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Digital Transformation

The Industry Reacts: Can we make AI work in Australia’s national interest? Visa Visa new AI banking assistant to be adopted by financial firms Australians using AI to guide purchasing finds Zip The industry speaks – part 2: AI Appreciation Day 2026 51% of banks boosting productivity with pilot AI Submissions and nominations are now open for the Australian AI Awards 2026 PODCAST: Trust is the new attack surface, with ThreatLocker APAC director of operations Emile Barakat Need to Know: Aussie workers are increasingly exposing customer data to public AI OpenAI’s Altman won’t accept anything under a $1tn IPO valuation Bendigo Bank has over 3k ideas for agentic AI use AI is running two races – revenue growth and stable economy, says Citi CEO ANZ Bank CIO announces new technology strategy ABC’s Anthropic partnership will see AI generate articles Nine, Microsoft partner for AI use in news Op-Ed: What happens when access to intelligence is no longer your decision? Legal trouble: Misleading AI images could lead to millions in fines PODCAST: Why cyber security’s next battle will be won by speed, with Qualys CEO Sumedh Thakar AI costs lead businesses to rethink their AI investment Bendigo Bank wants to have Australia’s first agentic SOC, but will human workers pay the price? 3 in 4 consumers would ditch a company if it suffered a major cyber attack Bankers warn of central market crash thanks to AI boom Artificial intelligence adoption surged in 2024–25, ABS reports Productivity Commission says the productivity slump can be cured by AI APRA instructs major lenders to share cyber insights AI law firm wins court case in legal profession first Major UK bank to launch over 1,000 new AI roles CPA warns against using AI tools and ‘finfluencer’ advice when tax time comes Suncorp trials agentic AI in insurance claims processing Calls for AI education grow louder PODCAST: Anthropic blocks Fable 5, Mackay Sugar tackles cyber attack, and the AFP gets tough on cyber crime Bunnings customers will soon be able to shop through Google AI Mode Westpac’s AI use will see the bank shift to a ‘digital-first service’ PODCAST: ThreatLocker’s Emile Barakat talks Essential Eight, cyber policy, and security as a human challenge Bank of England warns of AI deepfake scams featuring Nigel Farage and its governor OpenAI CFO says AI will be just as important as spreadsheet tools in the finance sector Virgin Australia rolls out ChatGPT flight search Tall tales and code: Anthropic launches Claude Fable 5 and Claude Mythos 5 PODCAST: AI profitability, hacker targets Aussie organisations, and Cyber Daily gets given Shirt of Invisibility Australian organisations to gain access to Anthropic Mythos CBA says businesses might tighten the belt on AI spending as expenses rise Japanese and UK banks look to OpenAI as Anthropic denies Mythos access Westpac finds AI subscriptions have skyrocketed Google Search is dead. Long live DuckDuckGo? PODCAST: Genetec’s Mathieu Chevalier on tricking AI and what Claude Mythos really means for the industry Magnifica Humanitas: Pope Leo XIV rails against ‘idolatry of profit’ in AI-focused encyclical Altman says AI won’t create a job apocalypse CBA begins testing of new companion AI that provides financial advice CBA CEO says AI must improve Aussie lives, ‘not just cut costs’ Aussies risk serious consequences by relying on AI for legal advice, lawyer warns PODCAST: Don’t let AI control your bank account, Qilin hackers target Australia, and law enforcement strikes back! Experts highlight the risks of OpenAI’s new financial adviser service CBA appoints inaugural chief AI scientist OpenAI’s new financial adviser service just needs you to link your bank account PODCAST: Budget priorities, paying ransoms, and Cyber Daily chats with Frank Briguglio, FCTO at SailPoint NBN to shift towards an agentic AI strategy AI adoption is high, but confidence and outcomes are low CBA opens second US hub to get closer to AI giants IMF says AI cyber attacks could cause a global financial crisis PODCAST: AI security woes, Aussie schools caught in international breach, and ThreatLocker’s Rob Allen ASIC calls for financial sector uplift as AI cyber threats take hold OpenAI partners with PwC to assist CFOs with AI agents