News

Optus CEO denies cyber hack amid massive disruption

Published

2 years ago

November 8, 2023

The CEO of Optus, Australia’s second-largest telecommunications company, has firmly ruled out the possibility of a cyber hack as the cause behind the recent wave of network disruptions.

As chaos continues to grip Optus users across the country, questions about the source of these disruptions have been mounting.

Optus CEO, Kelly Bayer Rosmarin, addressed the media assuring customers that their network was not compromised by a cyberattack.

READ MORE – Massive outage hits Optus services, millions affected

Instead, she attributed the issues to technical glitches and hardware failures within their infrastructure.

“The mobile network and the fixed network is down although there are some customers who are still able to get their Optus wifi and connect that way,” she told ABC Radio Sydney.

“We may have some additional updates in the next hour that would enable all customers to do that. I also want to make sure that customers know that triple zero is still working on the mobile network … But landlines aren’t working.

“Obviously we have a 24/7 operating centre so as soon as we realised there was an issue … the team started working on it (at around 4:05am in the morning)”

Despite this assertion, frustrated Optus customers have expressed doubts about the official explanation, citing the prolonged nature of the disruptions and the impact on their daily lives.

As the disruptions persist, the Australian Communications and Media Authority (ACMA) has initiated an investigation to determine the true cause of the network issues and whether Optus has taken adequate measures to prevent such incidents in the future. #featured #optus

Crypto

Crypto crash alert: Bitcoin and Ethereum plunge amid market turmoil

Crypto market downturn hits Bitcoin and Ethereum; insights on volatility, recovery, and long-term targets from Oz Sultan.

Published

24 hours ago

December 2, 2025

Harvey Vargas

Crypto market downturn hits Bitcoin and Ethereum; insights on volatility, recovery, and long-term targets from Oz Sultan.

The crypto market is facing a sharp downturn as Bitcoin and Ethereum see significant losses, sparking concerns among investors. Analysts warn of continued volatility but remain cautiously optimistic about a rebound by 2026–2027.

We sit down with Oz Sultan from Sultan Interactive Group to break down what’s driving this market shake-up. From $608 million in liquidations to the impact on overall market sentiment, we explore what this means for both short-term traders and long-term investors.

Get insights on Bitcoin’s long-term targets, potential recovery trends, and what historical data suggests for the future of cryptocurrency.

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News

Airbus hit by new A320 fuselage panel defect triggering share price drop

Airbus faces manufacturing issues with A320 fuselage panels, impacting shares but confirming safety for in-service aircraft.

Published

1 day ago

December 2, 2025

Harvey Vargas

Airbus faces manufacturing issues with A320 fuselage panels, impacting shares but confirming safety for in-service aircraft.

Airbus is confronting a fresh manufacturing issue after discovering a quality defect in several dozen fuselage panels used on A320-family jets. The revelation sparked investor concern, with shares falling by up to 10% as the news broke.

While the newly identified flaw has caused some delivery delays, Airbus confirms that aircraft already in service are safe and unaffected. The defect is limited to a specific batch of panels, and all new production now meets required standards.

The company has apologised for the disruption and says it is working closely with suppliers to prevent a repeat of the issue.

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#Airbus #A320neo #AviationIndustry #Manufacturing #AviationSafety #StockMarket #Aerospace #TickerNews

News

Bitcoin tanks as markets turn risk-off and tech stocks slide

Bitcoin drops over 7% to $84,555, its lowest in a week, amid waning investor confidence and bearish market pressures.

Published

1 day ago

December 2, 2025

Harvey Vargas

Bitcoin drops over 7% to $84,555, its lowest in a week, amid waning investor confidence and bearish market pressures.

Bitcoin has suffered a sharp decline, falling more than 7% and slipping to $84,555 — its lowest point in over a week. After a brutal November where BTC shed more than $18,000, its biggest dollar drop since mid-2021, investor confidence is wavering. Analysts say multiple pressures, including negative ratings for major stablecoins, are amplifying bearish sentiment across the market.

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#Bitcoin #CryptoNews #Markets #TechStocks #Investing #Blockchain #FinancialNews #TickerNews