NSW is set to unveil its Innovation Blueprint, with a proposed state VC fund to bridge private investment gaps. As Victoria invests billions in innovation, NSW risks falling behind. A well-structured fund could boost startups, attract talent, and strengthen Australia’s global tech standing.
2025 sees AI giants and the proliferation of AI labs craft agentic systems, reshaping business and society. Anthropic’s $61.5B valuation fuels the race, while AI-to-AI communication boosts their reach. DeepSeek’s efficiency shows China countering U.S. dominance with affordable AI innovation.
Cortical Labs has unveiled CL1, the world’s first commercial biological computer, integrating human neurons with silicon to create Synthetic Biological Intelligence (SBI). Offering faster learning, adaptability, and lower energy use and is set to ship by June 2025.
Cybersecurity News Roundup: Cisco Breach, AT&T Settlement, and Notion’s AI Innovation
Cisco faces a major data breach, AT&T agrees to a $13M settlement for mishandling customer data, and Notion’s founders are revolutionising enterprise operations with AI-driven tools. Discover the latest developments impacting cybersecurity and business tech innovation.
Cisco Hit by Major Data Breach: Hackers Steal Confidential Data and Source Code
Cisco has reportedly suffered a significant data breach, with hackers obtaining confidential documents, API tokens, source code, and SSL certificates. The breach became public when a trove of Cisco's developer data was posted on a hacking forum earlier this month. The stolen data includes buckets from AWS and Microsoft Azure, Jira tickets, and information from projects on platforms like GitLab and GitHub. Screenshots of customer management portals were also leaked, indicating a deep infiltration into Cisco's internal systems.
The hacker behind the breach, known as IntelBroker, is infamous for stealing confidential information to leak, sell, or ransom on sites like BreachForums. Believed to operate out of Russia, IntelBroker has previously targeted organizations such as Europol, Volvo, Hilton Hotels, AT&T, and Verizon. Cyber threat intelligence firm SOCRadar suggests that IntelBroker may be associated with a cybercrime group known for extremist ideologies, although this remains unconfirmed. This incident is not isolated for Cisco; earlier in April, the company reported another breach involving a provider used to send multi factor authentication messages, highlighting ongoing security challenges for the tech giant.
AT&T Agrees to Pay $13 Million to Resolve Data Breach Investigation
AT&T has agreed to pay $13 million to settle an investigation by the Federal Communications Commission (FCC) over a data breach involving a third-party cloud vendor in January 2023. The breach impacted approximately 8.9 million AT&T wireless customers, exposing data from 2015 to 2017 that should have been deleted by 2018. The FCC stated that the exposed information included sensitive customer data that AT&T failed to adequately protect. This settlement addresses concerns over AT&T's data governance practices and supply chain integrity in handling sensitive information to protect consumers.
FCC Chair Jessica Rosenworcel emphasised the carriers' duty to safeguard consumer data, stating,
"Carriers have a duty to protect the privacy and security of consumer data, and that responsibility takes on new meaning for digital age data breaches."
The FCC continues its investigation into a larger breach that affected nearly all of AT&T's wireless customers and mobile virtual network operators (MVNOs) using its network. The company revealed that customer data was illegally downloaded from an AT&T workspace on a third-party cloud platform. Call and text records between May 1st and October 31st, 2022, were leaked for nearly all of AT&T's wireless customers, underscoring the urgent need for robust data security measures in the telecommunications industry.
Source: Notion, YouTube. Notion Founders Simon Last and Ivan Zhao
Notion’s Founders: Redefining Enterprise Operations with AI Innovation
Nation's founders, Ivan Zhao and Simon Last, represent the new wave of AI-driven entrepreneurs reshaping enterprise operations. Their journey began in 2013, when they launched Notion with a vision to create an all-in-one workspace that could revolutionise how people manage and organise information. Zhao, with a design-focused mindset, wanted to empower users by allowing them to mold software to their needs without coding.
In the early stages, Notion faced several challenges, including technical limitations and a dwindling budget. Determined to perfect their product, Zhao and Last relocated to Kyoto, Japan, for a focused development phase, leading to the pivotal release of Notion 2.0 in 2018. This version transformed the platform into a powerful, flexible tool integrating databases, tasks, and notes into a unified workspace.
Notion gained traction among tech enthusiasts and startups, and the platform's popularity soared, especially during the COVID-19 pandemic, when remote collaboration tools became essential. By 2020, Notion was valued at $2 billion, reaching unicorn status, and has continued to rise, now valued at $10 billion.
To stay ahead of the curve, Notion embraced AI by integrating features like a writing assistant and a chatbot, powered by generative AI. Their collaboration with AI startup Braintrust ensured these advancements were cutting-edge and effective. Zhao and Last’s success reflects their ability to overcome challenges, adapt, and seize opportunities in a rapidly evolving tech landscape, positioning them as modern innovators in the AI generation.
Find the full version of this story on the AI Diplomat weekend edition.
A new report by Australian researcher Lina Lau links the NSA to a cyberattack on China’s Northwestern Polytechnical University. Allegedly, NSA hackers used U.S. work schedules and American keyboards, exposing their operations.
Cisco faces fallout from a massive data leak exposing critical files, while China accuses the U.S. of cyber espionage amid rising tech tensions. AI governance sparks debate as Europe enforces strict rules, and ASIC sues HSBC for $23M scam failures. Global cyber affairs take center stage this week.
Australians face rising cyber scams during holiday shopping, with scammers using AI-driven tactics like phishing and deepfakes. Spending $70B online puts consumers at risk, as reports show $30.7K average losses. Visa's new measures push beyond SMS OTPs to combat fraud. Stay vigilant.
In this Cyber Bites edition: North Korean IT workers resort to extortion, Singapore tightens chatbot controls, Casio faces a ransomware setback, and China challenges Intel amid U.S. tech rivalry. The stakes in cybersecurity are higher than ever!