

​Safe online banking? Here are 4 precautionary tips

Digital banking has been taking over the financial world, and there’s no going back. Not only are digital payment options like Paypal, Venmo, and Apple Pay becoming more popular, but the major banks all indicate that the numbers follow the trend: more consumers are signing up for their online options, and banks are closing down branches and reducing their employee count.

Lisa Froelings | 01 Mar | Read more

​The Grubb appeal and our metadata collection laws

Yesterday, the federal court handed down its decision on a thorny and controversial legal dispute between Telstra, the federal privacy commissioner and former technology journalist Ben Grubb over... I was about to write “his” metadata, but I can’t. The court has deemed that it’s not his or even about him.

Andrew Colley | 20 Jan | Read more

Five Ways to Reduce the Cost and Complexity of Cyber Security

If it seems there are more cyber-security breaches in the news recently, there’s a reason. The volume of breaches grew at an alarming 48 percent in 2014, according to a recent global study by PwC. The study also found that total financial losses from security breaches increased 34 percent during 2013. One of the most staggering findings was that the number of organisations reporting financial losses over $20 million as the result of a cyber-attack grew by 92 percent over the previous year.

Paul Lipman | 28 Apr | Read more

Is your Board Cyber Ready?

Over the last few years the topic of cyber security has gone mainstream. It’s now being actively discussed in boardrooms. The years 2012-2014 will go down in history as a period when many major corporations were breached, with the Sony Pictures hack becoming a landmark moment—nation-state actors got involved and executive orders authorising political sanctions were issued.

Puneet Kukreja | 26 Mar | Read more

How SSL encryption gives a false sense of security

Major web browsers and many web sites rely on the Secure Sockets Layer (SSL) protocol, which encrypts confidential information, such as credit card numbers, before sending them securely over the internet. SSL encryption ensures that email, e-commerce, voice-over-IP, online banking, remote health and countless other services are kept secure.

Ananda Rajagopal | 03 Mar | Read more