This week’s Cyber Pulse Mid-Week Briefings cover Australia’s new Cyber Security Bill, rising ransomware claims, Zscaler's AI-driven platform growth, and cyber threats from East Asia, including Chinese influence operations, North Korean tech theft, and costly global data breach claims.
Visa boosts AI fraud detection with Featurespace acquisition, lifting its stock; Experian expands Latin American security by acquiring ClearSale; Booz Allen shares cyber expertise at Singapore International Cyber Week; Torq secures $70M for global growth; SentinelOne and Okta shine in top awards.
With OpenAI’s shift to a $157 billion for-profit model, CEO Sam Altman maintains its mission to "benefit humanity." However, as investors seek high returns and Altman stands to gain equity, doubts arise over who truly benefits from OpenAI’s growth—society or its shareholders?
Lt. General Michelle McGuinness appointed national cyber security coordinator
Lt. General Michelle McGuinness, a 30-year military intelligence veteran, is appointed as Australia’s national cyber security coordinator. She aims to strengthen business-government collaboration against rising cyber threats.
Military intelligence veteran Michelle McGuinness has been appointed national cyber security coordinator by the Department of Home Affairs, formally replacing Air Marshall Darren Goldie, who was recalled last year following allegations about a workplace matter.
"I’m excited to get started and continue to ensure that Australia is best positioned to respond to threats of the digital age,"McGuinness said in a post on X (formerly Twitter).
"Previously, while serving in the Defence Intelligence Organisation, she led interagency intelligence efforts supporting whole-of-government counter-proliferation initiatives, as well as Australia’s Strategic Health Intelligence capability during the COVID-19 pandemic," Clare O'Neil, Minister for Home Affairs of Australia said in a statement.
"With the National Office of Cyber Security, the coordinator drives forward the necessary work to ensure Australia is best positioned to respond to the opportunities and challenges of the digital age.”
Praised for her extensive experience, McGuinness takes on a crucial position amid a surge in cyber attacks. Her challenge includes persuading major businesses to collaborate with government cyber defence experts to address escalating threats effectively.
McGuinness aims to position Australia strategically in navigating the opportunities and challenges of the digital age, building on her previous roles, including leading intelligence efforts during the COVID-19 pandemic.
Japan is racing to develop "unbreakable" quantum encryption by 2030. Chinese hackers breached US wiretap systems, Japan is tackling AI deepfake scams, and China is advancing silicon photonics to evade US tech bans. The cybersecurity competition is intensifying.
Welcome back to Cyber Bites, your lunchtime digest of the latest in international cyber threats, global tech affairs, and AI developments. Stay informed on key events shaping our digital world.
The global push to regulate AI is accelerating, but without a unified framework, efforts risk stifling innovation and AI creativity while causing legal confusion.
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