IDM Magazine

Industry Insider

Australia has introduced new cyber security laws. Here’s what you need to know

The Albanese government has introduced long-awaited legislation to parliament which is set to revolutionise Australia’s cyber security preparedness. The legislation, if passed, will be Australia’s first standalone cyber security act. It’s aimed at protecting businesses and consumers from the rising tide of cyber crime.

Companies with AI-Led Processes Outperform Peers: Accenture

New research from Accenture, from a survey of 2,000 executives across 12 countries and 15 industries, found that three-in-four (74%) organizations have seen investments in generative AI and automation meet or exceed expectations, with 63% planning to increase their efforts and further strengthen these capabilities by 2026.

AI-Powered Data Retrieval platform raises $US3.6M

A pioneering startup in the field of AI-powered data integration, Vectorize, has raised $US3.6 million in seed funding for its Retrieval Augmented Generation (RAG) platform designed to transform how businesses of all sizes leverage their data for AI applications.

Australia makes Top 11 Data Breaches of 2024

The MediSecure ransomware attack which exposed the personal and health data of nearly 13 million Australians, has earned a place in the top 11 data breaches of the first half of 2024, according to an analysis by Kiteworks.

Cyberthreat from Nation-States Growing: Report

Collaboration and coordination taking place between nation-states and cybercrime rings to target global supply chains and further geopolitical motives has become a signature trend in the threat landscape, according to a new report from OpenText Cybersecurity.

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Breaking news

Alation launches AI Governance Solution

Alation Inc. has launched its AI Governance solution to help organizations realize value from their data and AI initiatives. The solution ensures that AI models are developed using secure, compliant, and well-documented data.

Anyformat to automate unstructured data extraction and analysis

Spanish startup anyformat is aiming for a new era of collaboration between humans and artificial intelligence, after raising €520,000 in a pre-seed funding round. This will allow anyformat to accelerate the development of its generative AI platform, designed to transform how companies manage and analyze unstructured data.

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