China’s "Salt Typhoon" hackers have breached U.S. telecoms, raising cyber tensions. Experts warn of the threat to international stability, emphasizing the need for collaborative strategies to prevent escalation amid ongoing economic competition.
The EU’s ESMA calls for mandatory crypto cybersecurity audits as threats grow, while the U.S. expands AI in defense with a focus on responsible use. Both moves underscore the need for stricter tech policies to safeguard assets and uphold ethical standards in evolving digital realms.
Tech giants Meta, Google, Apple, Microsoft, and Tesla are propelling the S&P 500's bull market ahead of the U.S. elections. Robust earnings from these companies have boosted investor confidence, driving gains despite election uncertainties and global tensions impacting the outlook.
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.
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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.
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.