Last modified on December 22nd, 2021 at 3:40 pm

Self-proclaimed Bitcoin creator wins crypto case

Australian computer scientist, Craig Wright, has gotten one step closer to confirming his identity as the founder of Bitcoin. The creator of Bitcoin, Satoshi Nakamoto, has remained anonymous since Bitcoin’s first appearance in 2009. Many have come forward to claim the title of creator and one such individual is Australian computer scientist, Craig Wright. Wright …

Meta seeks acquisition of new CRM company

The Australian Competition and Consumer Commission (ACCC) recently decided to not oppose Meta’s proposed acquisition of Kustomer. Meta, previously known as Facebook, has shifted its brand to establish a new age digital world. Meta primarily generates revenue from advertising and related services on its digital platforms of Facebook and Instagram. Comparatively, Kustomer is a small …

Australian Government proposes anti-trolling laws

To support users of online content platforms, the Australian Government has proposed a new Social Media Anti-Trolling Bill. This Bill was brought about following the High Court’s ruling that online media companies are to be liable for defamatory comments made on their social media posts. With this in mind, this new Bill may seem to …

ASIC watchdog infiltrates Pump and Dump Organization

The Australian Securities and Investments Commission (ASIC) has taken the fight against market manipulation to the front lines by infiltrating an unlawful pump and dump investing group. In the age of millennial investing, many individuals have banded together to create secret groups to artificially inflate the prices of different stocks and cryptocurrencies. This has made …

Last modified on December 8th, 2021 at 2:40 pm

7-Eleven found to have breached Australian privacy laws

International convenience store chain, 7-Eleven, has come under fire from the Privacy Commissioner for unlawfully collecting biometric data from Australian patrons. Much like most businesses that operate these days, 7-Eleven utilises CCTV security to monitor its 700 locations in Australia, however, in June last year the company also introduced survey tablets. These tablets came with …

Last modified on December 7th, 2021 at 1:04 am

ACSC CONFIRMS CYBERTHREATS ON THE RISE

The Australian Cyber Security Centre (ACSC) has released its Annual Cyber Threat Report 2020-21. This report details the key cyber threats affecting Australian systems and provides recommendations, based on data and trend analysis, on how to protect Australian individuals and organisations from cyberattacks. Due to the COVID pandemic, many employees and businesses began to heavily …

Last modified on December 7th, 2021 at 1:03 am

ACCC RELEASES FINAL REPORT ON AD TECH SUPPLY CHAINS

The Australian Competition and Consumer Commission (ACCC) recently published its final report on the supply of ad tech services and ad agency services. In short, the ACCC identified that the current Australian competition law regime is not well equipped to appropriately manage the supply of ad tech services. Amongst its findings, the ACCC focused on …

Last modified on December 7th, 2021 at 1:02 am

HIGH COURT HOLDS AUSTRALIAN NEWS MEDIA COMPANIES LIABLE FOR COMMENTS ON FACEBOOK POSTS

In a landmark ruling, the High Court of Australia has held by majority that news media companies may be liable for comments left by users on their social media posts. This case began due to defamatory comments left by users on Facebook posts created by Fairfax Media and News Corp. Both Fairfax Media and News …

Last modified on December 7th, 2021 at 1:02 am

US FEDERAL COURT ISSUES UNEXPECTED INJUNCTION AGAINST APPLE IN EPIC GAMES CASE

After a long legal battle across various jurisdictions, Justice Yvonne Gonzalez Rogers of the District Court of California handed down an unexpected decision against Apple. In her judgment, Justice Rogers issued an injunction against Apple to prevent the company from forcing users to use Apple in-app purchasing. The Apple and Epic Games proceedings arose out …

Last modified on December 7th, 2021 at 1:00 am

US FEDERAL TRADE COMMISSION ACCUSES FACEBOOK OF A BUY-OR-BURY SCHEME TO MAINTAIN MARKET DOMINANCE

The United States Federal Trade Commission (FTC) has challenged Facebook’s monopolistic practices by accusing the company of engaging in an illegal buy-or-bury scheme.  For more than a decade, Facebook has dominated the social media and digital platform landscape. Throughout its history, Facebook has acquired over 91 different companies, dipping its fingers into fields such as …