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“US Treasury Claims ‘Significant Incident’ Involves Theft of Documents by Chinese Hackers”


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Analysis of the Chinese Hackers’ Breach at US Treasury

Significant Cybersecurity Incident: Chinese Hackers Assault US Treasury

Quick Overview

  • Chinese state-affiliated hackers reportedly compromised the systems of the US Treasury Department earlier this month.
  • The attackers leveraged a key from a third-party cybersecurity firm to access unclassified files.
  • BeyondTrust, along with the FBI and the US Cybersecurity and Infrastructure Security Agency (CISA), is investigating the breach.
  • The Chinese government has denied any role in global cyber espionage activities.
  • Cybersecurity professionals raise alarms about the rising risks associated with third-party service providers.

Details of the Breach

Earlier this month, it was reported that Chinese state-sponsored hackers gained access to the US Treasury Department, accessing unclassified records located on departmental workstations. Sources indicate that the assailants took advantage of a weakness in a third-party cybersecurity service provider to penetrate the department’s systems.

BeyondTrust, the identified third-party service provider, announced that a key meant to secure its cloud-based remote support offering had been compromised. This breach enabled the hackers to circumvent security measures and access systems operated by the Treasury Departmental Offices (DO). The incident has been categorized as a “major event,” underlining the seriousness of the breach.

Current Investigative Actions

In the aftermath of the breach, BeyondTrust promptly notified the US Treasury Department, which subsequently reached out for help from the FBI and the US Cybersecurity and Infrastructure Security Agency (CISA). While investigations are still ongoing, the full scope of the compromised data is yet to be determined.

BeyondTrust has publicly acknowledged the occurrence, stating that the breach has affected a “limited number” of clients using its remote support application. The company reassured stakeholders that it is conducting an internal investigation and taking measures to avert future breaches.

Chinese hackers infiltrate US Treasury Department systems in a significant cybersecurity event

China’s Response and Reactions

A representative from the Chinese Embassy in Washington refrained from commenting, upholding Beijing’s longstanding assertion of non-involvement in cyber espionage cases. Historically, China has faced numerous allegations of state-sponsored cyberattacks, all of which it routinely denies.

This recent incident contributes to an escalating series of cyber breaches believed to involve Chinese state actors, complicating geopolitical relations and raising alarms about global cybersecurity weaknesses.

Targeting of Third-Party Security Providers

This breach highlights a significant vulnerability in today’s cybersecurity landscape: dependence on third-party vendors. A multitude of organizations, including government bodies, relies on external service providers for IT solutions, thus creating potential entryways for cyber attackers.

Experts caution that with the growing trend of organizations transitioning to cloud services, malicious actors are increasingly targeting service providers. Businesses are advised to enhance their vendor management strategies and adopt strong zero-trust security models to reduce risks.

Implications for Australian Businesses

Although this incident occurred in the United States, Australian businesses can extract essential lessons from it. The escalating complexity of cyber threats underscores the necessity for rigorous cybersecurity initiatives, particularly for sectors and agencies managing sensitive information.

The Australian Cyber Security Centre (ACSC) has persistently urged organizations to oversee their supply chain security and conduct frequent risk evaluations. This breach serves as a crucial reminder for Australian organizations to prioritize their cybersecurity robustness.

Conclusion

The alleged cyber intrusion by Chinese state-sponsored hackers onto the US Treasury Department exemplifies the advancing complexity and magnitude of modern cyber threats. By leveraging weaknesses in third-party service providers, cybercriminals can circumvent even well-established security systems. This incident acts as a critical alert for organizations around the globe, including those in Australia, to bolster their cybersecurity frameworks and invest in sophisticated threat detection solutions.

Q&A: Analyzing the US Treasury Cyberattack

Q: What methods did the hackers use to penetrate US Treasury systems?

A:

The hackers utilized a compromised key from a third-party service provider, BeyondTrust, which enabled them to bypass security measures and access unclassified documents within the Treasury Departmental Offices’ workstations.

Q: What measures are being enacted to investigate the breach?

A:

The US Treasury Department is partnering with BeyondTrust, the FBI, and the US Cybersecurity and Infrastructure Security Agency (CISA) to evaluate the effects of the breach and devise ways to prevent similar incidents in the future.

Q: What can Australian organizations learn from this event?

A:

Australian organizations should enhance their cybersecurity measures, especially when depending on third-party vendors. It is crucial to perform regular security evaluations, adopt zero-trust frameworks, and maintain strong vendor management to mitigate risks.

Q: Has there been an official response from China regarding these allegations?

A:

China has not released an official comment concerning this specific event but has a history of denying participation in cyber espionage activities.

Q: What are the implications of this breach on global cybersecurity initiatives?

A:

This breach illustrates the worldwide nature of cybersecurity threats, underscoring the importance of international collaboration to address vulnerabilities in supply chains and essential infrastructure.

Q: Is BeyondTrust assuming any accountability for the breach?

A:

BeyondTrust has recognized the incident, confirmed that a limited number of clients were impacted, and stated that an internal inquiry is in progress to rectify the situation and avert further breaches.

“Cybercriminals Take Over Widely Used Chrome Extensions from Various Companies”


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Extensive Chrome Extension Breaches: How Cybercriminals Target Businesses

Quick Read: Essential Points

  • Since mid-December, several companies have seen their Chrome browser extensions breached by cybercriminals.
  • California’s Cyberhaven confirmed that its data protection extension was compromised during an attack on Christmas Eve.
  • Targeted extensions also include those associated with artificial intelligence and virtual private networks (VPNs).
  • The attacks seem to exploit opportunities to gather sensitive information from various sources.
  • Users should stay vigilant while using browser extensions and ensure they are updated regularly.

Chrome Extension Breaches: What Occurred?

