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Systems administrators in charge of Australian parliamentarians' computers have been dozing at the wheel, don't read The Guardian, and have completely failed to notice PRISM or Edward Snowden, a Senate Estimates hearing has revealed.

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US public companies are more forthcoming with details regarding their cybersecurity risk profiles – and more transparency regarding cyber-risk and cyber-attacks is expected to drive greater adoption of cyber-insurance as a means of demonstrating better corporate risk management.

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