Hackers have stolen around US$6.3 billion (£4.7 billion) from the cryptocurrency exchange Binance, most of which was taken in under an hour. According to Binance, the attack exploited systems and individuals with the authority to carry out transactions involving such large sums.
Agencies that switch on Microsoft 365 Copilot may need their own controls to meet records obligations. New federal guidance warns the service can influence official work without preserving the prompts, outputs or context behind it.
A Commonwealth contract that banned offshore access to court data did not stop overseas transcribers reaching it. Australia's privacy regulator says the fault lay in an access-control error, not in the contract.
Attackers have begun running intrusions through AI coding assistants already approved on a victim's device. Their commands then inherit the trust the organisation gave the tool.
AI is often discussed in terms of what it might replace. But perhaps we’re asking the wrong question. What if its real value is not replacing human expertise, but extending what skilled people are capable of?
Organisations now have days, and sometimes only hours, to patch new vulnerabilities before AI-assisted attackers exploit them, Australia's cyber security agency has warned.
The NSW Government has downgraded the "significant cyber incident" declared following an alleged insider data theft at NSW Treasury, with the state's Chief Cyber Security Officer confirming the breach has been contained and remediation measures are in place. The downgrade does not close the matter - criminal proceedings, an internal investigation and continuing legal reviews of potential procurement impacts remain unresolved.
Organisations that deploy AI extensively in security operations have reduced the average time to contain a data breach by approximately 80 days and cut average breach costs by $US1.9 million, according to a new white paper published by the World Economic Forum in collaboration with KPMG.
Global advisory firm FTI Consulting has responded to rising client demand by appointing a dedicated Australia leader for its Information Governance, Privacy and Security practice.
SAP has agreed to acquire Dremio, an open-source data lakehouse platform, in a bid to solve the data fragmentation problem that the enterprise software giant says is the primary reason AI initiatives fail in large organisations. Financial terms were not disclosed.
APRA has told banks, insurers and superannuation trustees that governance, risk management and operational resilience practices are failing to keep pace with the speed and complexity of AI adoption - and has threatened enforcement action against entities that do not address the gaps.
New Zealand law firm Buddle Findlay has warned that Kiwi businesses that hold or handle the personal information of individuals in Australia must prepare for strict new transparency rules regarding automated decision-making.
As enterprises accelerate deployment of agentic AI systems, Automation Anywhere has published a framework arguing that conventional sovereign AI approaches - focused primarily on data storage location - are insufficient for workflows where AI agents actively execute tasks across multiple systems and jurisdictions.
Gartner predicts that by 2028, an average global Fortune 500 enterprise will have over 150,000 agents in use, up from less than 15 in 2025, generating significant agent sprawl, IT complexity and management challenges.
Medical device manufacturer Medtronic has confirmed that an unauthorised party accessed data within its corporate IT systems, triggering incident response protocols and an ongoing investigation into the scope of the breach.
Australia Post has partnered with AI security firm Alpha Level to apply machine learning to cyber threat detection across its national network - including systems used by thousands of licensed post offices and small businesses.
