Tag Archives: David Thodey

Optus seems more stupid

I wrote about this earlier, I had concerns, I had questions and I had to some degree accusations. Yet that is nothing compared to now. The BBC gives us (at https://www.bbc.com/news/world-australia-63056838) ‘Optus: How a massive data breach has exposed Australia’ this shows a few sides, I was unaware of earlier. They start with “about 40% of the population – had personal data stolen in what it calls a cyber-attack” that is a lot, but Optus has a large user population. It is “Those whose passport or licence numbers were taken – roughly 2.8 million people – are at a “quite significant” risk of identity theft and fraud, the government has since said” which is close to everyone, to become most telecom members, you need 200 points of identification, which tends to include a passport or a drivers license. So when we get to “In an emotional apology, Optus chief executive Kelly Bayer Rosmarin called it a “sophisticated attack”, saying the company has very strong cybersecurity”, is that so? So when the BBC treats us to “Sydney-based tech reporter Jeremy Kirk contacted the purported hacker and said the person gave him a detailed explanation of how they stole the data. The user contradicted Optus’s claims the breach was “sophisticated”, saying they pulled the data from a freely accessible software interface. “No authenticate needed… All open to internet for any one to use,” they said in a message, according to Kirk.” This seems like there is a serious flaw in the Optus system, and when we revisit the statement from Kelly Bayer Rosmarin “I’m disappointed that we couldn’t have prevented it,” she said on Friday

I tend to side with the less diplomatic version of me stating to Kelly Bayer Rosmarin “Do you know that the condom is also used to stop making you fat? It is not just for the prevention of STD’s” now I might be ejaculating a bit premature (aka was Jeremy Kirk told a BS story or the truth) but if this is true, then Optus failed on a few levels. Protecting the data, protecting the servers and protecting their customer base. You see, the software interface might have allowed for injection of a backdoor making the Optus system now close to completely unreliable. The fact that there is a freely accessible software interface in play implies that its IT security failed, the data was collected and that happened without any red flags on access and transfer of data and we see the fact that all the data is accessible, from way too many places and that is the telecom company that Australia trusts? It gets to be even worse when we look at the article (at https://www.afr.com/companies/telecommunications/optus-hack-could-happen-to-anyone-ex-telstra-boss-warns-20220928-p5blrg) where we are given ‘Optus hack ‘could happen to anyone’ ex-Telstra boss warns’, a wannabe from the stables of Telstra, an immature greedy Microsoft minded telecom. There we see “Former Telstra chief executive David Thodey says the cyberattack on Optus “could happen to anyone” and urged all big and small organisations to be “vigilant” about online security”, Well David, if the information from Jeremy Kirk holds true, you better hope that you have a better cyber and IT security division, more importantly if this level of stupidity can happen to EVERONE, your systems ALL SUCK! And in my personal opinion you all need an overhaul and a 80% wage reduction. This level of stupidity when it comes to personal data is too stupid for any of you to be taken seriously as so called ‘captains of industry’ as such, please apply for an Uber or barber position. 

Now this seems overly emotional, but these are the kind of people who judged me a not being professional and THEY set data next to an open interface? This is the 101 of stupidity. OK, if JK was told a bag of lies I would owe a few people an apology, but that is for tomorrow, for now it seems that a lot of people are not aware of the level of stupid their telecom company hung their personal data on and that is more than a simple investigation, there are plenty who will pay handsomely for that much personal data. The US, Russia, India and China. 4 players willing to pay twice what the hacker wanted and they will not ask questions. A whole collection of personal data that can aid in creating deeper learning personalised rainbow tables, a whole battery of data from all kinds of social media that can now be used for granularity and a whole range of other data sets that can now be completed. And it all hangs on a (currently unconfirmed) version of a freely accessible software interface. “No authenticate needed”. How angry would you be hen these so called professionals charged you again and again and as they changed membership status so that they had more legal options. And they are not held to account? Yes, I would be angry and I am (for now still) with Optus, I get to be angry, my data is out there. So how would you feel?

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What is sent to the US?

What many feared, some justly, some weirdly out of sorts is now happening. Let us be fair, whatever is in the yellow pages, many will know and have and as such there is no ‘US monitoring’ going on. So what is going on? The fact that the story as leaked went from a possible sale of 3 billion, to slightly less and to now 450 million is quite a leap (at http://www.smh.com.au/business/telstra-faces-scrutiny-over-sale-of-sensis-20140112-30ooj.html ). The latest message in the Sydney Morning Herald shows an interesting graph. Even though incomplete (as in costs that are connected), the fact that that something is now getting sold at roughly 30% of the annual earnings is also unsettling. In my personal view, someone is getting pretty rich on this deal!

So, is this about the US? No, good business is good business. If they find the sucker punch solution where they buy something at 30% of revenue and they can hold onto it for 18 months, then the investor would have made a killing. It would be very good business. The question becomes whether we should question the sanity of Telstra. That question remains a question as the costs for Sensis remains unknown, but the fact that someone in the US is willing to dash out half a billion means that the numbers were done and to some it all adds up.

When we see the quote “David Thodey, has shown he wants to offload legacy businesses that face further declines in revenue, and reposition the Telco for the digital world.” we need to wonder what possesses a CEO to ‘reposition‘ the company at minus 1.35 billion dollars revenue a year. Yes, there might be issues at what the value of Sensis is worth in 2 years and that would be a valid question. The issue is that offloading business solutions that have proven themselves for a long time (the Yellow pages) means that the business atmosphere is changing.

So, do we see this as a Telstra stupidity? Not sure, it could be visionary, yet that is only known when the path comes to fruition. The issue that business spectator mentioned that Sensis could be sold for 3 billion before the weekend (at http://www.businessspectator.com.au/news/2014/1/11/telecommunications/telstra-may-sell-sensis-3bn) and one day later it goes for slightly less according to Reuters. The fact that the weekend diminished the sales price by well over 80% gives thought that someone’s breads is getting buttered (a lot). The last part give thought when we see the Reuters article quote “Goldman Sachs is advising Telstra and Gresham is advising the U.S. firm, the newspaper said.

The fact that some of the Gresham people were formerly big wigs at Goldman Sachs makes me wonder even further. Is this just a business venture or is this the start of a few solid golden handshakes (and I mean solid 24K golden handshakes).

The last part of info worries me and I know that I have no right to be worried. It is also true that Goldman Sachs is not into the act of breaking the law (perhaps bending it to the legal maximum yes, which is not a crime).

If this is a valid business deal, then I have no right to be worried (it is not like I work there). The evidence is however a worrying one. Why cut a 1.4 billion revenue business in these harsh economic times? David Thodey might be the visionary Telstra needed or he might not, time will tell!

 

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