Show Notes
From AI-driven bank job cuts and online radicalisation to critical PHP vulnerabilities and ransomware gangs using AI to analyse stolen data, David Hollingworth and Daniel Croft unpack a week where artificial intelligence is reshaping both business and cyber crime. AI is transforming banking, but the benefits come with a human cost. On this week's Cyber Uncut, David Hollingworth and Daniel Croft examine Commonwealth Bank's rise to become Asia-Pacific's leading AI bank, alongside mounting job cuts across the sector. With banks struggling to guarantee job security and AI operating costs climbing, could some businesses soon find it cheaper to hire people than run the technology? The cyber threat landscape is getting uglier, too. Two critical remote code execution vulnerabilities in PHP have put potentially millions of websites at risk, with outdated systems particularly exposed and AI accelerating the development of working exploits. The pair also examine how ransomware gangs are using AI to analyse stolen files and build more targeted extortion campaigns, while warning that online networks and AI-generated propaganda are contributing to radicalisation and real-world harm. There are signs of progress amid the gloom. Westpac New Zealand is seeing growing adoption of open banking, giving customers more control over secure data sharing and payments. The hosts also explore the growing backlash against data centre developments, why community consultation matters, and Gartner's predictions for 2027 – including the decidedly cyberpunk prospect of "wetware-as-a-service", using biological systems for computing. Tune in for the stories shaping the intersection of AI, business, and cyber security. Enjoy, The Cyber Uncut team
More from Cyber Uncut
From banks battling big tech for AI talent to ransomware attacks exposing sensitive medical records, David Hollingworth and Daniel Croft unpack another eventful week in cyber security – including why your supermarket fridge might be a bigger security risk than you think. AI is reshaping everything from banking to elections, but are organisations keeping pace with the risks? Hollingworth and Croft explore the race for AI talent, the collapse of Firmus' proposed $44 billion ASX listing, and growing concerns about AI-generated deepfakes in electoral advertising. With AI adoption racing ahead of governance, the pair examine the challenge of balancing innovation, economic opportunity and accountability. Then it's on to the week's cyber crime headlines, from French supermarkets hit by compromised refrigeration systems to ransomware groups claiming vast troves of sensitive healthcare data. The incidents affecting a pair of Aussie healthcare providers highlight the risks of third-party providers and compromised back-ups. Hollingworth and Croft also discuss why connected operational technology needs stronger security controls and why organisations must treat their suppliers as part of their own cyber perimeter. There's good news, too. Australia's new ASD Essentials framework marks an evolution of the Essential Eight, reflecting a threat landscape increasingly shaped by AI. And in a standout example of AI used for good, Indigenous rangers in Arnhem Land are using MegaDetector to streamline wildlife monitoring, cutting the images requiring analysis by 81.4 per cent. Tune in to Cyber Uncut for the latest developments, sharp analysis and a reminder that technology's biggest risks and most promising applications can emerge from the same place. Enjoy, The Cyber Uncut team
Cyber Uncut returns to discuss AI giant conspiracies, data centre impacts, and the dead internet theory.
Information has always shaped power and influence – but in the age of artificial intelligence, the speed, scale and sophistication with which narratives can be created and deployed has changed dramatically. In this episode of the Contested Ground podcast, Phil Tarrant and Major General (Ret'd) Dr Marcus Thompson explore how the tradecraft of information warfare is increasingly intersecting with the commercial world, and why influence, narrative and information advantages are becoming critical strategic capabilities for modern businesses. They unpack the parallels – and important differences – between military information operations and commercial competition, from shaping perceptions and gaining decision superiority to defending against misinformation and responding to crises at speed. With AI now enabling highly targeted content to be created in hours rather than weeks, Tarrant and Thompson examine what this means for business leaders, why communications can no longer be left solely to marketing teams, and why organisations need the people, systems and strategy to compete in an information environment moving faster than ever before.
Cyber Uncut returns with an AI hacking incident at Medicare, ransomware drama, banking breaches, and the surprisingly serious security lessons from getting AI "drunk". Would you let an AI agent apply for a loan on your behalf? New research suggests 59 per cent of Australians would – but Cyber Daily's David Hollingworth and Banking Daily's Daniel Croft aren't convinced. The pair break down the growing willingness to hand AI sensitive financial data and decision-making authority, and why giving an agent autonomy creates a very different risk profile from simply asking ChatGPT to find you the best deal. The conversation then turns to the OpenAI agent that accessed the Australian government's Medicare statistics service, the fallout from the incident, and what happens when AI systems pursue goals with loose guardrails. From ShinyHunters' extraordinary clash with the FBI to Revolut's accidental disclosure of customer data, Hollingworth and Croft examine how AI-enabled threats and old-fashioned social engineering are converging – while ransomware groups continue to target organisations holding highly sensitive data. And then things get weird. Researchers at UNSW have demonstrated how prompting or fine-tuning AI to behave as though it were intoxicated can weaken its safeguards and make it more willing to overshare. Beneath the laughs is a serious warning: protections that work under normal conditions may not hold when an AI is pursuing a goal, adapting its behaviour, or encountering obstacles. Tune in for the latest Cyber Uncut conversation between David Hollingworth and Daniel Croft. Enjoy, The Cyber Uncut team
Artificial intelligence promises to transform productivity, business and government – but what happens when the technology starts making decisions its human operators never intended?