In a troubling turn for online safety, cybercriminals have taken control of Chrome browser extensions belonging to multiple companies, including the data protection enterprise Cyberhaven. The breaches, which started in mid-December, underline increasing weaknesses in browser extensions that millions depend on every day.

Cyberhaven, located in California, confirmed the security breach in a statement, mentioning that their Chrome extension was compromised on Christmas Eve. This extension, which is primarily used to protect and oversee client data across web applications, became part of a much larger scheme targeting Chrome extension developers globally.

Jaime Blasco, cofounder of Nudge Security, noted the discovery of various similarly compromised extensions, with some attacks reported as early as mid-December. Extensions that emphasize artificial intelligence and VPN technologies were among those impacted, indicating a wide-ranging, opportunistic approach by cybercriminals.

What Makes Chrome Extensions Susceptible?

Browser extensions are widely used tools that improve user experiences by providing functionalities such as coupon applications, ad-blocking, and data monitoring. However, these features also render them appealing targets for hackers. Extensions often possess elevated permissions, granting access to sensitive information like browsing history and login credentials.

The problem is exacerbated by the fact that not all extensions are subjected to thorough security assessments, creating vulnerabilities that attackers can take advantage of. Once an extension is compromised, it can be exploited to gather user data or even inject harmful code into websites.

How Pervasive Is the Issue?

At this time, the complete scope of the breaches remains unknown. While Cyberhaven is among the confirmed casualties, other affected companies and extensions related to AI and VPN services indicate a broader campaign. According to Blasco, the assaults do not seem to focus on any specific organization but rather aim to exploit as many valuable extensions as possible.

The U.S. Cybersecurity and Infrastructure Security Agency (CISA) has been made aware of the breaches, though further information from the parties involved, including Alphabet (Google’s parent company), is still pending.

Measures You Can Take to Ensure Safety

Given that browser extensions are increasingly targeted by cyberattacks, users should proactively safeguard their online security:

  • Install extensions solely from reliable sources with good ratings.
  • Frequently update your extensions to maintain the latest security updates.
  • Examine the permissions requested by extensions and eliminate unnecessary access.
  • Consider using a separate browser for sensitive tasks to reduce risks.
Cybercriminals exploit Chrome extensions for malicious purposes
Cybercriminals exploit Chrome extensions for malicious purposes.

Conclusion

The recent surge of cyberattacks focusing on Chrome browser extensions emphasizes an increasing area of concern within cybersecurity. With companies like Cyberhaven experiencing breaches, the necessity for increased awareness and solid security practices has never been more vital. As cybercriminals persist in exploiting vulnerabilities in widely used tools, both users and organizations must stay proactive to protect sensitive information.

Q&A: Essential Information

Q: How do hackers target Chrome extensions?

A:

Hackers commonly take advantage of vulnerabilities in the extension’s code or gain access to developer accounts to deploy malicious updates. Once compromised, the extension can gather user data or enact harmful actions.

Q: Which kinds of Chrome extensions face the most risk?

A:

Extensions that can access sensitive data, including those associated with cybersecurity, artificial intelligence, and VPNs, are especially appealing to hackers due to their valuable user base.

Q: How can I determine if an extension I use has been compromised?

A:

Keep an eye on news updates regarding the extensions you utilize and watch for unusual activity, such as unexpected permissions or changes in functionality. If you’re uncertain, uninstall the extension and notify the developer.

Q: What should companies do to secure their extensions?

A:

Developers need to adopt strong security practices, including implementing two-factor authentication for accounts, conducting regular code reviews, and promptly addressing vulnerabilities and user reports.

Q: Are all web browsers equally vulnerable to extension breaches?

A:

Although Chrome is the most targeted due to its dominance in the market, other browsers are also at risk. The level of risk often relies on the extension’s structure, permissions, and the security protocols of its developer.

Q: Can using a VPN defend me against these types of threats?

A:

A VPN can secure your internet connection and defend against particular types of cyber threats, but it cannot stop compromised extensions from accessing information you share while browsing. Staying vigilant is crucial.

“Versent Recognized with Esteemed 2024 AWS Partner Award”


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Versent Triumphs in 2024 AWS Partner Award for Excellence in Energy and Utilities

Versent Achieves 2024 AWS Partner Award for Innovation in Energy and Utilities

Quick Read

  • Versent honored with the 2024 AWS Partner Award for Industry Partner of the Year in Energy and Utilities.
  • This accolade acknowledges Versent’s contribution to cloud transformation for Woodside Energy Limited.
  • AWS Partner Awards spotlight partners who excel in specialization, innovation, and client success.
  • Versent’s cloud migration capabilities have improved Woodside’s operations, enhancing efficiency and safety.
  • The awards process included self-nominations and a comprehensive assessment by the third-party firm Canalys.
  • Versent is an Australian technology consultancy focused on Cloud, Identity, Security, and Managed Services.

AWS Partner Awards: A Mark of Distinction

Unveiled at the AWS re:Invent 2024 Partner Awards Gala, the Geographic and Global AWS Partner Awards commend partners who have excelled in fostering innovation and delivering customer-centric solutions on AWS. Versent earned the distinguished recognition of Industry Partner of the Year – Energy and Utilities, attributed to its pivotal role in transforming Woodside Energy Limited’s operations with advanced AWS solutions.

Versent receives 2024 AWS Energy and Utilities Award

Revolutionizing Energy Operations: The Versent and Woodside Alliance

Versent’s collaboration with Woodside Energy Limited epitomizes cloud transformation. By transitioning Woodside’s operations to the cloud, Versent facilitated substantial operational efficiency gains, refined maintenance workflows, and maximized production potential. Utilizing AWS’s advanced technologies, this partnership has transformed Woodside’s handling of operational data, fostering innovation and operational excellence.

