WEEK STARTING JUNE 3
There are some cracking long reads to keep you occupied this long weekend! Dive in:
AUSTRALIAN FINTECH & STARTUPS
Westpac's PayID service was abused and revealed user information for ~100k customers. The PayID service is a unique number attributed to your bank account, and it automatically presents another user's 'short name' if the PayID is recognised. Westpac are specifically called out because there weren't controls in place from a monitoring point of view (a bot was essentially automating look ups to get customer info)
Finding: Afterpay and Zip are propping up sluggish retail sales
The Australian FinTech 'Finnies' award ceremony took place. Afterpay took out top spot, more winners in link
Fairwork Australia finds that Uber drivers are not employees, due to not being under any obligation to complete work. At least they have a lot of drive
Apple’s WWDC took place with some interesting updates. They unveiled iOS13 (dark mode is here) and, in true Apple fashion, revealed a new $6000 Mac Pro and a $999 stand (USD!). WWDC summary here
“Sign in with Apple” was also announced as a way to access third party apps. It's pretty cool and will benefit people who don’t want to authenticate via Facebook as an IDP
How a 16 year old made $200k by coding on Runescape
Long read: The ambitious plan to reinvent how websites get their names
Apple killed iTunes. Oh, the memories of manually uploading album art to iTunes songs...
Answers at the end of the email
(a) Debuting in 1946, what item of fashion was deemed "four triangles of nothing", with some critics even finding it sinful?
(b) What is the only country in the world beginning with the letter "O"?
(c) What was the first commercial product to use a transistor; the radio came two years later in 1954?
(d) What was the first home movie to be named to the Library of Congress' National Film Registry? Clue: it involved a US President