Online banking services at the Commonwealth Bank have come a-cropper, with the bank saying it is "working urgently to restore impacted services". Some branches were forced to close as a result of the outage.
Australia’s largest credit union, CUA, has claimed first-mover rights with the launch of a new chat app which allows users to select a personal banker to assist with their banking and insurance needs.
Online banking threats are of a higher concern than malware and cryptojacking, but despite the concerns Australians are still storing financial records or financial information such as tax file numbers and bank details on their digital devices, according to a new security research report.
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Would happily pay for 250mbit but sadly speed limited on the 850mtrs of copper to 50mbit max.