Tech News: 5 Things to Know in Australia Today

Tech News: 5 Things to Know in Australia Today

Hello, hope you’re staying warm. Things are a little heavy on the banking side today, but let’s jump in.


1. CommBank goes down

Customers of the Commonwealth Bank of Australia had a bit of trouble yesterday with their CommBank app, with complaints flooding in throughout the day saying that people either couldn’t log in, see their balance, or transfer money. The outage started at around 8 am AEST and it wasn’t until 4 pm AEST that the bank said it was recovering.

2. New banking T&Cs to thwart abuse

Staying on banking for a minute and new banking rules in place by CBA and NAB are hoping to make it clear financial abuse will not be tolerated on their respective platforms. NAB has announced a new ‘unacceptable account conduct’ condition on its savings and transaction accounts that will allow bankers to cut off customers who are perpetrating financial abuse, while CBA says it will name financial abuse as unacceptable customer behaviour in new T&Cs on a range of products. The Centre for Women’s Economic Safety (CWES) has labelled it “a significant step forward”. Elsewhere, both banks, per the AFR, are looking to add thousands of workers in India to their payroll to help with AI efforts.

3. Medibank has to set aside $250M following data breach

The Australian Prudential and Regulation Authority (APRA) announced it has taken action against Medibank Private following a review of its major cyber incident. APRA said it will impose an increase in Medibank’s capital adequacy requirement of $250 million, “reflecting weaknesses identified in Medibank’s information security environment”. “This action demonstrates how seriously APRA takes entities’ obligations in relation to cyber risk and that APRA will respond strongly to identified weaknesses in cyber security controls,” APRA member Suzanne Smith said, adding, “APRA expects Medibank to ensure there is appropriate accountability and consequence management, including impacts to executive remuneration where appropriate.”

4. High-speed internet for all Americans

U.S. President Joe Biden has announced that every household in the country would have access by 2030 to high-speed internet, using cables made in the U.S., of course. Per the AP, he declared high-speed internet was no longer a luxury but an “absolute necessity”, announcing that more than $US40 billion would be distributed across the country to deliver high-speed internet in places where there’s either no service or service is too slow. “But it’s not enough to have access — you need affordability and access,” the president said, with no doubt more to come on how this’ll be acheived.

5. Telegram is getting Stories

And lastly, per The Verge, we learned that Telegram is getting Stories. There’s not a single social media app that isn’t trying to be another social media app, and everyone is adding stories, or removing them (thank god). You all know what they are by now, so they need no explanation, but the explanation from Telegram CEO Pavel Durov is that they have been a popular request. “More than half of all feature requests that we receive are related to Stories,” he said. Anyway, they’ll launch early next month.

BONUS ITEM: Nobel Prize winner John Goodenough, who helped pioneer the batteries which power our devices, dies aged 100.

Have a great day.

The Cheapest NBN 50 Plans

It’s the most popular NBN speed in Australia for a reason. Here are the cheapest plans available.

At Gizmodo, we independently select and write about stuff we love and think you'll like too. We have affiliate and advertising partnerships, which means we may collect a share of sales or other compensation from the links on this page. BTW – prices are accurate and items in stock at the time of posting.