“We take immense pride in the accomplishments achieved through our collaboration with Woodside and AWS. Together, we embarked on a transformative path to transition Woodside’s operations to the cloud, markedly enhancing maintenance efficiency and maximising production capabilities.” – Cam Robertson, GM Versent

The Selection Process for Winners

The AWS Partner Awards honor partners at geographic and global levels, following a thorough selection procedure. Submissions were evaluated by Canalys, a third-party agency, with an emphasis on customer success use cases. Additionally, categories based on quantitative data assessed AWS partner performance metrics for an unbiased and precise evaluation. Finalists consisted of the top three AWS partners in each category, making Versent’s victory a notable achievement.

About Versent: At the Forefront of Innovation

Established in Australia, Versent is a technology consultancy recognized for reshaping businesses through innovative solutions. With a dedicated team of over 650 professionals, Versent specializes in Cloud, Identity and Security, Data, Digital, and Managed Services. Their pursuit of excellence and unwavering focus on client outcomes have positioned them as a trusted ally for premier global organizations.

Summary

Versent’s recognition as the 2024 AWS Industry Partner of the Year for Energy and Utilities emphasizes its devotion to client success and creativity. Through its partnership with Woodside Energy Limited, Versent has demonstrated the transformative capabilities of AWS technologies in enhancing operational effectiveness and safety. This accolade underscores the company’s proficiency in cloud transformation and its commitment to delivering significant results for clients.

Q&A: Important Questions Regarding Versent’s Accomplishment

Q: Which award did Versent receive?

A: Versent received the 2024 AWS Partner Award for Industry Partner of the Year in the Energy and Utilities sector.

Q: What led to Versent’s recognition by AWS?

A: Versent was acknowledged for its pioneering cloud transformation solutions for Woodside Energy Limited, leading to improved efficiency, safety, and production capacity.

Q: What is the AWS Partner Network (APN)?

A: The AWS Partner Network is a global initiative designed to assist partners in innovating, accelerating cloud journeys, and utilizing AWS’s extensive services to support customers.

Q: In what manner are AWS Partner Award winners selected?

A: Winners are determined through a blend of self-nomination, customer success use cases, and performance metrics based on data, reviewed by the external firm Canalys.

Q: What sectors does Versent specialize in?

A: Versent specializes in Cloud, Identity and Security, Data, Digital, and Managed Services, serving various sectors including energy and utilities.

Q: What advantages has Versent’s partnership with Woodside provided?

A: The collaboration allowed Woodside to shift its operations to the cloud, enhancing maintenance efficiency, improving safety, and maximizing production potential.

Q: What distinguishes Versent as a technology consultancy?

A: Versent’s emphasis on client outcomes, a skilled team of over 650 experts, and a commitment to innovation set them apart as a leading technology consultancy.

“NSW Police Improves Data-Exchange Abilities with ID Assistance Program”


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NSW Police Collaborates with ID Support NSW to Fight Identity Theft

NSW Police Bolsters Cybercrime Efforts with ID Support NSW

Quick Read

  • NSW Police and ID Support NSW have entered a new memorandum of understanding (MoU) to address identity theft and cybercrime more efficiently.
  • This collaboration seeks to enhance data-sharing and optimize reactions to data breaches, scams, and fraud.
  • Recent probes revealed 14,000 stolen identity documents that affected nearly 1,000 people.
  • ID Support NSW serves as a centralized resource for identity theft victims, facilitating the replacement of compromised documents and reducing risks.
  • This partnership highlights the increasing need for collective action to protect Australians from cyber threats.

Strengthening Cybercrime Protections

NSW Police has made a crucial advancement in its battle against the surge of cybercrime, scams, and identity theft. By finalizing a memorandum of understanding (MoU) with ID Support NSW, the collaboration seeks to provide faster and more effective responses to incidents involving compromised personal information. This initiative is timely as data breaches and fraudulent activities grow more intricate.

Revealing Extensive Identity Fraud

The agreement comes after a significant inquiry by NSW Police that uncovered around 14,000 stolen identity documents tied to a suspected fraud operation. This troubling finding exposed the vulnerabilities individuals encounter in a digital-centric world. By partnering with ID Support NSW, the police pinpointed 959 individuals likely affected by the scheme, showcasing the sizable benefits of enhanced data-sharing capacities.

Enhanced data-sharing to combat identity theft in NSW

How ID Support NSW Aids Victims

Founded three years ago, ID Support NSW functions as a centralized recovery entity for individuals whose personal information has been compromised. The organization collaborates with various state agencies and IDCARE, a nationwide identity and cyber support service, to replace stolen documents and mitigate risks. By streamlining support, ID Support ensures that victims receive prompt assistance in protecting their identities from additional exploitation.

Expert Perspectives on the Collaboration

Detective Superintendent Matt Craft from the State Crime Command’s cybercrime unit praised the partnership as a vital progression in countering cyber threats. “It boosts our capability to educate the community and provide essential assistance to those impacted by cybercrime,” Craft declared, stressing the necessity of utilizing available resources to keep ahead of cybercriminals. Additionally, Digital NSW Deputy Secretary Laura Christie emphasized how the MoU enhances both teams’ capacities to effectively respond to incidents and support victims.

The Larger Vision: Protecting Australians Online

This collaboration mirrors a wider movement of governmental entities uniting to address the growing obstacles in cybersecurity. With cybercrime costing Australians billions each year, initiatives like this MoU are crucial for securing sensitive information and fostering public trust. As technology advances, strategies must evolve to counter malicious activities.

Summary

The newly established MoU between NSW Police and ID Support NSW signifies a proactive strategy to tackle identity theft and cybercrime. By enhancing data-sharing capabilities and offering streamlined assistance to victims, this partnership establishes a hopeful precedent for coordinated efforts in defending Australians against digital threats. Strengthened collaboration between law enforcement and recovery services is vital in a time marked by rising cyber challenges.

Q: What is the primary aim of the MoU between NSW Police and ID Support NSW?

