1 00:00:03,880 --> 00:00:06,760 Speaker 1: It's Thursday, the ninth of October twenty twenty five. Welcome 2 00:00:06,840 --> 00:00:08,799 Speaker 1: to the Fast five by Fear and Greed, where we 3 00:00:08,840 --> 00:00:10,960 Speaker 1: give you the top five business stories you need to 4 00:00:11,000 --> 00:00:12,399 Speaker 1: know in just five minutes. 5 00:00:12,720 --> 00:00:14,960 Speaker 2: I'm Adam Lang and good morning, Sean Almer. 6 00:00:15,200 --> 00:00:16,160 Speaker 3: Good morning, Adam. 7 00:00:16,560 --> 00:00:17,520 Speaker 2: Story number one. 8 00:00:17,680 --> 00:00:20,360 Speaker 1: Quantus has been caught up in a massive cyber attack 9 00:00:20,400 --> 00:00:23,720 Speaker 1: that's hit thirty nine companies around the globe, and hackers 10 00:00:23,760 --> 00:00:27,400 Speaker 1: are threatening to lead sensitive passenger data unless ransoms are 11 00:00:27,440 --> 00:00:28,640 Speaker 1: paid by tomorrow night. 12 00:00:28,920 --> 00:00:32,280 Speaker 3: Hacker collective Scattered Lapse of Dollar Hunters claims to have 13 00:00:32,320 --> 00:00:35,320 Speaker 3: stolen almost one billion records by targeting customers of cloud 14 00:00:35,360 --> 00:00:39,400 Speaker 3: technology giant Salesforce. It's been a fishing or voice phishing 15 00:00:40,320 --> 00:00:44,720 Speaker 3: activity whereby hackers pose as legitimate employees, call company it desks, 16 00:00:44,880 --> 00:00:48,680 Speaker 3: convince unsuspecting staff to grant them maxis. Companies caught up 17 00:00:48,720 --> 00:00:53,160 Speaker 3: include Quantus, Toyota, Google, ad Sansisco, Disney Air, France, klm 18 00:00:53,360 --> 00:00:57,560 Speaker 3: Ikeia Now. The stolen data reportedly includes customer dates of birth, 19 00:00:57,600 --> 00:01:01,440 Speaker 3: passport numbers, and purchase histories collec between April last year 20 00:01:01,480 --> 00:01:04,160 Speaker 3: and about now. Quana said it's aware of a post 21 00:01:04,160 --> 00:01:07,240 Speaker 3: that contains samples of data stolen from itself and about 22 00:01:07,319 --> 00:01:09,720 Speaker 3: and those other companies. According to a reported nine media 23 00:01:10,000 --> 00:01:13,640 Speaker 3: dejv for Quantas, on June thirty, cyber criminals access nearly 24 00:01:13,640 --> 00:01:16,240 Speaker 3: six million customer accounts to a third party vendor at 25 00:01:16,240 --> 00:01:19,280 Speaker 3: a Quantus call center in Manila. The airline later confirmed 26 00:01:19,280 --> 00:01:22,480 Speaker 3: that customers had their information accessed, including name phone numbers, 27 00:01:22,520 --> 00:01:24,959 Speaker 3: business phone numbers, and addresses Sean. 28 00:01:25,040 --> 00:01:28,000 Speaker 1: This massive hack shows that once again the most at 29 00:01:28,080 --> 00:01:31,160 Speaker 1: risk part of a company's technology security is human interaction. 30 00:01:31,520 --> 00:01:35,800 Speaker 1: In this instance, rather than directly hacking Salesforces systems, which 31 00:01:35,840 --> 00:01:38,880 Speaker 1: remained secure, the hackers exploited the human element. 32 00:01:39,160 --> 00:01:40,440 Speaker 2: But tell us how they. 33 00:01:40,240 --> 00:01:43,840 Speaker 3: Did it well voice phishing. Using these voice fishing calls, 34 00:01:43,880 --> 00:01:46,560 Speaker 3: they convinced it helped their staff to install what appeared 35 00:01:46,560 --> 00:01:48,960 Speaker 3: to be legitimate software, which is a modified version of 36 00:01:48,960 --> 00:01:52,800 Speaker 3: Salesforce's Data Loaded tool. Once installed, the trojan horse gave 37 00:01:52,840 --> 00:01:57,000 Speaker 3: hackers unfitted access to customer databases. Now, the scattered laps 38 00:01:57,040 --> 00:02:00,680 Speaker 3: of dollar Hunter's collective is already responsible for attacks on 39 00:02:00,720 --> 00:02:03,880 Speaker 3: British retailers including Marks and Spencer and Jaguar land Rover. 