Hi there,

Here at iStart we’re all for anything that makes life easier, so PayID, with its promise of a convenient, easy way to receive payments without having to provide BSB or account numbers, sounds great.

But a vulnerability whereby PayID can be used to harvest users’ banking information prompted an apparently cavalier response from PayID. 'Caveat emptor' they say, but the academic hacker who exposed the issue says they have missed the point.

In other news this week:

Harvard ranks Australia on ease of doing digital business
Have social platforms responded to the Christchurch Call?
Heard of WiFi 6? – yep it's a thing
WhereScape changes hands

And, in a world where being strategic is just business as usual for CFOs, we look at different ways to become more strategic and deal with new technology, while still juggling traditional responsibilities.

Enjoy the read,

Heather Wright
Editor
editor@istart.com.au

OPEN BANKING

PayID breaches highlight the growing banking tech security challenge

Pay by e-mail (or mobile) service advises users to understand the meaning of caveat emptor…

If the multiple data breaches of Australia’s PayID in the last year prove anything, it might be that bank customer phishing is the new bank robbing, as the old fashioned holdup finally gets its digital transformation.

“Simply being alert to unusual patterns of behaviour would have prevented these security breaches.”

[Read more]

DIGITAL NATIONS

Harvard releases ‘ease of doing digital business’ rankings

A/NZ results highlight key areas of weakness…

If you’re looking to set up a digital business, Australia’s the place to be in APAC, excluding Japan, – so long as it’s a platform business – with the country topping the region.

Ease of doing digital business requires distinctive policy focuses and investments.

[Read more]

COUNTER TERRORISM

Platform companies unveil details on extremist content

Just how many moles are being whacked with online hate prevention tools?…

Digital ‘fingerprints’ related to the Christchurch terrorist attacks accounted for over 1,000 of the unique hashes collected by the GIFCT, a new report has revealed.

The new, independent, status and governmental oversight doesn’t however confer any new teeth.

[Read more]

NETWORKING

WiFi 6: Faster internet, and a big boost for IoT?

And no you didn’t miss 1-5, it’s just 802.11 was feeling uncool…

It’s promising faster speeds, latency improvements and – in what could be a key selling point for businesses – more reliable performance on congested networks.

“It’s coming soon, and it’s built for IoT.”

[Read more]

ACQUISITIONS

WhereScape converts success to cash

Kiwi-made solution to join Idera’s data stable…

Data infrastructure automation company WhereScape has been snapped up by the United States’ Idera for an undisclosed figure.

"The business had grown up enough to take this step.”

[Read more]

WHITEPAPER

Whitepaper: The future of finance is in the CFOs hands

Learn why CFOs should look at different ways to become more strategic…

CFOs need to operate in an ever changing world.

“Meet the self-driving car of software”

[Read more]

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