Nike Inc has initiated the first non-fungible token (NFT) trademark infringement lawsuit against StockX. NFTs refer to one-of-a-kind digital assets that exist on the blockchain. Unlike other cryptocurrencies such as Bitcoin, each NFT is distinct and cannot be replicated. By existing on the blockchain, NFTs have a proven and recorded ledger of ownership. NFTs first …
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The Federal Court has issued a landmark decision regarding inadequate cybersecurity measures within a corporation. In this case, RI Advice was held to be in breach of the Corporations Act 2011 (Cth) for failing to implement appropriate cybersecurity measures. RI Advice is a financial planning company that has been subject to nine cyber attacks between …
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Mastercard is introducing its new ‘smile to pay’ system whereby consumers can pay with their biometric data. Biometric technology has increasingly become more popular, being used in services such as Apple’s FaceID, Apply Pay, and airport smart gates. To gain a foothold in the biometric market, Mastercard is pushing for its new system where users …
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When a Tesla vehicle injured a Melbourne pedestrian whilst in autopilot mode, the question arose as to who is responsible when autonomous vehicles crash? Self-driving cars are exponentially gaining adoption in Australia. However, the law has not yet caught up with the technology. Modern negligence case law has determined that a manufacturer is responsible for …
Last modified on December 3rd, 2022 at 3:28 am
The healthcare sector has increasingly become one of the largest targets of cybercrime and cyberattacks. The healthcare sector has become a prime target for cybercrime due to its handling and storage of sensitive and confidential information and outdated systems. During 2020, the Australian Cyber Security Centre (ACSC) received 166 health sector-related cybersecurity incident reports, raising …
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Last modified on February 6th, 2023 at 7:22 pm
The Australian Competition and Consumer Commission (ACCC) has shifted its attention to competition concerns in the digital payments market. ACCC Chair Gina Cass-Gottlieb highlighted this shift during her speech at the Australian Financial Review Banking Summit. With digital payment systems quickly integrating into traditional finance, the ACCC is concerned about anti-competitive conduct and desires to …
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Last modified on December 3rd, 2022 at 3:29 am
Popular streaming service Netflix has found itself in hot water after allegedly making false and misleading statements regarding its recent subscriber growth. Netflix investors have issued a class-action lawsuit against the company due to alleged misrepresentations as to declining subscriber growth since October 2021. Despite a surge in popularity during the peak of COVID, Netflix …
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Last modified on December 3rd, 2022 at 3:29 am
The Australian Competition and Consumer Commission’s (ACCC) fourth report in its Digital Platform Services Inquiry raises concerns over general online retail marketplaces. The ACCC’s fourth report focused on whether online marketplaces are promoting fair and competitive markets for consumers and sellers. Online marketplaces refer to platforms that enable sellers to easily sell goods online. In …
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Last modified on December 3rd, 2022 at 3:29 am
A Facebook whistleblower has come forward to claim that the blocking of Australian news pages in early 2021 was a negotiating tactic used to influence the News Media Bargaining Code. The News Media Bargaining Code was designed to strengthen Australian local news publishers by requiring social media companies to pay publishers for news content posted …
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Last modified on December 3rd, 2022 at 3:30 am
The ride-sharing app Uber has admitted to the Australian Competition and Consumer Commission (ACCC) for having engaged in misleading or deceptive conduct and making misleading or deceptive representations. The ACCC instituted proceedings against Uber, alleging that a lack of oversight over Uber’s algorithm resulted in misleading results for Australian users. This is known as dark …
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