Google to Help Build Cyber Protection for Australian Infrastructure

Smartphone with google app icon is seen in front of the displayed Australian flag in this illustration taken, January 22, 2021. REUTERS/Dado Ruvic/Illustration/ File Photo Purchase Licensing Rights
Smartphone with google app icon is seen in front of the displayed Australian flag in this illustration taken, January 22, 2021. REUTERS/Dado Ruvic/Illustration/ File Photo Purchase Licensing Rights
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Google to Help Build Cyber Protection for Australian Infrastructure

Smartphone with google app icon is seen in front of the displayed Australian flag in this illustration taken, January 22, 2021. REUTERS/Dado Ruvic/Illustration/ File Photo Purchase Licensing Rights
Smartphone with google app icon is seen in front of the displayed Australian flag in this illustration taken, January 22, 2021. REUTERS/Dado Ruvic/Illustration/ File Photo Purchase Licensing Rights

Google and Australia's national science agency said they will work together to develop software that automatically detects and fixes network vulnerabilities for operators of critical infrastructure, seeking to contend with a surge in cyberattacks.

The software for organizations such as hospitals, defence bodies and energy suppliers will be customised to be in line with Australia's regulatory environment.

"Software supply chain vulnerabilities are a global issue, and Australia has led the way in legislative measures to control and combat the risks," said Stefan Avgoustakis, head of security practice for Google Cloud in Australia and New Zealand, according to Reuters.

The Australian government has been imposing tougher requirements on critical infrastructure operators to report and prevent cyberattacks after a spate of breaches in the past two years left the personal information of half the country's 26 million population exposed.

The research partnership will pair up Google's existing open source vulnerability database and storage cloud with the Commonwealth Scientific and Industrial Research Organization's (CSIRO) research methods, the parties said in a statement.

Google said the plan was part of a five-year commitment it made in 2021 to spend A$1 billion ($675 million) in Australia at a time when the country's push for tougher regulation of global tech firms had cooled relations with the US firm.

Google also supplies cybersecurity services to the US as part of a $9 billion contract between the US Department of Defense and a number of large tech firms.

CSIRO's project lead Ejaz Ahmed said locally developed cybersecurity software would "be better aligned with local regulations, promoting greater compliance and trustworthiness."

The project's findings will be made public to provide operators of critical infrastructure easy access to the information.



Walt Disney Tasks Morgan Stanley's Gorman to Lead CEO Search

A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, US, December 14, 2017. REUTERS/Brendan McDermid/File Photo Purchase Licensing Rights
A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, US, December 14, 2017. REUTERS/Brendan McDermid/File Photo Purchase Licensing Rights
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Walt Disney Tasks Morgan Stanley's Gorman to Lead CEO Search

A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, US, December 14, 2017. REUTERS/Brendan McDermid/File Photo Purchase Licensing Rights
A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, US, December 14, 2017. REUTERS/Brendan McDermid/File Photo Purchase Licensing Rights

Walt Disney on Wednesday named board member and Morgan Stanley executive chairman James Gorman to chair its succession planning committee, which is looking for a replacement to longtime CEO Bob Iger.

Disney won a months-long proxy war earlier this year with activist investor Nelson Peltz who argued the company had underperformed in the streaming-television era and criticized its succession planning.

The board has extended Iger's retirement date five times, including pulling him back from an initial retirement in 2022 to replace his hand-picked successor Bob Chapek, Reuters reported.

Last year, Iger, who was the CEO from 2005 to 2020 before his 2022 reappointment, said he would extend his stay through 2026 and "definitely" step down when his contract ends.

Gorman joined as a Disney director this year and oversaw the recent succession process at Morgan Stanley. He was its CEO from 2010 to 2023 and will be ceding his role as executive chairman at Disney in December.

"Succession planning is a top priority of the Board," Disney Chairman Mark Parker said. The company said it was reviewing internal and external candidates for the CEO position.

The company also said Mary Barra, CEO of General Motors and Calvin McDonald, CEO of Lululemon Athletica will continue to serve on the succession planning committee, which has met six times so far in fiscal 2024.

In addition, the board has discussed the search for the next CEO at all of its regularly scheduled meetings this year, Disney said.