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Cybercrime - In the top 5 risks faced by Australian business in 2015

2 February 2016 | walter
Cybercrime costs the Australian economy over $1 billion annually. Cybercrime risk moved into the top 5 risks faced by Australian business in 2014 according to Allianz research; it wasn’t in the top ten in 2013. Businesses are being targeted by criminals using highly sophisticated cyber attacks such as denial of service (DoS), botnets, worms, spear phishing and drive-by exploits. Cyber crime and data breaches cost the global economy around $120 billion annually and are considered one of the top emerging risks for the 21st Century.
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Paris hears IAG's call for united front on disaster management

10 December 2015 | walter
Greater collaboration among governments, insurers and other stakeholders is the key to building disaster-resilient communities, according to the IAG-led PSI Global Resilience Project.
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CGU Steps in to save Tropfest

10 December 2015 | walter
Famous short film Tropfest has been saved by eleventh-hour sponsor CGU Insurance. The 22 year old event was cancelled last month due to what founder John Polson called a "terrible and irresponsible mismanagement of funds". The festival will now go ahead on Valentine's Day in Sydney's Centennial Park Since it was first held in 1993, Tropfest has grown to become the world's largest short film festival, fostering Hollywood stars including Rebel Wilson and Sam Worthington and directors as The Black Balloon's Elissa Down and Two Hands' Gregor Jordan.
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Steven Hill - Live the Dream

4 November 2015 | walter
LIVE THE DREAM – GO STEVE CMIB is proud to be a supporter and sponsor of Steven Hill on his quest to represent Australia at the Rio Olympics. The Australian Equestrian Showjumping Team has qualified for the Rio Olympics but Steven and his horseYalambi’s Bellini Star need to go to Europe for 6 months to participate in qualifying to be included in the team. There is little financial support so the trip would have to be self funded.
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How would you like to pay for that? Cash, credit or bitcoins?

24 September 2015 | walter
While the use of Bitcoin may not presently be widely accepted like cash or electronic funds transfers, it is undeniable that the interest and market opportunities for bitcoin are rapidly increasing. Bitcoin is a decentralised peer-to-peer payment system that exists virtually and is unlimited by the constraints of countries, government or time. The payment system's unit base, bitcoins, are essentially a digital currency or cash for the digital era.
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How private is that connected car?

24 September 2015 | walter
Among the fastest growing sectors in the industry of smart things is the connected car. No longer a simple way from point A to point B, cars now comprise a computer, cell phone and camera all rolled into one motorized package. Because these cars collect and trasmit ignifivcant amounts of data, and can access sensitive information on drivers' (and passengers') cell phones, many vehicle owners are asking what lies ahead for their personal privacy.
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Cyber Insurance – A growing Threat To Your Business

10 September 2015 | walter
 
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Experts Predict Severe Bushfire Season

10 September 2015 | walter
Experts predict severe bushfire season 7 September 2015 Large areas of NSW, Victoria, southern Queensland and WA face above-normal bushfire risk this summer, according to the Bushfire and Natural Hazards Co-operative Research Centre. Its outlook for southern Australia also warns of an early start to the season in some areas, as the effects of El Nino combine with a long-term rainfall deficit. “There has been more than a decade of below-average rainfall,” CEO Richard Thornton told insuranceNEWS.com.au.
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Cyber Insurance Claim Example

22 June 2015 | penny
A Brisbane based business was recently the subject of a cyber attack where the hackers made numerous extortion threats and stole sensitive data from them. The business was completely unprepared for the attack, Acting Assistant Brian Hay from the State Crime Command said “We are strongly urging business to ensure their computer systems are secure and protected from hackers.”
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IAG reveals extent of Sydney storm damage

30 April 2015 | penny
IAG has revealed that the recent storms that rocked New South Wales is set to cost the company $250 million as earning expectations have been hit.
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