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.



Samsung Expects a 56% Drop in Q2 Operating Profit, Far Short of Estimates

The logo of Samsung Electronics is seen at its headquarters in Seoul, South Korea, on July 4, 2016. (Reuters)
The logo of Samsung Electronics is seen at its headquarters in Seoul, South Korea, on July 4, 2016. (Reuters)
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Samsung Expects a 56% Drop in Q2 Operating Profit, Far Short of Estimates

The logo of Samsung Electronics is seen at its headquarters in Seoul, South Korea, on July 4, 2016. (Reuters)
The logo of Samsung Electronics is seen at its headquarters in Seoul, South Korea, on July 4, 2016. (Reuters)

Samsung Electronics on Tuesday projected a 56% drop in second-quarter operating profit from a year earlier, missing analysts' estimates by far.

Its chip business struggled with weak sales of artificial intelligence chips, dogged by delays in the supply of its latest chips to Nvidia and continued losses in its contract chip manufacturing business, analysts said.

The world's largest memory chipmaker estimated an operating profit of 4.6 trillion won for the April-June period, versus a 6.2 trillion won LSEG SmartEstimate.

That would compare with 10.4 trillion won in the same period a year earlier and 6.7 trillion won in the preceding quarter.

Revenue would likely fall 0.1% to 74 trillion won from a year earlier, the filing showed.

Samsung is expected to release detailed results, including a breakdown of earnings for each of its businesses, in late July.