haser_au

You know they're owned by Amazon, right?

This move will drive more traffic to Amazon, unfortunately.

I feel for you and your friends. It truly was disruptive when BD launched, and made such an impact on the book scene. Sad day.

Honestly, that's a relief and the best outcome.

New laws make it mandatory to report this major type of breach in Australia to the Australian Cyber Security Centre within 24 hours. They had no choice, or risk having the full weight of the government come at them for trying to cover it up.

Optus CEO Kelly Bayer Rosmarin did an interview with ABC today, and said "some of the customer information is information you would find on Facebook or LinkedIn such as name, date of birth, phone number and email address".

Umm...no. Most people do NOT publicise that information to the public.

Agreed. Until a CEO goes to jail for something like this, it'll continue to become a "pay the fine and move on" situation.

Yup. It's massive.

The recent update to Cyber Security legislation in Australia specifically states that any major breach must be reported to the Australian Cyber Security Centre within 24 hours of becoming aware of it. "MAJOR" being subjective, but this easily qualifies.

There are significant penalties for not disclosing within this time period, which is why I think we are seeing this reported before Optus has a clearer plan of how to deal with it.

As a customer of Optus and cyber security trained professional, I'm very frustrated, to say the least.

Opportunities, choices and consequences. You got the opportunity to meet a partner and chose to start a family. Not everyone gets that opportunity in life, so either be happy with your choices or make different ones. But every choice comes with consequences.

The open letter states the author contacted Matthew Prince (CEO, Cloudflare) 18 months ago, and received a response;

"...assuring me that the team was taking accessibility into account. In particular, you wrote the following, referring to your company’s mission: “Agree with you that it’s critical we not take a step backward as we’re working toward building a better Internet.”

My prediction is that once the capability reaches contact lenses, it'll become mass adoption. The physicality of wearing a headset while walking or moving is difficult for lots of people, and tiring. Contact lenses weigh a lot less, and are less intrusive to others.

Of course, it doesn't come without pitfalls, but that's just my prediction.

A lot more visible (i.e. on the street) robots.

We see robots in manufacturing plants (e.g. cars), but not too many visible when you walk down the street. Of course, they're there, but hidden inside various normal looking objects. Automatic street lights, driverless trains, boom gates for public transport.

Seller can see the potential if others (with different/more experience) are brought on board to implement new ideas and generate more revenue.

Option A: Retain 100%, and profit $500K over 2 years

Option B: Retain 20%, take $100K of profits, but create an opportunity for uplifting the revenue potential.

Seller took Option B, and now owns 20% of a business generating $1M+ each year (so his share is now $200k revenue), with more time on his hands.