A daily download of SME, startup, fintech and tax news from around Australia.
The Australian census has not been compromised and will not need to be re-run, the Turnbull government says, despite a crippling series of cyber attacks leading the country’s chief statistician to shut down the census website on Tuesday night.
As a partisan wrangle erupted over the fiasco, Prime Minister Malcolm TurnbullThe Hon. Malcolm Turnbull MP, Federal Member for Wentworth Prime Minister from 15.9.15 promised a “thorough” post-census review would uncover what went wrong. But he defended the Australian Bureau of Statistics’ decision to err on the side of caution in order to protect people’s data.
A malicious flash mob supposedly knocked out the census, rather than an attempted break-in, but either way the Australian Bureau of Statistics needs to restore Australia’s confidence in the system.
Despite insisting it had planned for every contingency, the ABS’s website crumbled under the load as millions of Australians attempted to log in to complete the national census last night. The #CensusFail memes came thick and fast, but in the light of day the bureau insists the website was the victim of foul play .
THE failure of the National Census comes as no great surprise to many experts.
It survived online mere minutes before flailing and bursting into flames.
If you look towards the past, we’ve seen variations of all of these problems before. For example the Click Frenzy promotion, aiming to recreate the success of Cyber Monday in the United States, crashed within minutes of launching .
The Queensland Government will announce its plan to legalise ride sharing services such as Uber across the state.
Fairfax Media understands that, while ride share will be legal, drivers will face more regulations to match the established taxi industry, which will include background checks.
Fintech companies have increasingly started targeting SMEs looking for ways to finance their businesses, but fintechs shouldn’t expect a revolution without a few setbacks.
At least, that’s the view of some of the industry’s own experts and participants. With the market having had a few years to run its course, digital lenders, payment platforms and other financial technology firms have been given a warning: change, or face extinction.