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Bendigo and Adelaide Bank targets single core banking system by 2024

As it vows to migrate 50 percent of apps to the cloud. Bendigo and Adelaide Bank will consolidate multiple core banking systems and shift 50 percent of its applications to the cloud over the next three years. Australia’s fifth-largest bank laid out its digital transformation targets for the financial year 2024 during a market briefing on Friday. Under the plan, the bank intends to reduce the number of core banking systems used by brands like …

10 IoT Security Incidents That Make You Feel Less Secure

Internet of Things (IoT) has become a primary target for cybercriminals. The repeated security incidents on IoT devices represent a rising trend for IoT attacks with a huge increase in IoT security breaches 2021. By Rudra Srinivas, Feature Writer, CISO MAG The proliferation of connected devices in consumer, enterprise, and healthcare organizations, and their internal vulnerabilities, have created a security blind spot where cybercriminals can launch a Zero-day attack to compromise devices like webcams, smart TV, …

Tax incentives could work against cyber threats, says Andy Penn – republished by DMG Social

Business leaders and cyber security experts have united in a call for new mechanisms, including a centralised pool of cyber talent and tax incentives to move data to the cloud, to tackle the “profound” level of malicious threats being faced daily and costing upwards of $33 billion a year collectively. “It’s unrealistic to keep increasing security budgets and hiring security people – this is not sustainable,” Mark Sayer, Accenture’s cyber defence lead, says. “We need …

Microsoft Sharepoint and Microsoft Exchange – Security Vulnerabilities – Patch updates available

Alert status – HIGH Background /What has happened? Microsoft released multiple security updates to a range of products in its 12 October 2021 patch release. The ACSC recommends that all vulnerabilities identified in the release should be mitigated as outlined in the ACSC’s Assessing Security Vulnerabilities and Applying Patches. The vulnerabilities identified affect a wide range of Microsoft Office versions and other applications which handle Microsoft Office files. The ACSC wishes to draw particular attention to the following …

State and Federal governments to unlock $62B ‘digital dividend’ by embracing software as a service (SaaS): research

State and Federal governments to unlock $62B ‘digital dividend’ by embracing software as a service (SaaS): research   Australia’s Federal and State government sector could unlock a $62 billion ‘digital dividend’ by replacing old technology with cloud-based Software as a Service system (SaaS), according to a landmark economic analysis from IBRS and Insight Economics. That figure, equivalent to almost an entire year’s worth of Goods & Services Tax revenue*, is the expert economists’ prediction of …