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.



Chipmaker Analog Devices Forecasts Strong Q4 Results as Demand Recovers

Analog Devices' logo is pictured on a smartphone in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights
Analog Devices' logo is pictured on a smartphone in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights
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Chipmaker Analog Devices Forecasts Strong Q4 Results as Demand Recovers

Analog Devices' logo is pictured on a smartphone in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights
Analog Devices' logo is pictured on a smartphone in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights

Analog Devices forecast fourth-quarter revenue and profit above Wall Street expectations on Wednesday, as it benefits from returning demand for its chips used in consumer electronics.

A decline in surplus chip inventory across sectors, including communication, consumer and industrial, has helped chipmakers see a recovery in orders after a years-long slump.

Analog Devices' consumer segment revenue rose 3% to $316.6 million in the third quarter, compared with analysts' average estimate of $289.3 million, according to LSEG data, Reuters reported.

Shares of Wilmington, Massachusetts-based Analog Devices rose 1.3% in premarket trading after the company's third-quarter profit of $1.58 per share also beat LSEG estimates of $1.51.

The company now expects fourth-quarter revenue of $2.40 billion, plus or minus $100 million, above LSEG estimates of $2.37 billion. It also sees adjusted earnings per share of $1.63, plus or minus 10 cents, compared with estimates of $1.62.

The upbeat forecast follows strong results from rival chipmaker Texas Instruments.

However, economic and geopolitical uncertainty continues to limit the pace of recovery, Analog Devices CFO Richard Puccio said.

Revenue for the company's industrial segment, the largest in terms of revenue, came in at $1.06 billion, slightly lower than analysts' expectations of $1.07 million.

Analog Devices provides semiconductors to businesses in a variety of industries, including aerospace, automotive, communications, digital healthcare, and industrial automation among others.