A:

The main goal of the MoU is to enhance data-sharing and streamline responses to identity theft, data breaches, and cybercrime. This seeks to provide quicker and more effective support to victims while strengthening preventative actions.

Q: In what way does ID Support NSW assist those affected by identity theft?

A:

ID Support NSW serves as a centralized recovery service, assisting victims in replacing compromised identity documents and minimizing the risks of further misuse of stolen credentials. It partners with organizations like IDCARE to deliver comprehensive support.

Q: What prompted this partnership between NSW Police and ID Support NSW?

A:

The collaboration was launched after the finding of 14,000 stolen identity documents during an investigation, highlighting the urgent need for better coordination in tackling identity theft and fraud.

Q: Who stands to gain from this collaboration?

A:

Primary beneficiaries include victims of identity theft, fraud, and cybercrime. The partnership also bolsters law enforcement’s capability to tackle cybercriminals and protect the public.

Q: What does this initiative mean for wider cybersecurity efforts in NSW?

A:

The collaboration establishes a benchmark for coordinated efforts to face cyber threats, building public trust and enhancing the overall cybersecurity landscape of the state.

Q: What role does public education play in this partnership?

A:

Public education is essential as it empowers individuals to identify and react to cyber threats. The collaboration aims to increase awareness about identity theft and effective practices for protecting personal data.

“NBN Co Fibre Installation Expenses Increase 27-29% Over Initial Estimates”


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NBN Co Fibre Installation Expenses Surpass Projections by 27-29% | TechBest

Escalating Installation Expenses: NBN Co Encounters Hurdles in Fibre Deployment

Summary

  • NBN Co’s fibre installation expenses have risen 27-29% beyond predictions for FY24.
  • Costs associated with upgrading buildings from copper or fibre-to-the-curb (FTTC) to complete fibre were higher than forecasted.
  • Local fibre network (LFN) costs matched expectations despite increased initial expenses.
  • NBN Co realized savings of $70 million by converting underperforming copper lines to fibre.
  • Upgrades to fixed wireless exceeded projections with the installation of more than double the anticipated wireless cells.
  • The average connection cost for first-time users rose to $886 per building, linked to enhanced service delivery.

Escalating Expenses for Fibre-to-the-Premises Enhancements

NBN Co has disclosed that the expense of installing lead-ins for 285,000 properties transitioning from copper or fibre-to-the-curb (FTTC) to complete fibre during FY24 was between 27% and 29% higher than initially estimated. These lead-ins serve as the final connection between the local fibre network (LFN) and individual residences.

Financial records indicate that the cost for lead-ins from fibre-to-the-node (FTTN) to fibre (FTTP) exceeded estimates by 29%, while FTTC to FTTP lead-ins were 27% above forecasts. While specific dollar amounts remain unavailable, the overspend raises concerns about the precision of earlier financial predictions.

Examining the Discrepancy in Financial Projections

The variances in budget originate from a four-year framework referred to as IOP23, which received approval in the middle to late 2022. The projections from this plan may be outdated due to the rapid shift in market conditions and unforeseen logistical complications.

Although NBN Co has not provided clear justifications for the cost hikes, potential factors may include escalating material expenses, labour shortages, and unexpected installation challenges. These difficulties mirror broader economic trends affecting infrastructure projects throughout the country.

Mitigating Costs with Copper Line Conversions

In spite of the budget overruns, NBN Co successfully realized significant savings of $70 million by converting underperforming copper lines to fibre where possible. This strategy not only diminished remediation costs but also enhanced customer satisfaction through superior connection quality.

Furthermore, the organization exceeded its projected number of premises eligible for fibre enhancements, showcasing substantial progress in evolving towards a more resilient network.

Investments in Fixed Wireless and HFC

The report also unveiled mixed financial results across various network segments. While NBN Co spent less than anticipated on the hybrid fibre-coaxial (HFC) footprint and transit network by postponing capacity investments, it exceeded spending on fixed wireless enhancements. The company deployed over double the planned wireless cells, with an average expenditure per upgraded site reaching $356,765.

NBN Co stated that this accelerated work will lead to decreased expenses in coming years, as the infrastructure is now established to manage increasing demand.

Rising Costs for First-Time Connections

Connection and assurance expenses have also risen in FY24, with the average first-time connection cost per premises climbing to $886. This increase is linked to a program allowing technicians to resolve more intricate installation issues during a single visit. While this strategy raised upfront costs, it is expected to boost long-term efficiency and improve customer experiences.

Conclusion

NBN Co in Australia continues to navigate financial and logistical challenges in its fibre deployment, with installation expenses exceeding forecasts by 27-29%. Although these overruns trigger concerns, the company has made substantial savings and advancement in other domains, such as copper-to-fibre conversions. As NBN Co adjusts to shifting demands and economic fluctuations, refining its forecasting and project management will be essential for its ongoing success.

Q&A: Commonly Asked Questions

Q: What caused NBN Co’s fibre installation expenses to surpass forecasts?

A:

The expense overruns are likely a result of increasing material prices, labour inadequacies, and unforeseen installation complications. Additionally, the financial forecasts from the IOP23 plan may no longer be relevant given the present economic climate.

Q: What does this mean for Australian consumers?

A:

While these cost overruns do not directly correlate to increased charges for customers, they could affect NBN Co’s future pricing and investment plans. On a positive note, the network improvements are designed to offer faster and more reliable internet services.

Q: What is the importance of the $70 million savings from copper line upgrades?

A:

By converting underperforming copper lines to fibre, NBN Co lowered remediation expenses and enhanced service quality for impacted customers. This initiative supports the company’s objective of shifting to a fibre-centric network.

Q: Are there any advantages to the increase in first-time connection costs?

A:

Certainly, the rise indicates an enhanced service delivery model where technicians can tackle complex challenges in a single trip. This method improves long-term efficiency and client satisfaction.

