Techbest – Top Tech Reviews In Australia
The best in Australian gadgets and technology
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Belkin SOUNDFORM Nano, True Wireless Earbuds, 85dB Limit for Ear Protection, Online Learning, IPX5 Sweat and Water Resistant, 24 Hours Play Time for iPhone, Galaxy, Pixel and More, Pink (PAC003)
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Xiaomi Redmi Buds 6 Lite Hybrid ANC Wireless Earbuds, Active Noise Cancellation up to 40 dB, 38 Hours Music Playback, Custom EQ Mode, Google Fast Pair Compatible, Fast Charging, USB, Type-C Small,
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Wireless Earbuds Bluetooth 5.3 Headphones with 4 Mic HiFi Stereo Sound, Wireless Headphones with Dual LED Display Touch Control, 40H Playtime Bluetooth Earphones IP7 Waterproof, Purple
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Listed on the ASX, Tyro Payments is actively searching for a new Chief Information Security Officer (CISO) following the announcement of Manasseh Paradesi’s resignation. The organization has already begun its recruitment effort to find an appropriate successor.
The new CISO will report to Chief Risk Officer Steven Chapman and will be responsible for overseeing Tyro’s information security infrastructure. This includes putting key cybersecurity protocols in place to secure customer information, financial systems, and stakeholder confidence.
As cyberattacks on financial sectors grow more sophisticated, the importance of a CISO is greater than ever. For Tyro Payments, which caters to over 68,000 Australian businesses with EFTPOS and banking solutions, upholding strong cybersecurity measures is essential.
Recent statistics from the Australian Cyber Security Centre (ACSC) indicate that the financial industry continues to be one of the most targeted sectors for cybercrime. The average financial impact of a cyberattack on medium-sized businesses in Australia has escalated to over $88,000 per incident.
This leadership shift arrives amid increasing regulatory oversight. Financial entities are required to comply with standards such as APRA CPS 234, which demands strict compliance with information security governance and incident response strategies.
As detailed in the LinkedIn job post, the new CISO at Tyro will be accountable for:
The position will also require leading a team of cybersecurity experts and collaborating with Tyro’s executive leadership to foster a security-centric culture.
Manasseh Paradesi joined Tyro Payments in 2021, bringing a wealth of knowledge from the cybersecurity and risk management fields. Before his time at Tyro, he was the CISO at Omniscient Neurotechnology, a medical device company utilizing AI to map brain function.
Paradesi’s previous roles include senior security positions at prominent organizations like Cover-More Group, energy company AGL, and GE Energy Connections. His departure marks the beginning of a new era for Tyro as it aims to align its security strategy with ongoing threats and business goals.
The fintech landscape in Australia is rapidly expanding, bringing with it increased exposure to cyber dangers. From ransomware incidents to phishing attacks, companies like Tyro must constantly fend off threats that can compromise customer confidence and financial security.
As reported by TechBest, Australian fintechs are investing significantly in cybersecurity, with over 70% planning to boost their security budgets in 2024. Appointing a strong, forward-thinking CISO is not only a regulatory requirement but also a competitive edge.
Tyro Payments is experiencing a pivotal leadership transition as it searches for a new Chief Information Security Officer to navigate the increasingly intricate cybersecurity terrain. With the departure of Manasseh Paradesi, the new CISO will play a crucial role in protecting the firm’s digital infrastructure, ensuring regulatory compliance, and maintaining customer trust in one of Australia’s leading fintech companies. This recruitment process unfolds amid escalating threats and growing regulatory responsibilities.
Tyro Payments is looking for a new CISO to take over from Manasseh Paradesi, who is leaving after over two years in the position. The firm wishes to enhance its cybersecurity and compliance framework in light of increasing threats and regulatory demands.
The new CISO will supervise Tyro’s complete information security framework, incorporating policy formulation, risk management, incident response, and adherence to regulations like APRA CPS 234.
The CISO will report directly to Tyro’s Chief Risk Officer, Steven Chapman, underscoring the strategic importance of this role within the organization.
Fintech companies like Tyro contend with risks such as ransomware, data breaches, phishing, and supply chain attacks. The ACSC notes a rise in incidents targeting financial entities, highlighting the urgent need for robust security strategies.
Paradesi contributed significant experience from his prior roles at Omniscient Neurotechnology, Cover-More Group, AGL, and GE Energy Connections. His expertise covers both private sector and essential infrastructure cybersecurity.
The transition is anticipated to proceed smoothly, with Tyro reaffirming its dedication to providing secure and dependable financial services. The company is actively seeking a successor to maintain its cybersecurity standards.
Qualified candidates can apply for the role through LinkedIn or Tyro’s careers site. The job listing is publicly available and details the required qualifications and responsibilities.
