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posted by takyon on Thursday December 03 2015, @12:15AM   Printer-friendly
from the chance-of-pain dept.

China is being blamed for a major cyber attack on the computers at the Australian Bureau of Meteorology, which has compromised sensitive systems across the Federal Government. The bureau provides critical information to a host of other Federal government agencies.

Multiple official sources have confirmed the recent attack and the ABC has been told it will cost millions of dollars to plug the security breach, as other agencies have also been affected. In the words of one source: "It could take years and cost hundreds of millions of dollars to fix."

Sounds like there's some severe systemic failures going on in Canberra.


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  • (Score: 2) by edIII on Thursday December 03 2015, @02:34AM

    by edIII (791) on Thursday December 03 2015, @02:34AM (#271127)

    I actually meant, that in general, shareholders are both clueless and greedy. Not judgmentally either, but in fact. They're most certainly clueless since the average person is unable to understand a corporations technology and platforms themselves to the extent they can make an informed decision. They're most certainly greedy.... because that's the whole point of being a shareholder.

    As such, shareholders are part and parcel of the problem along with executives that have thwarted security for years. That whole usability versus security debate was also a smokescreen for the cheaper bastards that just didn't want to pay for security period.

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  • (Score: 2) by c0lo on Thursday December 03 2015, @03:12AM

    by c0lo (156) Subscriber Badge on Thursday December 03 2015, @03:12AM (#271147) Journal

    They're most certainly greedy.... because that's the whole point of being a shareholder.

    Mmmm... yes.
    Too bad there's nothing like public benefit corporations - somehow like a not-4-profit. I reckon someone should invent them.

    Here's how this may work: I imagine that their shares won't necessary be traded on stock exchange, but otherwise the corporation may issue shares to those interested in that particular public benefit the corporation is created for.
    So, owning a share in such a corporation wouldn't bring monetary dividends but will entitle the... well... shareholder to proportional vote in the corp's general meeting.

    (grin) or, if you like it better, "Oh... wait!" [dummies.com]

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