This month’s launch of Australia’s New Payments Platform is likely to increase the risk of fraudsters seeking to exploit the availability of real-time bank payments warns cybersecurity specialist Centrify.
Centrify, a leading provider of Zero Trust Security through the power of Next-Gen Access, enables more than 5000 organisations globally, including over half the Fortune 100 in the US, to proactively secure their businesses.
Launched publicly last week, the New Payments Platform (NPP) provides Australians with the ability to send each other money in “real time”, through a new system for settling transactions between banks assisted by the Reserve Bank of Australia.
The NPP will allow customers of as many as 60 financial institutions to link their bank details to a PayID, so they can hand out their phone number or email address to receive payments instead of number-based bank account details. The first product built on the platform is Osko, a person-to-person payment utility from BPay.
However Centrify’s Senior Director for APAC Sales Niall King has advised Australian consumers and businesses to review their security practices before using NPP-enabled services. “Security is the price we pay for convenience,” he said.
Accelerated Concepts, now part of Digi International, (NASDAQ: DGII, www.digi.com), a leading global provider of Internet of Things (IoT) connectivity products and services, today announced it has launched an Australian-designed 4G failover router that delivers National Broadband Network (NBN) speeds over wireless networks to support IP-enabled devices in the smart home and business.BRISBANE, AUS: Feb. 12, 2018
The Accelerated™ 6330-MX router, which supports 4G LTE CAT6 speeds and all 4G/4GX carrier bandwidths in Australia and New Zealand, including Band 28, is designed to keep the smart home and business online when wired Internet access fails. The attractive ‘prosumer’ device is simple to locate in any premises with Power-over-Ethernet support and an integrated wireless access point. Pricing for the 6330-MX – and Accelerated’s range of enterprise-grade 4G/4GX and CAT 6 failover routers - is available from the Accelerated Australian web store.
Accelerated Concepts designs 4G failover routers that provide Internet access via cellular data networks when primary broadband links fail. Built-in intelligent bandwidth support makes Accelerated routers ideal for both congested city networks and rural areas where telephony and broadband data compete for popular frequency bands. Band 28, on the 700 megahertz (MHz) frequency formerly used by analogue television services in Australia, is typically uncongested.
David Malcolm, executive director of Network Professional Services (NPS), Accelerated’s master reseller for Australia and New Zealand, said that the Accelerated 6330-MX router was a great way to beat the “NBN blues”.
Australia’s mandatory data breach notification law takes effect this month warns Centrify.Australian executives and company directors will face increased professional responsibility for overseeing cybersecurity when
Centrify, delivering Zero Trust Security through the power of Next-Gen Access, notes that recent events demonstrate clearly how publicised data breaches can damage corporate value.
Last year, US credit monitoring agency Equifax saw its share price drop by 13 per cent after it reported a data breach affecting about 143 million Americans. In 2016, Yahoo suffered a $350 million reduction in its sale price to Verizon after reporting two massive data breaches affecting one billion accounts.
Centrify Senior Director APAC Sales Niall King said those incidents alone should grab the attention of executives and directors. “The salient point is that these are not isolated events,” he warns.