The Australian Prudential Regulation Authority (APRA) has imposed a A$250 million (US$167 million) capital adequacy requirement on health insurer, Medibank, following a hack that affected almost 10 million of its customers last year. The move is designed to ensure accountability after it discovered weaknesses in Medibank’s security environment.
Indian brands will lead the next wave of global customer experience innovation as consumers become aware of new technologies, and more deeply explore virtual and immersive environments, according to new research from Adobe. To help fuel this experience transformation, marketers and consumers alike are eager to embrace artificial intelligence (AI), especially generative AI.
Google, Meta and OpenAI executives have been called in for a parliamentary inquiry led by Australia’s Legalise Cannabis Party to explain their practice of removing posts and handling censorship. While the call was initiated following frustration the group has over removal of cannabis ads, plans are to discuss other AI issues that can impact the country.
After years of thinking they were in the business of selling things to people, retailers have realized they’re actually in the business of selling people to advertisers. Retail media networks are the most obvious result, but why stop at ads sold directly by the retailer? Walmart has hooked up with Disney Advertising to test letting advertisers on Disney+, Hulu, and other Disney outlets use Walmart audience information to improve targeting and measure results.