Optus will pay around $2.4 million in compensation to some 175,000 customers of its mobile phone insurance after disclosing to ASIC that it breached regulations covering financial services. [ + ]

Australia is the second most targeted nation in the world by ransomware attacks using the Angler exploit kit, with Trend Micro urging businesses to remain vigilant against any threats. [ + ]

Now that the Coalition has been declared the winner of the 2016 election, the AIIA has urged the Turnbull government to expand its efforts to foster the digital transformation of the Australian economy. [ + ]

A new way of storing information on computer disks using electron beams and special ceramics has been developed by University of Sydney researchers. [ + ]

There are three key reasons why organisations with a contact centre should look to implement a cloud solution. [ + ]

Edge Computing — moving data closer to the end user — can result in a better end-user computing experience and reduced data costs. [ + ]

Gartner forecasts that the Australian IT market will grow 2.8% in 2016 to $83.3 billion, with software the fastest-growing category. [ + ]

Travel industry technology provider Amadeus has announced partnerships with MasterCard and Ixaris to bring virtual payment technology to B2B transactions between travel agents and suppliers. [ + ]

While 81% of senior business decision-makers in ANZ expect digital transformation to play a key role in their market, only 50% have a transformation strategy in place, a survey suggests. [ + ]

FKG Group has selected Schneider Electric to help the company design its new, energy-efficient Tier 3 Pulse Data Centre in Toowoomba. [ + ]

Project Zero finds "multiple critical vulnerabilities" in Symantec products, Telstra pledges $250m for network fixes, and the ACCC investigates whether ADSL should stay regulated. [ + ]

Bitdefender has discovered a new malware strain capable of giving attackers full, undetected control over Mac computers, including unrestricted access to all files on infected systems. [ + ]

Medibank will be unable to issue tax statements to a "majority of customers" due to an unspecified technical problem encountered during a technology upgrade. [ + ]

New smartphone app BRiN provides businesses with free business advice covering a range of topics, and the team is working on building the first AI-based business advisory service. [ + ]

Urbanrise has entered a 10-year partnership with Prudential Investment Company of Australia to develop new services for the strata management industry. [ + ]