40 00:02:04,440 --> 00:02:07,560 Speaker 3: Security researchers at Google's Threat Intelligence Group say that the 41 00:02:07,600 --> 00:02:11,359 Speaker 3: group has proven particularly effective at tricking employees. 42 00:02:11,919 --> 00:02:14,280 Speaker 2: Very worrying. Adam Story number two. 43 00:02:14,440 --> 00:02:18,040 Speaker 1: Gold has pushed through the US four thousand dollars anounced barrier, 44 00:02:18,120 --> 00:02:22,200 Speaker 1: driven by investors seeking safety from economic and geopolitical uncertainty, 45 00:02:22,480 --> 00:02:25,680 Speaker 1: alongside expectations of further interest rate cuts by the US 46 00:02:25,760 --> 00:02:26,480 Speaker 1: Federal Reserve. 47 00:02:26,919 --> 00:02:28,920 Speaker 3: We've did fireworks on this one. We've been waiting for 48 00:02:28,960 --> 00:02:31,480 Speaker 3: a while. Spot gold hit an all time high yesterday 49 00:02:31,560 --> 00:02:34,400 Speaker 3: in US dollars four thousand dollars and ninety six cents. 50 00:02:34,440 --> 00:02:38,079 Speaker 3: Gold futures for December delivery hit four twenty US dollars 51 00:02:38,120 --> 00:02:41,240 Speaker 3: per ounce. Spot Gold's up fifty two percent year to 52 00:02:41,360 --> 00:02:44,040 Speaker 3: date twenty seven percent last year. Bunch of factors in 53 00:02:44,040 --> 00:02:47,280 Speaker 3: this higher central bank purchases, renewed interest in gold backed 54 00:02:47,560 --> 00:02:51,919 Speaker 3: exchange traded funds, softer US dollars, resilient retail demand or 55 00:02:52,000 --> 00:02:55,160 Speaker 3: fueled the metal's bullish run. Bit of FOMO out there 56 00:02:55,200 --> 00:02:55,600 Speaker 3: as well. 57 00:02:55,720 --> 00:02:57,360 Speaker 2: Adam Story number three. 58 00:02:57,560 --> 00:03:00,600 Speaker 1: September proved a boom month for CASSA, with nearly one 59 00:03:00,639 --> 00:03:03,160 Speaker 1: hundred and two thousand units shifted, while it was up 60 00:03:03,200 --> 00:03:06,320 Speaker 1: more than five percent on last September. Overall sales in 61 00:03:06,360 --> 00:03:08,320 Speaker 1: twenty twenty five are lower. 62 00:03:08,320 --> 00:03:11,639 Speaker 3: In China's rise as a source of new cars continues. 63 00:03:12,560 --> 00:03:15,480 Speaker 3: In September, it became the second largest country of origin. 64 00:03:15,760 --> 00:03:18,240 Speaker 3: In addition, China accounts for about seventy seven seventy eight 65 00:03:18,280 --> 00:03:22,400 Speaker 3: percent of all battery electric vehicle sales in Australia. Battle 66 00:03:22,440 --> 00:03:26,480 Speaker 3: electric vehicle sales from all sources made up around eleven 67 00:03:26,480 --> 00:03:28,560 Speaker 3: percent of all new vehicle sales for the month, plug 68 00:03:28,560 --> 00:03:31,840 Speaker 3: in hybrids about four percent. According to the Federal Chamber 69 00:03:31,880 --> 00:03:36,080 Speaker 3: of Automotive Industries, there are now more than one hundred 70 00:03:36,440 --> 00:03:39,760 Speaker 3: one one hundred. I find this hard to believe. Battery 71 00:03:39,840 --> 00:03:43,320 Speaker 3: electric vehicles on sale in Australia fifty plug in hybrids 72 00:03:43,560 --> 00:03:49,640 Speaker 3: available in Australia. Toyota was again market leader, followed by Ford, Kia, Mazda, Hyundai. 