Cyber Uncut

From banks battling big tech for AI talent to ransomware attacks exposing sensitive medical records, David Hollingworth and Daniel Croft unpack another eventful week in cyber security – including why your supermarket fridge might be a bigger security risk than you think.

AI is reshaping everything from banking to elections, but are organisations keeping pace with the risks? Hollingworth and Croft explore the race for AI talent, the collapse of Firmus' proposed $44 billion ASX listing, and growing concerns about AI-generated deepfakes in electoral advertising. With AI adoption racing ahead of governance, the pair examine the challenge of balancing innovation, economic opportunity and accountability.

Then it's on to the week's cyber crime headlines, from French supermarkets hit by compromised refrigeration systems to ransomware groups claiming vast troves of sensitive healthcare data. The incidents affecting a pair of Aussie healthcare providers highlight the risks of third-party providers and compromised back-ups. Hollingworth and Croft also discuss why connected operational technology needs stronger security controls and why organisations must treat their suppliers as part of their own cyber perimeter.

There's good news, too. Australia's new ASD Essentials framework marks an evolution of the Essential Eight, reflecting a threat landscape increasingly shaped by AI. And in a standout example of AI used for good, Indigenous rangers in Arnhem Land are using MegaDetector to streamline wildlife monitoring, cutting the images requiring analysis by 81.4 per cent.

Tune in to Cyber Uncut for the latest developments, sharp analysis and a reminder that technology's biggest risks and most promising applications can emerge from the same place.

Enjoy, The Cyber Uncut team

Cyber Uncut returns to discuss AI giant conspiracies, data centre impacts, and the dead internet theory. Are AI giants like OpenAI having their agents hack things on purpose? Senior journalist Daniel Croft and managing editor Liam Garman touch on the theory that these tech giants want their AI models hacking, as any publicity is good publicity. The two start by discussing dead internet theory and bots causing division, starting with the 2016 election. They then discuss local hacks and the Commonwealth Bank of Australia's AI copyright changes. Finally, the two talk about data centres and the impact they could have on markets. Are data centres set to cause a "mining boom" effect in small, regional towns? How are rental and housing markets going to be impacted? Should data centre developers be building housing right next to their projects? The answer might not be as clear as you might think. That's this week in the Cyber Uncut podcast. Enjoy, The Cyber Uncut Team

Information has always shaped power and influence – but in the age of artificial intelligence, the speed, scale and sophistication with which narratives can be created and deployed has changed dramatically.

In this episode of the Contested Ground podcast, Phil Tarrant and Major General (Ret'd) Dr Marcus Thompson explore how the tradecraft of information warfare is increasingly intersecting with the commercial world, and why influence, narrative and information advantages are becoming critical strategic capabilities for modern businesses.

They unpack the parallels – and important differences – between military information operations and commercial competition, from shaping perceptions and gaining decision superiority to defending against misinformation and responding to crises at speed.

With AI now enabling highly targeted content to be created in hours rather than weeks, Tarrant and Thompson examine what this means for business leaders, why communications can no longer be left solely to marketing teams, and why organisations need the people, systems and strategy to compete in an information environment moving faster than ever before.

Cyber Uncut returns with an AI hacking incident at Medicare, ransomware drama, banking breaches, and the surprisingly serious security lessons from getting AI "drunk".

Would you let an AI agent apply for a loan on your behalf?

New research suggests 59 per cent of Australians would – but Cyber Daily's David Hollingworth and Banking Daily's Daniel Croft aren't convinced. The pair break down the growing willingness to hand AI sensitive financial data and decision-making authority, and why giving an agent autonomy creates a very different risk profile from simply asking ChatGPT to find you the best deal.

The conversation then turns to the OpenAI agent that accessed the Australian government's Medicare statistics service, the fallout from the incident, and what happens when AI systems pursue goals with loose guardrails. From ShinyHunters' extraordinary clash with the FBI to Revolut's accidental disclosure of customer data, Hollingworth and Croft examine how AI-enabled threats and old-fashioned social engineering are converging – while ransomware groups continue to target organisations holding highly sensitive data.

And then things get weird. Researchers at UNSW have demonstrated how prompting or fine-tuning AI to behave as though it were intoxicated can weaken its safeguards and make it more willing to overshare. Beneath the laughs is a serious warning: protections that work under normal conditions may not hold when an AI is pursuing a goal, adapting its behaviour, or encountering obstacles. Tune in for the latest Cyber Uncut conversation between David Hollingworth and Daniel Croft.

Enjoy, The Cyber Uncut team

HPE's Matt Hanmer says organisations must break down the traditional divide between network and security teams as AI accelerates attacks and infrastructure becomes increasingly distributed. Organisations need to bring network and security operations together to keep pace with increasingly distributed infrastructure and faster-moving cyber threats, according to HPE APJ regional director Matt Hanmer.

Speaking on the Cyber Uncut podcast, Hanmer said the traditional separation between teams is becoming unworkable as organisations connect more people, locations and applications while facing pressure to do more with less. Treating the network as a security sensor can help organisations detect threats while reducing duplicated tools, costs and operational complexity.