Q: What actions is NBN Co taking to manage cost overruns?

A:

NBN Co is reassessing its spending methods and postponing certain investments to control expenses. The company is also capitalizing on expedited projects to lower future spending.

Q: How do fixed wireless upgrades align with NBN Co’s strategy?

A:

Fixed wireless enhancements cater to the rising demand for dependable internet access in rural areas. By deploying additional wireless cells, NBN Co is expanding coverage and enhancing service quality for underserved regions.

“Tesla Unveils Revolutionary ‘Trailer Profiles’ Function”


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Tesla’s Innovative ‘Trailer Profiles’ Feature Transforms Towing

Tesla’s Innovative ‘Trailer Profiles’ Feature Transforms Towing

Quick Overview

  • Tesla’s 2024.45.32 software update launches ‘Trailer Profiles’ to enhance towing experiences.
  • Users can monitor trailer mileage and manually enter information like trailer type (open or enclosed).
  • The feature allows up to 20 Saved User Configurations (SUCs) for various trailers.
  • Trailer Profiles provide better energy consumption projections based on trailer type.
  • Automatic detection of trailers with Tesla Vision is not currently supported but may be an upcoming improvement.
  • Beneficial for both personal and commercial applications, especially for those frequently towing different trailers.

What is Tesla’s ‘Trailer Profiles’ Feature?

The latest software update from Tesla, version 2024.45.32, introduces a new ‘Trailer Profiles’ feature that significantly enhances the towing experience for vehicle owners. This functionality allows users to set up and manage profiles for as many as 20 trailers, which is useful for both personal and business towing demands. Users can enter specific details like trailer type—be it open or enclosed—and manually track their mileage. This information is crucial for monitoring essential parts such as brakes and tyres to ensure safe and efficient operation.

Tesla reveals Trailer Profiles feature for towing
Image: Tesla’s Trailer Profiles feature is now launched. Credit: @Cybertruck0001

How Does it Enhance Towing?

Optimised Energy Use Estimation

The Trailer Profiles feature aims to enhance energy efficiency by considering the specific type of trailer being towed. Whether an open flatbed or a covered caravan, the system utilises this data to provide more accurate energy consumption estimates, thereby boosting the overall effectiveness of Tesla’s electric vehicles.

Mileage Monitoring for Maintenance

As trailers do not have an odometer, tracking mileage has always posed a challenge. Tesla overcomes this hurdle by allowing owners to enter mileage data manually for each trailer. This functionality is particularly useful for scheduling maintenance, like tyre replacements or brake servicing.

Limitations and Future Enhancements

Manual Input Necessary

While the Trailer Profiles feature is a notable advancement, it comes with certain limitations. Users must manually switch between profiles and enter details, which may prove tedious for those who frequently use different trailers. The automatic detection of trailers via Tesla Vision technology, which integrates the vehicle’s cameras, is not yet included but could be a valuable upgrade in the future.

Potential for Improvement

Tesla has the opportunity to expand this feature by incorporating predefined categories for trailers, such as horse, bike, and utility trailers. Furthermore, linking this feature with the Tesla mobile application or website for easier management and data extraction would significantly enhance user experience.

Who Benefits from Trailer Profiles?

This feature holds great value for a diverse group of users. For personal use, it serves those who often tow caravans or utility trailers. In commercial contexts, where different trailers are towed on a daily basis, the ability to create multiple profiles improves both efficiency and safety.

Conclusion

Tesla’s ‘Trailer Profiles’ feature signifies a considerable advancement for both towing aficionados and industry professionals. By enabling the creation of up to 20 profiles, tracking of mileage, and optimisation of energy use according to trailer type, this feature enhances the functionality of Tesla’s sophisticated vehicles. Although it presently requires manual inputs, the prospect of future enhancements like Tesla Vision integration stands to further elevate EV towing capabilities.

Frequently Asked Questions

Q: What is the main function of Tesla’s ‘Trailer Profiles’ feature?

A:

The ‘Trailer Profiles’ feature allows Tesla owners to establish and manage profiles for various trailers, monitor mileage, and calculate energy consumption based on trailer type.

Q: How many trailer configurations can I save?

A:

Users can save and maintain up to 20 Saved User Configurations (SUCs) for different trailers.

Q: Is there support for automatic trailer detection?

A:

No, currently automatic trailer detection through Tesla Vision is unavailable. Manual entry and profile switching are required.

Q: Is the feature suitable for commercial applications?

A:

Yes, it is highly advantageous for commercial operations where vehicles may frequently tow diverse trailers.

Q: Will this feature be integrated into the Tesla mobile app?

A:

Integration with the Tesla mobile app or website for enhanced management and data export is a possibility in future updates, though it is not available yet.

Q: Can I utilise this feature for tracking maintenance schedules?

A:

Yes, the mileage tracking capability assists in monitoring when maintenance is needed for items such as tyres and brakes.

“Crypto Theft Losses Surge to AU$3.4 Billion in 2024”


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Crypto Hack Losses Increase Dramatically in 2024: Essential Insights

Crypto Hack Losses Increase Dramatically in 2024: Essential Information for Australians

Quick Overview

  • In 2024, AU$3.5 billion in losses were attributed to crypto hacks, reflecting a 21% rise from 2023.
  • A total of 303 hacking incidents were documented, continuing a concerning pattern.
  • DeFi platforms are still the main targets, making up the bulk of the losses.
  • North Korean hacking factions are involved in a large share of these attacks.
  • Enhanced security measures and regulatory frameworks are vital to address this escalating problem.

What Is Causing the Surge in Crypto Hacks?

A Chainalysis report reveals that cryptocurrency hacks reached AU$3.5 billion in 2024, indicating a 21% jump from the prior year. This significant rise in losses exposes persistent vulnerabilities within digital asset platforms, particularly in the decentralised finance (DeFi) arena.

