IAG sets hefty AI budget for next financial year
Insurance Australia Group (IAG) has budgeted for around $200 million for “AI and AI enablement” over the next financial year. Nick Hawkins, IAG Supplied The…
Category: ITnews
Inside the Google executive moves that led to its big AI reshuffle
Google co-founder Sergey Brin in recent months has urged key AI staff to go all in on the company’s Gemini model as parent Alphabet seeks…
Australia to make tech companies pay more outlets for content
Australia will raise the number of deals large tech firms must strike with local news outlets under a revamp of its media licensing laws to…
SA gov to hold royal commission into AI
The South Australian government will set up a royal commission into AI to shape its policy response to the technology. Premier Peter Malinauskas said that…
Suncorp drives AI more deeply into insurance processes
Suncorp Group is restructuring some of its digital oversight functions as it looks to accelerate its use of AI in the “manufacturing” and “distribution” of…
Onelogon attack defeats Microsoft’s Zerologon patch
German security researchers have reanimated a well-known authentication bypass bug affecting Microsoft’s Active Directory (AD) that was routinely abused by attackers some years ago, and…
AFP assessing report in connection with Perth cable faults
The Australian Federal Police is assessing a report of a potential crime after the owner of two undersea cables laid in protection zones near Perth…
Super funds to test coordinated cyber attack response
GNGB chief executive Michelle Bower said the exercise had become a bellwether for cooperation across the sector on cyber preparedness. The Gateway Network Governance Body…
NBN Co’s use of SaaS drives up its IT costs
NBN Co has seen its IT and software costs rise as it consumes more software as a service, but says AI use has not materially…
CBA’s AI Companion is expected to face some hard questions
Commonwealth Bank is anticipating that its in-app AI assistant Companion will be privy to questions and information that customers may not ordinarily share through traditional…
Komatsu Australia to move 4000 users to zero trust cloud security
Komatsu Australia is moving to protect its corporate network using zero trust network architecture to tackle rapidly emerging cyber security threats posed by frontier AI…
NAB’s long-time technology executive Patrick Wright to retire
National Australia Bank is set for a shake-up of its technology leadership with Patrick Wright set to retire after over nine years. The bank is…