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Evolution Mining Hit by Cyber Attack, Joins Growing List of Breached Australian Firms

Following a string of hacks that have affected domestic companies since 2022, Australian gold producer Evolution Mining revealed a cyberattack this we

Following a string of hacks that have affected domestic companies since 2022, Australian gold producer Evolution Mining revealed a cyberattack this week. Although Evolution only gave a few facts, the assault was stopped and reported to the Australian Cyber Security Centre. The nation has stepped up defences with more financing for law enforcement and mandated reporting procedures to combat an understaffed cybersecurity industry. In June 2023, cybercrime complaints increased by nearly 25% despite an increase in average victim expenses of 14%. Optus, Woolworths, Medibank, and Shells Australian division are other impacted businesses. Evolution said there would be no appreciable operational impact from the event. Read More..

B2B Tech News | 1 years ago          

South Sudan Oil Pipeline Rupture Deepens Economic Crisis and Unpaid Salaries

South Sudans economic problems worsened when a vital oil pipeline burst, leaving security personnel and government employees underpaid for nine months

South Sudans economic problems worsened when a vital oil pipeline burst, leaving security personnel and government employees underpaid for nine months. The protracted violence caused damage to the pipeline, which is crucial for oil shipments via Sudan and, worsened income deficits and exposed government inefficiency. Due to pay delays, there have been protests in Juba, and many people have taken up side employment. The local currency has crumbled, and inflation has skyrocketed to 35 per cent. President Salva Kiir has called for reforms and attacked how corruption and nonoil earnings are handled. Despite limited foreign assistance, the nation has extreme poverty and dislocation, notably a $46.2 million agricultural support agreement. Public dissatisfaction is rising as a result of poor administration and delayed elections. Read More..

B2B Tech News | 1 years ago          

Shell and PetroChina Announce Major Expansion of Surat Coal Seam Gas Project in Queensland

Australias Surat coal seam gas project is set to expand, according to a joint announcement by Shell and PetroChina. With a second phase of development

Australias Surat coal seam gas project is set to expand, according to a joint announcement by Shell and PetroChina. With a second phase of development planned to provide approximately 130 terajoules of petrol per day to the market, this decision was taken amid mounting requests for additional local energy investment. Approximately 22,400 barrels of oil equivalent per day are anticipated to be produced at peak production levels from the development by 2026. As more significant investments are called for to address supply constraints and excessive prices, Australias energy market operator and competition watchdog have made this step. With the second phase aimed at improving gas supply for families, companies and industries, the SGP has been running since 2020 and is run by Arrow Energy, a joint venture between Shell and PetroChina. Read More..

B2B Tech News | 1 years ago          

Hindenburg Research Accuses SEBI Chief Madhabi Puri Buch of Offshore Investments Linked to Adani Group

According to recent claims by Hindenburg Research, Madhabi Puri Buch, the head of Indias Securities and Exchange Board of India SEBI, has stakes in of

According to recent claims by Hindenburg Research, Madhabi Puri Buch, the head of Indias Securities and Exchange Board of India SEBI, has stakes in offshore funds connected to the Adani Group. Buch refuted the allegations, saying that her investments in 2015—before joining SEBI—complied with all disclosure regulations. The Hindenburg research has reignited interest in the Adani Group after its January 2023 disclosures of purported tax haven abuse and stock manipulation by the company, which resulted in a substantial selloff of its shares. The Adani Group has stressed their transparency while rejecting the accusations as unfounded. In the meantime, Indias opposition parties are requesting a parliamentary probe into the issue. Read More..

B2B Tech News | 1 years ago          

RBA Maintains Interest Rates Amid Economic Uncertainty and Persistent Inflation

Because economic projections are unpredictable, Australias central bank has decided to stick with the current interest rate strategy. The persistence

Because economic projections are unpredictable, Australias central bank has decided to stick with the current interest rate strategy. The persistence of inflation, as noted by Reserve Bank of Australia RBA Deputy Governor Andrew Hauser, is partially attributable to the economys lowerthanexpected spare capacity. According to the RBAs most recent predictions, core inflation, which was 3.9% in the June quarter, may not reach the target range of 23% by the end of 2025. Hauser pointed out that there was a great deal of uncertainty in these projections and advised care when using them. The markets are now expecting possible rate cuts by years end. The RBA has maintained the cash rate at 4.35% since November instead of waiting for further evidence before making any adjustments. Read More..

B2B Tech News | 1 years ago          

Vietnam Announces Plan to Cut Electricity Costs for Electric Vehicle Charging Stations

Vietnam intends to fulfil its 2050 carbon neutrality target and encourage the use of electric vehicles EVs by subsidising the cost of power for EV cha

Vietnam intends to fulfil its 2050 carbon neutrality target and encourage the use of electric vehicles EVs by subsidising the cost of power for EV charging stations. The goal of the subsidy proposal is to support the green energy transition and is scheduled to be submitted to the central government by midSeptember. Presently operating approximately 150,000 EV charging connections, largely under VinFasts management, is Vietnam, home of EV maker VinFast. Incentives for EV manufacturing and imports are also planned by the government, which will endeavour to guarantee public charging infrastructure in all cities and publish a single set of technical guidelines by the end of the month. Read More..

B2B Tech News | 1 years ago          

Cisco Issues Warning for Severe Vulnerabilities in SPA 300 and SPA 500 Series Phones

Critical zeroday vulnerabilities in Ciscos endoflife SPA 300 and SPA 500 series IP phones have prompted a warning from the company. With CVSS v3.1 sco

Critical zeroday vulnerabilities in Ciscos endoflife SPA 300 and SPA 500 series IP phones have prompted a warning from the company. With CVSS v3.1 scores as high as 9.8, these vulnerabilities, which include buffer overflows and insufficient HTTP packet checks, might provide remote attackers the ability to execute arbitrary commands or cause denial of service. Cisco has not offered these devices any patches or mitigating techniques. Upgrading to more recent, supported models, such as the Cisco IP Phone 8841 or phones from the Cisco 6800 series, is encouraged. Cisco provides a Technology Migration Program for tradeins and credit towards new equipment. Customers can get advice by contacting Ciscos Technical Assistance Centre. Read More..

B2B Tech News | 1 years ago          

YouTube Tests Sleep Timer Feature for Automatic Playback Pausing

YouTube is testing a new function called Sleep Timer. It is intended to automatically halt video playback after a predetermined time, making it perfec

YouTube is testing a new function called Sleep Timer. It is intended to automatically halt video playback after a predetermined time, making it perfect for viewers who nod off while viewing. You may set timers for 10, 15, 20, 30, 45, or 60 minutes or pause playback once the video concludes. This function is presently exclusive to YouTube Premium subscribers. The YouTube app or web clients settings menu requires users to allow experimental features to access it. The trial will continue till September 2. Furthermore, YouTube is testing a Geminipowered AI tool to assist producers with creating video titles, thumbnails, and outlines in response to text queries. Read More..

B2B Tech News | 1 years ago          



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