Due to their open-source structures and intricate coding, DeFi platforms have become appealing targets for hackers. In 2024, these platforms represented the majority of the stolen funds, raising urgent concerns about their long-term security and resilience.

North Korea’s Involvement in Crypto Cybercrime

The report highlights the considerable role North Korean hacking groups play in cryptocurrency theft. These groups are associated with state-sponsored cybercrime activities, utilizing stolen cryptocurrency to finance unlawful operations, including nuclear arms programs. Their advanced methods and ability to take advantage of weaknesses in crypto platforms contribute to their disturbing success rates.

Effects on Australia’s Cryptocurrency Sector

There has been a notable increase in the adoption of cryptocurrencies in Australia, both as investment options and means of transaction. Yet, the uptick in hacking incidents presents a significant threat to investor trust. As local exchanges and platforms expand, they become more appealing targets for cybercriminals.

The Australian government is taking steps to regulate the crypto sector, although the speed of implementation frequently falls behind the swiftly changing threats. It is crucial to bolster cybersecurity practices and create solid frameworks for risk management to protect the nation’s digital economy.

How to Safeguard Against Crypto Hacks

While no system can guarantee complete safety, individuals and businesses can adopt various measures to reduce the likelihood of being affected by crypto hacks:

  • Utilize Cold Wallets: Keep your cryptocurrencies offline in a hardware wallet to reduce susceptibility to online threats.
  • Activate Two-Factor Authentication (2FA): Enhance your accounts with an extra layer of security.
  • Conduct Platform Research: Only engage with well-reviewed and secure exchanges or DeFi platforms.
  • Stay Updated: Remain informed about the latest in crypto security and evolving threats.

Conclusion

The remarkable AU$3.5 billion in crypto hack losses in 2024 is a significant alert for investors and the industry worldwide. With DeFi platforms and state-backed hacking groups fueling the rise in incidents, the urgency for enhanced security measures and regulatory scrutiny is more pressing than ever. As Australia continues to adopt cryptocurrencies, the protection of digital assets must be a priority for all involved parties.

Q: Why do hackers frequently target DeFi platforms?

A:

DeFi platforms utilize open-source code, making them transparent but also revealing potential vulnerabilities. Furthermore, their decentralised characteristics often imply a lack of regulatory oversight found in traditional financial organisations, appealing to cybercriminals.

Q: What involvement do North Korean hacking groups have in cryptocurrency theft?

A:

North Korean hacking groups are known to be involved in a substantial number of cryptocurrency thefts. They employ advanced techniques to exploit platform weaknesses and finance unlawful activities, including developing nuclear arms.

Q: What strategies can Australian investors adopt to shield themselves from crypto hacks?

A:

Australian investors should focus on security by using cold wallets, activating two-factor authentication, and rigorously investigating platforms prior to use. Keeping abreast of the latest cybersecurity trends is also essential.

Q: Is the Australian government effectively regulating the crypto sector?

A:

While the Australian government has begun implementing regulations for the crypto sector, challenges persist due to the rapid pace of technological progress. More comprehensive regulatory frameworks are necessary to address emerging threats and safeguard investors.

Q: What are the indicators of a potential crypto hack?

A:

Indicators include irregular account activity, unauthorized transactions, or phishing attempts masquerading as official messages. It is important to monitor your accounts closely and respond promptly if any suspicious activity is detected.

Crypto hack losses reached AU$3.4 billion in 2024

“JAL Reestablishes Normal Operations After Cyber Assault”


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Japan Airlines Recovers Operations After Cyber Incident – TechBest

Japan Airlines Restores Operations After Cyber Incident

Quick Overview

  • Japan Airlines (JAL) underwent a cyber incident that affected both their internal and external systems on Thursday morning.
  • Ticket sales for the same day and certain flights were momentarily impacted but have now resumed.
  • There was no breach of customer data, and the airline assured that no harm was done by computer viruses.
  • The problem originated from a faulty router, which has been resolved.
  • ANA Holdings, a rival of JAL, reported no indications of an attack on its systems.
  • American Airlines experienced a different technical issue this week, leading to a temporary grounding of flights on Christmas Eve.

Event Details: A Chronology of Incidents

Japan Airlines (JAL) reported a cyber incident on Thursday morning at 7:24 a.m., causing disruptions to both internal and external systems. This incident resulted in notable interruptions, such as the halt of same-day ticket sales and delays in several domestic and international flights. The underlying cause was traced back to a malfunctioning router, which the airline’s IT team addressed swiftly.

Despite the interruptions, JAL confirmed that customer information remained secure, and the incident was not connected to any computer viruses. By the end of the day, services were normalized, and ticket sales resumed.

Japan Airlines restores operations after cyber incident

Competitive Landscape and Industry Perspective

While JAL experienced disruptions, its competitor ANA Holdings reported no problems with its systems. This emphasizes the differing levels of risk among airlines within the same sector. The incident also occurs amidst rising concerns regarding cybersecurity within the aviation industry, where interconnected systems are more frequently targeted by malicious entities.

Separately, American Airlines encountered a technical issue with network hardware earlier this week. This glitch led to an hour-long grounding of all flights on Christmas Eve, affecting numerous passengers. Such occurrences highlight the essential nature of strong IT frameworks for the seamless operation of airlines.

Cybersecurity in Aviation

The aviation industry has emerged as an attractive target for cybercriminals due to its dependence on complex, interconnected IT systems. Disruptions can have far-reaching impacts, affecting everything from flight operations to passenger information. Airlines are making significant investments in cybersecurity protocols to reduce risks, yet the increasing sophistication of cyber attacks necessitates that these defenses are continuously improved.

Experts advocate for regular system evaluations, comprehensive incident response planning, and staff training to help recognize and address potential threats. As airlines shift to digital advancements to elevate customer experiences, securing these systems becomes more crucial than ever.

