Entain boss Dean Shannon to depart ahead of AUSTRAC remediation
London-listed Entain faces hundreds of millions of dollars in fines for alleged breaches of Australian anti-money laundering laws between 2018 and last year.
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Sydney Morning Herald
an hour ago
- Sydney Morning Herald
‘Spying at unprecedented levels': ASIO boss sounds alarm on espionage threat
The nation's top spy boss has revealed espionage is costing Australia an estimated $12.5 billion a year as foreign operatives mount increasingly audacious attempts to pilfer highly sensitive defence and business secrets. ASIO director-general Mike Burgess said the organisation had disrupted 24 major espionage and foreign interference operations in the past three years – more than the previous eight years combined. Yet more than 35,000 Australians have exposed themselves to danger by 'recklessly' boasting on professional networking sites that they have access to sensitive information. Burgess revealed that spies recently gained access to official Australian documents on free trade negotiations by recruiting someone with a security clearance, while others convinced a state bureaucrat to obtain the names and addresses of dissidents being targeted by a foreign regime. Spies have also hacked into the computer network of a major Australian exporter to gain an advantage in negotiations, tried to place an agent in a media organisation by masquerading as a researcher and stolen tree branches from a horticultural facility to reverse-engineer Australian research. 'Nation states are spying at unprecedented levels, with unprecedented sophistication,' Burgess said while delivering the Hawke Oration in Adelaide on Thursday, a speech named in honour of the late Labor prime minister. Loading 'ASIO is seeing more Australians targeted – more aggressively – than ever before.' Burgess said that foreign spies were taking a 'very unhealthy' interest in the AUKUS defence pact, describing Australia's defence sector as 'a top intelligence collection priority for foreign governments seeking to blunt our operational edge, gain insights into our operational readiness and tactics, and better understand our allies' capabilities'. 'Targets include maritime and aviation-related military capabilities, but also innovations with both commercial and military applications,' he said.
The Age
an hour ago
- The Age
‘Spying at unprecedented levels': ASIO boss sounds alarm on espionage threat
The nation's top spy boss has revealed espionage is costing Australia an estimated $12.5 billion a year as foreign operatives mount increasingly audacious attempts to pilfer highly sensitive defence and business secrets. ASIO director-general Mike Burgess said the organisation had disrupted 24 major espionage and foreign interference operations in the past three years – more than the previous eight years combined. Yet more than 35,000 Australians have exposed themselves to danger by 'recklessly' boasting on professional networking sites that they have access to sensitive information. Burgess revealed that spies recently gained access to official Australian documents on free trade negotiations by recruiting someone with a security clearance, while others convinced a state bureaucrat to obtain the names and addresses of dissidents being targeted by a foreign regime. Spies have also hacked into the computer network of a major Australian exporter to gain an advantage in negotiations, tried to place an agent in a media organisation by masquerading as a researcher and stolen tree branches from a horticultural facility to reverse-engineer Australian research. 'Nation states are spying at unprecedented levels, with unprecedented sophistication,' Burgess said while delivering the Hawke Oration in Adelaide on Thursday, a speech named in honour of the late Labor prime minister. Loading 'ASIO is seeing more Australians targeted – more aggressively – than ever before.' Burgess said that foreign spies were taking a 'very unhealthy' interest in the AUKUS defence pact, describing Australia's defence sector as 'a top intelligence collection priority for foreign governments seeking to blunt our operational edge, gain insights into our operational readiness and tactics, and better understand our allies' capabilities'. 'Targets include maritime and aviation-related military capabilities, but also innovations with both commercial and military applications,' he said.
AU Financial Review
an hour ago
- AU Financial Review
Espionage costing Australia $13b a year: ASIO chief
Espionage is costing the Australian economy almost $13 billion a year in stolen intellectual property and countermeasures, according to the nation's spymaster, who warned that business is failing to take the risk of foreign infiltration seriously enough. Lifting the lid on some recent plots, Australian Security Intelligence Organisation chief Mike Burgess revealed in one case a foreign spy stole branches off a rare fruit tree while sneaking around a secret horticultural centre.
