APRA conducts expansive cyber resilience study

Addressing increasing cyber threats in Australian financial services In the face of rising cybercrime rates and increasingly sophisticated criminal attacks, some of the world’s largest brands, including those in Australia, have fallen victim to major data breaches in recent years. Recognizing the need to strengthen cyber resilience in the financial…

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The underground economy of cyber criminals

Lucrative markets for stolen data and digital identities Bitdefender, a leading security firm, has unveiled a comprehensive report shedding light on the operations of Dark Web marketplaces, exposing the disturbing reality of stolen data and the thriving business of cyber criminals. The report not only delves into the types of…

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Generative AI as a key driver of innovation

Executives recognise the transformative power of generative AI A recent report published by the Capgemini Research Institute titled “Harnessing the value of generative AI: Top use cases across industries” has unveiled an overwhelming belief among executives that generative AI will revolutionize organizations and widen the scope of knowledge workers’ roles.…

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Nurturing responsible AI practices

Bridging principles and business realities The National Artificial Intelligence Centre (NAIC) and Gradient Institute have joined forces to empower businesses in maturing their Responsible AI (RAI) practices. Recognizing the importance of aligning Australian AI Ethics Principles with business operations, the collaboration aims to bridge the gap by providing orientation, tools,…

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Worldwide banking and investment services IT spending

Focused on software and cloud investments The worldwide banking and investment services industry is poised to witness a significant increase in IT spending, with a forecasted total of $US652.1 billion in 2023, marking an 8.1 per cent rise from the previous year, according to Gartner, Inc. Notably, the largest growth…

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Key strategies for successful talent attraction

The research focuses on three key stages of the jobseeker journey PageUp, a global leader in Talent Acquisition solutions, has released new research shedding light on effective strategies for attracting top talent. The study, which surveyed 185,000 applicants worldwide, provides valuable insights for business leaders grappling with ongoing talent shortages…

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Employment opportunities drive mobility across Australia

Mobility across Australia is at its highest point since March 2018 According to the March quarter Regional Movers Index, employment and business opportunities are driving a significant increase in movement between major cities and regional areas in Australia. The index, a collaboration between the Commonwealth Bank of Australia and the…

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Three pillars of human leadership for finance AI

The key challenge lies in employees disengaging due to change and concerns about job security According to Gartner, the rapid advancement of AI tools in finance highlights the importance for CFOs and finance leaders to demonstrate adaptivity, empathy, and authenticity—the three core pillars of human leadership. While AI technology can…

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ASX appoints new Chief Information Officer feautred

ASX’s recently decided to create a dedicated technology division sparking this new hire ASX, the Australian Securities Exchange, has announced the appointment of Tim Whiteley as Chief Information Officer (CIO), effective from July 1, 2023. In his role as CIO, Whiteley will oversee the enterprise technology functions, technology and data…

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