Conclusion

Japan Airlines has effectively reinstated its systems following a cyber incident that disrupted its flights and ticket sales. The occurrence underscores the susceptibility of airlines to both technical and cyber challenges, highlighting the significance of robust IT systems. While JAL successfully avoided data breaches and virus impacts, the situation serves as a crucial reminder for the aviation industry to strengthen its cybersecurity strategies.

Q&A: Frequently Asked Questions Regarding the Incident

Q: What led to the disruption of JAL’s systems?

A:

The disruption was caused by a malfunctioning router, which impacted both internal and external systems. The IT team resolved the issue the same day.

Q: Was any customer information compromised during the incident?

A:

No, JAL confirmed that no customer data was leaked as a result of the incident.

Q: What effects did the incident have on flights and ticket sales?

A:

Same-day ticket sales were temporarily halted, and several domestic and international flights faced delays. Services resumed once the issue was resolved.

Q: Is this a frequent issue in the aviation sector?

A:

While not a regular occurrence, cyber incidents and technical glitches can happen in the aviation sector due to its reliance on sophisticated IT systems. Such events underscore the necessity for continual investment in cybersecurity.

Q: How does this situation compare to the American Airlines technical issue?

A:

In contrast to JAL’s cyber incident, American Airlines faced a technical issue related to network hardware. Nonetheless, both events caused considerable disruptions, highlighting the vulnerability of airline IT infrastructures.

Q: What measures can airlines implement to avert such incidents?

A:

Airlines can conduct routine system audits, improve incident response strategies, invest in cutting-edge cybersecurity technology, and provide employee training to mitigate risks.

“PsiQuantum’s Efforts for Openness Miss the Mark at the Last Minute”


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PsiQuantum Funding Agreement and Transparency Issues

Quick Overview

  • PsiQuantum secured $940 million in funding from the federal and Queensland governments for a quantum computing initiative.
  • Crucial documents pertaining to the agreement remain significantly redacted or unreleased, raising concerns about transparency.
  • The federal government cited “public interest immunity” to defend its decision to withhold information.
  • The funding arrangement includes plans for a regional headquarters in Australia and aims to have a quantum computer operational in Brisbane by 2027.
  • Following a change in administration, the Queensland government has placed the investment under review.
  • A federal audit of the agreement is also being considered.
  • Critics contend the deal lacks adequate scrutiny and transparency, urging further investigation.

Transparency Issues with the PsiQuantum Agreement

The Australian Senate’s efforts to obtain essential documents regarding PsiQuantum’s $940 million funding deal have encountered obstacles. Although some documents were released, they were significantly redacted, providing little clarity on the specifics of the agreement. The federal government justified its actions by invoking “public interest immunity,” asserting that disclosing the truth would not align with public interest.

PsiQuantum funding agreement raises transparency issues in Australia

What We Know About PsiQuantum’s $940 Million Investment

PsiQuantum, a US-based quantum computing firm, obtained nearly $1 billion in funding after presenting an unsolicited proposal in 2022. The arrangement includes the establishment of a regional headquarters in Australia and the development of a quantum computer in Brisbane, set to be operational by 2027. However, the deal’s opacity has attracted criticism from multiple angles.

Documents Not Released

The Senate specifically sought access to several vital documents, including details of PsiQuantum’s unsolicited proposal, a non-disclosure agreement, a list of technological milestones, and a Deloitte analysis that guided the investment decision. None of these were disclosed, and the Senate’s request for document production was only “partially fulfilled.”

Critique and Demands for Accountability

Paul Fletcher, Shadow Minister for Government Services and the Digital Economy, has been outspoken about the necessity for transparency. He referred to the deal as a “reverse engineered sham” intended to benefit an American firm and emphasized that Australian taxpayers deserve clarity on the specifics of such a major investment.

Fletcher has also advocated for a parliamentary investigation to examine the funding agreement further, reflecting widespread public unease regarding the lack of accountability.

Concerns at the State Level and Federal Audit

The Queensland government, which initially endorsed the deal, has experienced an administrative shift. The new government has revisited the investment, introducing further uncertainty into PsiQuantum’s overall strategy. A federal audit of the $940 million investment is also being contemplated, further underscoring the contentious nature of the agreement.

A Quantum Advancement or a Slip-Up?

Quantum computing is an emerging technology with revolutionary potential, yet the PsiQuantum agreement raises important questions about how governments should reconcile innovation with accountability. While the potential for a quantum computer operational by 2027 is appealing, the lack of transparency creates doubts about what could be a pivotal milestone for Australia’s technology sector.

Conclusion

The $940 million funding agreement between PsiQuantum and the Australian and Queensland governments is facing scrutiny due to its opacity. Despite the ambitious objective of having a quantum computer operational in Brisbane by 2027, heavily redacted documents and withheld information have prompted public and political apprehensions. Critics are demanding more accountability to ensure taxpayer funds are judiciously used, while both state and federal audits hang over the project.

Q&A

Q: What is the $940 million funding agreement with PsiQuantum?

A:

PsiQuantum has secured nearly $1 billion in funding from the Australian federal and Queensland governments to set up a regional headquarters in Australia and construct a quantum computer in Brisbane, expected to be operational by 2027.

Q: What are the grounds for criticism regarding the agreement?

A:

Criticism arises from the lack of transparency, as fundamental documents linked to the agreement have been heavily redacted or withheld. Detractors argue that this hinders adequate oversight of public fund usage.

Q: What does “public interest immunity” mean?

A:

“Public interest immunity” is a legal concept allowing governments to conceal information if its release is considered not to be in the public’s best interest. The Australian federal government has cited this to justify the non-disclosure of documents related to the PsiQuantum agreement.

Q: What is the current status of the investment?

A:

The Queensland government has initiated a review of the investment following a change in administration, and a federal audit into the agreement is being pondered.

Q: Who is advocating for increased transparency?