73 00:03:49,440 --> 00:03:50,480 Speaker 2: Story number four. 74 00:03:50,560 --> 00:03:54,080 Speaker 1: As home prices accelerate across the country, so too are rents, 75 00:03:54,080 --> 00:03:57,839 Speaker 1: with the Totality Rental Value Index rising the most during 76 00:03:57,880 --> 00:04:00,440 Speaker 1: the September quarter since June last next year. 77 00:04:00,880 --> 00:04:03,240 Speaker 3: Over the past year, rents are up four point three percent, 78 00:04:03,360 --> 00:04:05,600 Speaker 3: having hit a four year low a few months back, 79 00:04:05,680 --> 00:04:08,280 Speaker 3: four point three percent, well above the inflation rate. Brisbane 80 00:04:08,320 --> 00:04:10,280 Speaker 3: and Sydney led the uptick, while Adelaide was the only 81 00:04:10,320 --> 00:04:13,480 Speaker 3: city to see growth ease. The persistent shortage in rental 82 00:04:13,480 --> 00:04:16,640 Speaker 3: supply is spurring the higher rents, highlighted by a record 83 00:04:16,680 --> 00:04:19,800 Speaker 3: low vacancy rate we have at the moment. In dollar terms, 84 00:04:19,839 --> 00:04:23,720 Speaker 3: the median weekly rental value across Australia's combined to capital 85 00:04:23,720 --> 00:04:27,880 Speaker 3: cities last month was seven hundred and two dollars per week. 86 00:04:27,960 --> 00:04:31,000 Speaker 3: It's a lot of money. By comparison, regional rents remained 87 00:04:31,120 --> 00:04:34,920 Speaker 3: somewhat more affordable, holding below the six hundred dollar mark, 88 00:04:35,000 --> 00:04:37,680 Speaker 3: with a typical regional dwelling renting for about five ninety 89 00:04:37,680 --> 00:04:39,880 Speaker 3: one per week. Still a lot of money. 90 00:04:39,960 --> 00:04:43,600 Speaker 2: Sean story number five. Tesla has unveiled stripped down versions 91 00:04:43,600 --> 00:04:46,679 Speaker 2: of its best selling SUVs and sedans as it pushes 92 00:04:46,720 --> 00:04:50,440 Speaker 2: to boost sales following the lapsing of US government incentives 93 00:04:50,560 --> 00:04:52,240 Speaker 2: for consumers to buy evs. 94 00:04:52,480 --> 00:04:55,160 Speaker 3: Tesla has launched a standard model wine Model three that 95 00:04:55,279 --> 00:04:58,000 Speaker 3: lack features like vegan lea the seats and power adjusted 96 00:04:58,040 --> 00:05:00,919 Speaker 3: steering wheels, hoping to draw in budget conscious buyers. The 97 00:05:00,960 --> 00:05:04,240 Speaker 3: standard Model three costs just under thirty seven thousand US, 98 00:05:04,360 --> 00:05:07,560 Speaker 3: standard Model Y just under forty thousand US. The lower 99 00:05:07,600 --> 00:05:10,039 Speaker 3: cost Model Y replaces a light bar across the front 100 00:05:10,040 --> 00:05:13,800 Speaker 3: for two conventional headlights, has different roof design. Both vehicles 101 00:05:13,800 --> 00:05:18,240 Speaker 3: come with cloth seats, no AMFM radio, no back row screen, 102 00:05:18,800 --> 00:05:22,480 Speaker 3: and fewer speakers than more expensive variants. Both vehicles also 103 00:05:22,560 --> 00:05:25,880 Speaker 3: offer slightly less battery performance than pricier versions. The Model 104 00:05:26,000 --> 00:05:27,839 Speaker 3: Y has become one of the world's best selling cars 105 00:05:27,839 --> 00:05:29,640 Speaker 3: in our rivals Toyota's Corolla. 106 00:05:29,960 --> 00:05:32,159 Speaker 1: That's it, the top five business stories you need to 107 00:05:32,160 --> 00:05:33,520 Speaker 1: know in just five minutes. 108 00:05:33,600 --> 00:05:34,960 Speaker 2: Thank you Sean, Thank you Adam. 109 00:05:35,160 --> 00:05:38,479 Speaker 1: It's Thursday, the ninth of October twenty twenty five. Remember 110 00:05:38,600 --> 00:05:40,880 Speaker 1: to hit follow on the podcast, and if five minutes 111 00:05:40,960 --> 00:05:43,960 Speaker 1: is not enough, then find our longer podcast called Fear 112 00:05:44,000 --> 00:05:47,320 Speaker 1: and Greed on your favorite podcast platform. I'm Adam Lang 113 00:05:47,400 --> 00:05:49,359 Speaker 1: and that was the Fast five by Fear and Greed. 114 00:05:49,520 --> 00:05:50,240 Speaker 2: Have a great date.