APRA warns of cyber and governance risk due to lagging AI risk management US Federal Reserve outlines AI's influence on the finance sector Over 1 in 2 firms have AI privacy concerns: Intuit PODCAST: AI without guardrails – why Australian businesses are sleepwalking into cyber risk ‘Rebuilding the enterprise’: How CEOs are preparing for automation ‘Building confidence’: The key to effective AI implementation PODCAST: EU gets age verification right, Anthropic’s Claude Mythos, and the week in cyber attacks ANZ appoints its first chief AI officer Westpac appoints Chief AI Innovation Officer as part of technology push AI adoption highest for finance and property SMEs, says NAB Q&A: Quantum cryptography will be a “Y2k times 10 problem,” says DigiCert CEO AI is helping young investors get into the property market Australia’s financial regulators are keeping a close eye on Mythos Your next car may be designed by AI Braclays warns that Mythos could prove a problem for larger banks with legacy systems PODCAST: Compliance isn’t just box-ticking, it can be an uplift opportunity, with Fujitsu’s Laura O’Neill Australian Federal Court embraces AI in new practice note Anthropic co-founder confirms Trump admin was informed about Mythos AI model European Commission’s new age verification app removes privacy risk of third-party data collection PODCAST: Understanding CISOs as leaders, not just defenders, with PEXA’s Graham Fairley PODCAST: How PowerWater’s CISO embeds cyber security into business strategy from day 1 CHROs must lead the AI transformation, AI CEO says The CISO Brief: Is AI going to transform banking more than the internet and electricity? The workforces impacted by the ‘AI axe’ AMP to ‘embrace’ AI as tech reshapes banking PODCAST: AI to change banking forever, Iranian cyber attacks, and Australia to tackle DPRK fake IT workers Atlassian’s Confluence gets a dose of AI as standard SaaS loses steam JPMorgan CEO says AI will disrupt banking more than even the internet did The CISO Brief: Real estate scams cost Australians thousands, new scam tactics, and fake North Korean résumés PODCAST: Lloyds Bank AI woes and wins, Aussie toy store hacked, and a new Children’s Online Privacy Code Aussie AI firm pleases Wall Street with $1.8bn data centre deal Anthropic the first AI giant to join Australian National AI Plan UK’s largest digital bank wants to bolster its data engineering with AI The CISO Brief: SOCI Act to change, banking budgets under strain, and are remote workers a cyber liability? PODCAST: AI firms to face child safety fines, Iranian hackers hacked and was Lockheed Martin breached? Banking budgets under strain as AI and legacy systems compete for investment Atlassian’s Cannon-Brookes loses another $1bn as Wall Street confidence falls CFOs need to treat AI implementation as a portfolio rather than focusing on a single ROI, says Gartner
PODCAST: Beware AI and influencers, NSW Rural Fire Service hacked, and say goodbye to the Essential Eight!
Robyn Tongol · 2026-06-26 · via Digital Transformation

This week, Cyber Uncut looks at important tax time advice, a string of Aussie hacks that have exposed sensitive personal information, and the Australian Signals Directorate’s decision to retire the Essential Eight.

CPA Australia has a warning this tax time, and that is to be very aware of taking tax advice from AI chatbots and financial influencers. An AI hallucination could cost you real money, so this is something to pay attention to!

It’s been a terrible week for data breaches in Australia, with the NSW Rural Fire Service warning its members of a data breach, and a ransomware actor dumping teacher and student data from the Reynella East College breach onto the dark web. Right now, cyber criminals are no doubt combing through the data, making this breach one that parents should pay attention to.

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Finally, the ASD has said that, as good as the Essential Eight is, it’s no longer fit for purpose in the AI age. Find out what’s going to replace it, and then stay tuned for an update on the alleged distributed denial-of-service (DDoS) attack that took down a One Nation website a couple of weeks ago.

Just another week in cyber security.

Enjoy,
The Cyber Uncut team

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