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soundcore by Anker Space A40 Adaptive Active Noise Cancelling Wireless Earbuds, Reduce Noise by Up to 98%, Ultra Long 50H Playtime, 10H Single Playtime, Hi-Res Sound, Comfortable Fit, Wireless Charge
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With the rapid increase in AI integration across sectors, organisations are becoming more reliant on systems governed by data. Nonetheless, initiatives can struggle without robust data management practices in place. According to Forrester, companies in the Asia Pacific with strong information management strategies are 1.5 times more inclined to succeed in AI endeavors.
This aspect is especially significant in Australia and New Zealand, where regulators are intensifying their scrutiny of data privacy infringements. The Office of the Australian Information Commissioner (OAIC) alongside the Australian Cyber Security Centre (ACSC) revealed 527 data breaches in only the first six months of 2024, marking the highest figure in over three years. Malicious attacks comprised 67% of these occurrences, illustrating that cybercriminals are capitalizing on trends in digital transformation.
In light of these updates, organisations in ANZ are reassessing their data strategies to assure compliance with regulations and lessen vulnerability to cyber threats.
AI technologies depend on data, yet risks significantly increase when that data contains personal, medical, or proprietary information. The 2024 data breach at MediSecure, affecting nearly 50% of Australia’s populace, emphasizes the severe repercussions that inadequate data security can lead to, particularly within sectors like healthcare where continuity of service is crucial.
To alleviate these dangers, organisations should implement Data Security Posture Management (DSPM) to:
The emergence of AI has given rise to new security roles dedicated to AI-specific risks. These specialists assess vulnerabilities in AI frameworks, establish customized security measures, and coordinate responses to incidents.
Organisations are also fostering an environment of ongoing discussions about security, where risk tolerance levels are established, resources are reallocated as necessary, and compliance efforts are consistently evaluated. This thoughtful strategy guarantees that AI adoption corresponds with both business and security objectives.
Traditional methods of data protection are unable to keep pace with the scale and intricacy of contemporary data. Automation has shifted from being optional to essential.
According to reports from Cybersecurity Ventures, there has been a 35% increase in the adoption of sophisticated threat detection tools, while Gartner projects that by 2025, 70% of enterprises will have integrated AI-driven threat intelligence systems.
Key automated capabilities encompass:
These technologies enable security teams to focus on strategic initiatives, enhancing efficiency while boosting resilience against threats.
AI systems depend on superior data quality to generate precise insights. Poor data quality can not only detract from results but also elevate security risks. Gartner estimates that subpar data may cost companies about A$21 million yearly.
To maintain both data quality and security, organisations should:
When implemented alongside AI systems, these governance strategies minimize potential attack vectors and assure adherence to developing regulations.
As AI becomes increasingly ingrained within business functions, the associated data security risks are bound to escalate. A comprehensive strategy—addressing data governance, risk management, and automation—is pivotal for achieving success.
Entities that invest in proactive data security measures not only adhere to compliance standards but also secure a competitive advantage in responsibly and effectively implementing AI.
Learn how recommended solutions such as AvePoint’s AI Security and Confidence platform can aid your organisation in protecting sensitive data while unlocking the full potential of AI.
For additional information, visit AvePoint’s AI Security and Confidence Solutions.
The safeguarding of data in the age of artificial intelligence is a pressing issue for organisations in Australia and New Zealand. With stricter privacy regulations and increasingly sophisticated cyber threats, businesses are compelled to adopt a proactive and strategic framework to protect their information resources. This includes establishing DSPM, automating threat identification, and enhancing data governance. Such initiatives ensure that organisations remain compliant, resilient, and prepared to safely leverage AI technology.
AI systems necessitate large volumes of data, much of which is sensitive. This makes them prime targets for cybercriminals. Furthermore, attackers can leverage AI tools to identify and exploit vulnerabilities at a pace that outstrips traditional techniques.
DSPM represents a proactive methodology for protecting and managing sensitive data. It entails locating where data is held, classifying its sensitivity, implementing security protocols, supervising access, and automating responses to threats.
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SAMSUNG Galaxy Buds 3 AI True Wireless Bluetooth Earbuds, Sound Optimization, Real Time Interpreter, Noise Cancellation, Redesigned Fit, Touch Control, Latin American Version (Silver)
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Edifier X2s True Wireless Earbuds, Bluetooth 5.3, 13mm Dynamic Drivers, Deep Bass, Lightweight, AI Environmental Noise Cancelling, Custom Sound, IP54 Water Dust Resistant, Black
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Yukigefe Bluetooth Headset V5.3, Wireless Earbuds with 1000mAh Charging Case, 96 Hours Talk Time, Hands-Free Noise Cancelling Headphones and Dual Microphone for Computers, Mobile Phones
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Skullcandy Dime 3 in-Ear Wireless Headphones, 20 Hours Battery Life, Micro, Compatible with iPhone, Android and Bluetooth Devices – Black
