A new report reveals 68 per cent of businesses in Australia are vulnerable to a cybersecurity attack
In the last year, there has been a 60 per cent increase in ransomware attacks against Australian businesses. Now, a new report from a global risk management solutions provider reveals 68 per cent of Australian employees believe the organisation they work for is vulnerable to an attack.
The findings come from the 2021 Australian Business Assurance Report by SAI Global, a global leader in risk management solutions through its standards, assurance, and training offerings, based on a survey of 328 Australian employees. Read More.
Parliament should intervene to protect whistleblower’s communications to MP, the committee says
Parliament should intervene in a federal court case launched by the NSW clubs lobby against a whistleblower to protect the man’s communications with independent MP Andrew Wilkie, the powerful privileges committee has said.
In recent months, ClubsNSW has sought orders in the federal court in an attempt to obtain correspondence between Troy Stolz, one of its former employees, and Wilkie, which included documents that Wilkie told parliament revealed the sector’s widespread failure to comply with money laundering laws. Read More
Proposed pandemic bill is ‘greatest challenge to the rule of law’ in decades: Victorian Bar
A recently proposed bill that grants the Victorian premier new pandemic declaration powers has been called the “greatest challenge to the rule of law” facing Victoria in decades, according to Victorian Bar President Christopher Blanden QC.
The Victorian Bar pointed out that the bill grants “effectively unlimited power” to the health minister to “rule the state by decree, for an indefinite period, and without effective judicial or parliamentary oversight.” Read More
ANZ to transfer share investing client base to CMC Markets in $25m transaction
The $25-million transaction will see ANZ’s base of 500,000 online investors transition to the CMC Markets platform. The transaction comes four years after ANZ signed a deal to use the CMC Markets online share trading platform in a white-label technology partnership.
The latest transaction will see that white label partnership end, with the transition to the CMC Markets platform expected to take 12 to 18 months. Read More.
Class action brought against 2 Victorian health services
Over 80 junior doctors have alleged excessive working hours and underpayment of wages in a class action launched against two of Victoria’s health services.
Eastern Health and Royal Women’s Hospital are being accused of underpaying staff and requiring large amounts of overtime hours by staff who have claimed the industry is understaffed, junior doctors are systemically underpaid, and patients’ lives are being put at risk.
The class action, filed in the Federal Court in October, is being run by Gordon Legal and law firm Hayden Stephens and Associates, has been launched by several junior doctors, together with the doctors’ union, ASMOF Victoria. It follows court actions commenced over the past nine months against Peninsula Health, Monash Health and Latrobe Regional Hospital, and more recently, against Western Health. Read More
Corporate Australia taps into social conscience with a sharp rise in ESG reporting
Corporate Australia is gaining a social and environmental conscience with more than 87 per cent of the country’s top companies returning substantial and meaningful reporting of ESG strategies over the past year, according to a report by PwC Australia.
The analysis by the accounting giant found ESG (Environmental, Social, and Governance) reporting was up 29 per cent from 2020.
More importantly, it found the number of companies disclosing a timeframe around ESG strategies and goals has nearly doubled with 76, or 38 per cent, of the ASX 200 providing deadlines for their ESG targets. Read More
Why is Facebook changing its name, and what does meta mean?
Mark Zuckerberg has announced his company is ditching the name Facebook. The rebranding is part of the global company’s big plan to develop a virtual world but critics say it’s an attempt to shift focus from recent controversies.
The name change is to bring the company’s “apps and technologies under one new company brand”, it said in a statement. Since Facebook launched in 2004, the company has purchased social media apps Instagram and WhatsApp. It has also invested in other technologies including digital wallet Novi, video-calling device Portal and virtual reality system Oculus.
A big part of the rebrand is also to focus Meta on bringing the “metaverse” to life.
Mr Zuckerberg said the metaverse would be a place where people could interact, work and create, and expects it to reach a billion people within the next decades. Read More
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