A:

Paul Fletcher, Shadow Minister for Government Services and the Digital Economy, has been a leading advocate for transparency. He has also called for a parliamentary inquiry into the deal.

Q: What potential benefits does this agreement hold?

A:

If successful, the agreement could position Australia as a leader in quantum computing, with a fully operational quantum computer opening new possibilities in technology, healthcare, and industry.

Q: What is the timeline for the quantum computer?

A:

PsiQuantum intends to have the quantum computer operational in Brisbane by 2027, although this timeline could be affected by audits or reviews.

“Charging Into the Holiday Season: Countless New EV Charging Stations Launched Throughout Australia”


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Preparing For the Future of EV Charging: The Rise of High-Capacity EV Cables Among Australians

Brief Overview

  • A plethora of new EV charging stations are being established throughout Australia, facilitating travel for EV owners this holiday season.
  • Destination charging is increasingly recognized as a viable option alongside home and DC fast charging, particularly in rural regions.
  • Numerous EV chargers obligate users to provide their own charging cables, encouraging EV owners to adopt high-capacity, future-ready cables.
  • Arlec offers a selection of Type 2 charging cables, available in speeds ranging from 4.6kW to 22kW.
  • Choosing the right charging cable hinges on the vehicle’s maximum charging capability, the cable’s power rating, and the charger present at the destination.
  • Bunnings has emerged as a handy spot for acquiring EV chargers and accessories, including options compatible with Tesla.

Grasping Destination Charging in Australia

With the increasing adoption of electric vehicles (EVs) in Australia, discussions around charging alternatives are gaining traction. While many EV users depend on home charging or DC fast chargers during travels, destination charging is becoming a pivotal third alternative. Tailored for extended stays, like overnight hotel visits, destination chargers provide a slower charge than DC fast chargers, but they allow you to recharge while resting or sightseeing.

Destination chargers are particularly crucial in regional towns where fast chargers may be limited. These chargers often necessitate drivers to supply their own cables, adding a degree of complexity for unprepared EV owners. This trend is motivating numerous Australians to invest in portable charging cables to ensure they’re equipped for any eventuality.

Selecting the Appropriate EV Charging Cable

Why Bringing Your Own Cables Is Becoming Common

Many newly established charging stations favor lower-cost configurations without attached cables, compelling drivers to bring their own. This trend is prominent on platforms such as Plugshare, where users can evaluate charging alternatives before embarking on their journeys. For those who often utilize destination chargers, possessing a dependable cable is becoming a necessity.

The Arlec Cable Collection: Key Insights

Arlec’s collection of EV charging cables encompasses a variety of choices to cater to diverse needs. All cables are equipped with Type 2 connectors, which is the Australian standard for AC charging. However, they differ in power support, ranging from single-phase 4.6kW to three-phase 22kW. Prices escalate with higher power ratings, so choosing the correct cable relies on your individual requirements.

Ensuring Your Investment Stays Relevant

When selecting a cable, it is crucial to account for not only your current vehicle but also potential future requirements. For instance, if your vehicle’s maximum charging capacity is 11kW, a 22kW cable might appear unnecessary. However, acquiring a higher-capacity cable guarantees compatibility with faster-charging EVs you might possess in the future. This forward-thinking strategy can prevent the need to purchase an additional cable later.

The Three Essential Elements of EV Charging

The Vehicle

The onboard charger in your car dictates the maximum charging speed. For example, the Tesla Model Y can charge up to 11kW on a three-phase connection, potentially adding around 75km of range each hour.

The Cable

The cable serves as the link between your vehicle and the charging station. Higher-capacity cables, like Arlec’s 22kW option, are intended to facilitate quicker charging speeds if supported by both the vehicle and charger.

The Charger

The charging station itself represents the concluding link in the chain. While numerous DC fast chargers come with attached cables, destination chargers generally require users to bring their own. Consequently, investing in a versatile cable proves to be a vital asset for travels or stays in regional areas.

Where to Purchase EV Chargers and Cables in Australia

Bunnings has become a preferred retailer for EV charging accessories, providing a variety of choices for both Tesla and non-Tesla automobiles. With several locations throughout Australia, it serves as a practical option for EV owners aiming to enhance their charging arrangements. Not every store provides the entire range, so it’s advisable to check online for availability or visit a nearby store with an expanded selection.

Conclusion

As Australia enhances its EV charging infrastructure, destination charging is becoming an increasingly vital option, especially for travel in regional areas. Investing in a high-capacity, future-ready charging cable guarantees that EV owners are prepared for numerous charging scenarios. With stores like Bunnings making these products more widely available, now is an opportune moment to improve your EV charging arrangements for the path ahead.

FAQs Regarding EV Charging in Australia

Q: What is destination charging, and why does it matter?

A:

Destination charging pertains to slower chargers situated at locations where you might stay for several hours or overnight, such as hotels. It is essential for regional travel where fast chargers may not be accessible.

Q: Why do some charging stations require users to bring their own cables?

A:

To keep expenses down, many charging providers set up chargers without attached cables. Consequently, drivers must bring their own Type 2 cable to connect their vehicle.

Q: How do I select the proper EV charging cable?

A:

Evaluate your vehicle’s maximum charging capacity, the cable’s power rating, and the types of chargers you expect to utilize. Investing in a higher-capacity cable can safeguard your setup for faster EVs in the future.

Q: Are destination chargers free of charge?

A:

Not necessarily. Some locations may impose a fee for electricity, while others incorporate charging costs within their service offerings.

Q: Can I find EV chargers and cables at Bunnings?

A:

Absolutely, Bunnings carries a variety of EV chargers and cables, including options compatible with Tesla. Availability may vary from one location to another.

Q: Is it worth investing in a 22kW cable if my car only supports 11kW?

A:

Yes, a 22kW cable guarantees compatibility with future vehicles that could support faster charging, making it a sensible long-term investment.