artificial intelligence

Australian IT Spending to Surge in 2025: Cybersecurity & AI Focus

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Australian IT Spending to Surge in 2025: Cybersecurity & AI Focus

New Gartner forecasting suggests that IT spending in Australia will surge 8.7% to AU$147 billion in 2025. This boost in spending is projected to be driven by a “perfect storm” of interest in AI, ongoing requirements around cyber security, and the need to refresh hardware as Windows 10 goes out of service, Gartner representatives say. Strategic investments in cyber security and AI In an interview with TechRepublic, Andy Rowsell-Jones, Gartner distinguished VP analyst, said that…

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Low Media Literacy: A Risk to Australia's Cybersecurity Landscape

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Low Media Literacy: A Risk to Australia's Cybersecurity Landscape

A recent study by Western Sydney University, Adult Media Literacy in 2024, revealed worryingly low levels of media literacy among Australians, particularly given the deepfake capabilities posted by newer AI technologies. This deficiency poses an IT security risk, given that human error remains the leading cause of security breaches. As disinformation and deepfakes become increasingly sophisticated, the need for a cohesive national response is more urgent than ever, the report noted. Because AI can produce…

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Report Highlights Rising Risks in Sensitive Data Management

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Report Highlights Rising Risks in Sensitive Data Management

The volume of sensitive data that companies are harbouring in non-production environments, like development, testing, analytics, and AI/ML, is rising, according to a new report. Executives are also getting more concerned about protecting it — and feeding it into new AI products is not helping. The “Delphix 2024 State of Data Compliance and Security Report” found that 74% of organisations that handle sensitive data increased the volume kept in non-production, also known as lower, environments…

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NIST's New Post-Quantum Cryptography Standards Announced

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NIST's New Post-Quantum Cryptography Standards Announced

The U.S. National Institute of Standards and Technology this week unveiled three encryption algorithms designed to resist cyberattacks, which industry observers said are a positive step toward preventing cyberattacks that break current encryption methods. The Federal Information Processing Standard (FIPS) 203, 204, and 205 provide standards for general encryption and protecting digital signatures. They were derived from multiple submissions in NIST’s post-quantum cryptography standardization project. Quantum computers are rapidly increasing the ability for high-performance computing,…

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CBA’s x15ventures Set to Lead in Fintech AI Innovation

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CBA’s x15ventures Set to Lead in Fintech AI Innovation

On Aug. 20, the Commonwealth Bank of Australia’s venture-scaling arm, x15ventures, will close applications for its annual Xccelerate program — an opportunity for tech startups to win a $250,000 investment into their company. The competition reflects the CBA’s broader efforts to establish itself as a dominant force in fintech AI. The bank’s initiatives, including its partnership with Microsoft and the work of x15ventures, highlight its intent to replicate the success of its ambitious digital transformation…

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Australian Enterprises Coming 4th in 2024 Global Survey of Generative AI Usage

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Australian Enterprises Coming 4th in 2024 Global Survey of Generative AI Usage

Australian organisations have ranked fourth in an assessment of how widely enterprises in 16 countries are using and implementing generative AI. The survey, conducted by data analytics firm SAS, found that 63% of Australian businesses are now using generative AI. The findings, based on responses from 1,600 global AI and data analytics decision makers, found that Australian generative AI usage is ahead of the global average and that Australia is leading the pack when it…

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Black Hat Roundup 2024: What to Expect From This Week’s Security Events

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Black Hat Roundup 2024: What to Expect From This Week’s Security Events

Black Hat and DEF CON are two of the major security conferences in the U.S., drawing large crowds of cyber and AI decision-makers to Las Vegas. Black Hat USA 2024 runs from August 3-8, with most of the briefings occurring on August 7 and 8; DEF CON 32 runs from August 8-11. We’re rounding up the enterprise business tech news from Black Hat and DEF CON that is most relevant for IT and tech decision-makers….

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Data Breaches Are Costing Australian Organisations, IBM Report Reveals

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Data Breaches Are Costing Australian Organisations, IBM Report Reveals

IBM recently released its annual Cost of a Data Breach report, revealing that the average cost of a data breach in Australia reached a record-high of AUD $4.26 million (USD $2.77 million) in 2024. This represents a 27% increase since 2020. The report also highlighted that Australian organizations continue to be most threatened by the same threats that had dominated in previous years. Furthermore, with a deep cyber security skills crisis in the country, it’s…

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ManageEngine: Australian SMEs Aim to Reduce IT Costs Amid Growing Technology Complexity

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ManageEngine: Australian SMEs Aim to Reduce IT Costs Amid Growing Technology Complexity

IT costs are the biggest challenge facing tech leaders in Australian medium-sized enterprises, according to a survey commissioned by IT management software vendor ManageEngine. This challenge is expected to intensify as these enterprises adopt more applications and grow their AI spending. The Digital Intensity in Australia Study, conducted by research house Ecosystm for ManageEngine 24×7, found that many medium-sized enterprises, ranging from 200 to 1,500 employees, are still in the early stages of transforming into…

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Apple Joins Voluntary U.S. Government Commitment to AI Safety

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Apple Joins Voluntary U.S. Government Commitment to AI Safety

Apple is the latest addition to the list of public U.S. companies that made voluntary commitments to AI regulations, the White House announced on July 26. The commitments, first announced in September 2023, include vows to publicly disclose AI capabilities, to watermark AI content and more. These commitments set a public standard for the country’s largest AI makers in an effort to reduce deception and other novel, unsafe practices that could stem from realistic-looking AI…

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