Nov 24, 2017 Last Updated 3:11 PM, Nov 24, 2017

New Entry From the Editor :

Tesla completes construction of the world’s largest lithium ion battery in South Australia

Tesla completes construction o…

AusBN - Tesla has completed construction of its giant lithium ion battery i...

Rio Tinto prolongs association with China’s Sinosteel with JV extension

Rio Tinto prolongs association…

AusBN - Rio Tinto (ASX:RIO) and China’s Sinosteel Corporation have ag...

Amazon arrives in Australian retail market

Amazon arrives in Australian r…

AusBN - Amazon Australia has officially launched and will start taking orde...

Crown Castle sells Australian subsidiary

AusBN – Telecoms tower-owner Crown Castle International has sold its Australian subsidiary CCAL for A$1.6 billion.

The company hopes to turn its attention to expanding its US network.

Proceeds from the acquisition will be used to finance its acquisition of Quanta Services subsidiary Sunesys.

Crown Castle CEO Ben Moreland said: "The sale of CCAL allows us to redeploy capital towards our growing small cell networks, which we expect will be accretive to our long-term AFFO and dividend per share growth rates.”

@AusBNOnline

Australia sees 20% increase in cyber-attacks

AusBN – The Defence Force Intelligence Unit has announced that cyber-attacks on Australian businesses and governments increased by 20% last year.

Banking, finance, resources and energy, defence capability and telecommunications were the most commonly targeted sectors.

Millions of cyber-attacks a day were recorded by the country’s biggest bank, The Commonwealth Bank.

Ben Heyes, the banks chief of Information Security, said: "We're seeing the tools that are available for executing a cyber-attack are becoming more widespread and becoming increasingly more sophisticated and, with that, we're seeing a large increase in the volume of attacks.

"We have categories of attacks that are designed to disrupt services and there are categories of attacks that are designed to gain access to an organisation's internal environment - to potentially withdraw from that intellectual property or data that's important."

The government recently opened the Australian Cyber Security Centre to counterattack the increase.

@AusBNOnline

This Month's Issue

AusBN Vol3 Iss1

Subscribe

rgn web banner

abn web banner