AI is adding urgency to the shift, with attackers increasingly automating activity that once took months and compressing parts of the attack lifecycle into hours or minutes, Hanmer said. Defenders need to automate repetitive security operations while keeping humans responsible for oversight and intervention. Rather than keeping people "in the loop" for every decision, Hanmer advocates putting humans "on the loop" – setting rules and parameters for automated systems while ensuring security teams can intervene when necessary.

Hanmer will discuss HPE's approach further at HPE Networking Day in Sydney on 7 October, where attendees can see its networking roadmap, demonstrations, and meet its global leadership team.

Enjoy, The Cyber Uncut team

Australia and the United Kingdom share one of the world's deepest strategic relationships – but in an increasingly contested geopolitical environment, that partnership is taking on new significance. In this episode of Contested Ground, Phillip Tarrant and Major General (Ret'd) Dr Marcus Thompson are joined by acting British high commissioner to Australia Dr Brian Jones to unpack the future of AUKUS, the UK's growing Indo-Pacific focus, and the security challenges binding the two nations more closely together.

They also explore the enormous industrial opportunity behind AUKUS, the role Australian businesses and technology can play in UK and allied defence supply chains, and why economic, technological, and national security cooperation is becoming increasingly inseparable.

It's a wide-ranging discussion on deterrence, defence industry, sovereign capability, and the enduring trust underpinning the Australia–UK relationship. Enjoy the podcast, The Contested Ground team

Genetec's Lee Shelford says AI and cloud are giving security teams faster investigations while turning physical security systems into tools for broader business operations. Organisations should stop treating AI as a box-ticking exercise and focus on where it can deliver measurable operational gains, according to Genetec's Lee Shelford.

Speaking on the Cyber Uncut podcast with David Hollingworth, Shelford says AI-powered video analytics can cut investigations from hours to minutes, allowing operators to find people, vehicles, objects, and behaviours using natural-language searches and respond while incidents are still unfolding.

Shelford urges organisations to look beyond traditional surveillance, with Genetec combining video, access control, vehicle recognition, communications, and IoT data through a single interface. The technology can also support use cases beyond security, including bushfire detection, remote monitoring, car park management, and improving the movement of people and vehicles through airports and shopping centres.

According to Shelford, remote management can eliminate the need for onsite upgrades and configuration, while AI can reduce the manual tuning previously required as conditions change. But cyber security must remain central, with Genetec having pursued Australian requirements, including IRAP assessment and Essential Eight alignment. Enjoy, The Cyber Uncut team

Phil Tarrant and Major General (Ret'd) Dr Marcus Thompson examine the growing debate over Australia's economic direction, drawing on Chris Uhlmann's recent article in The Australian on the "Argentinisation" of Australia. They unpack the risks posed by weak productivity, rising regulation, higher costs, and falling investment – and ask what sustained economic underperformance could mean for housing, business confidence, and the nation's broader strategic strength. Because if Australia enters an increasingly contested world from a position of economic weakness, its ability to fund defence, build sovereign capability, and protect its national interests becomes a much bigger question.

AI is pushing financial institutions to modernise, but the answer is not to replace everything. Banks should focus on the technology, data, and processes that directly support business outcomes. AI is putting modernisation back on the executive agenda as legacy systems increasingly limit banks' ability to adopt AI, access data in real time, and respond to regulatory and resilience demands. Atos executives Dee Lawler and Matthew Hughes argue modernisation is now a business issue, not simply a technology refresh.

"The objective to modernise isn't to modernise the technology or the most technology," Hughes says. "It's to modernise the technology that matters most."

But banks should resist the temptation to make AI the answer to everything. Leaders should first identify the business outcome they want, then determine what is holding them back – whether that is technology, data, processes, skills, or risk. Incremental modernisation can reduce operational risk while allowing organisations to measure returns, with resilience and business continuity built into the design.

The takeaway for financial services leaders is simple: modernise where technology is constraining growth, efficiency, customer experience, or resilience – not simply because AI has created a sense of urgency.

Enjoy, The Cyber Uncut team

Daniel Croft and David Hollingworth break down the essential AI and security news of the week, from sovereign capability to cyber crime, and fighting property scams. Hollingworth and Croft open the podcast with a breakdown of why Australian banks are standing up a new partnership program to promote the growth and adoption of local AI innovators – and explain why it's an important step in Australia's AI journey.

At the same time, NSW has said it is taking steps to combat the rise of AI in classrooms by tackling the technology and its impact on the HSC. It's a good move.

It's sadly been another bad week for Australian data finding its way onto the dark web via ransomware actors, with patient data once again compromised. But despite the hackers' claims that they hit NSW Health, the department has denied any such intrusion; the threat actor is definitely boasting, but the data is nonetheless real – Cyber Daily just doesn't know where it came from.

And, finally, we sit down with PEXA's chief information security officer, Graham Fairley, to talk property scams: how they work, what a recent survey reveals, and how property buyers can protect themselves.

Enjoy, The Cyber Uncut team