As our industry works to improve confidence in construction, partnering with the right professionals is more critical than ever for developers. iCIRT rated developers and builders now represent over half of the residential market by value, putting those whose entire build team is iCIRT rated in a unique position of being able to showcase their trustworthy credentials.
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With the right data, it's possible to see the early warning signs when a building firm like Probuild starts to struggle. A data-driven assessment conducted after Probuild's demise shows there were plenty of danger signals in the years leading up to its unfortunate demise.
Rising rates of insolvency in the construction industry are putting significant pressure on sole traders and small business owners in the sector, according to new data from Equifax, the global data, analytics and technology company.
Equifax has signed an agreement with the Australian Taxation Office (ATO) to receive commercial tax default data, with the intention of displaying this information in its commercial credit reports. The inclusion of commercial tax default data in Equifax reports will provide customers with actionable data during the credit application process that was previously not available, allowing them to evaluate risk more accurately.
Identity crime costs Australia an estimated $36 billion each year, with one in four Australians falling victim to identity or cybercrime in their lifetime according to the Australian Institute of Criminology (AIC). Equifax, the global data, analytics and technology company, today announced the launch of its Employee Protect product, designed to help Australian businesses keep their employees safe from identity theft and cybercrime.
Combating cybercrime may now be the single most crucial risk-management activity for every Australian company.
Wherever there is data, there are answers. But there are right answers, and there are wrong answers.
Good-quality data can be relied upon to give valuable insights for better decision making, but the same can't be said of low-quality data. Data that is incomplete, dated or not fit for purpose can result in inaccurate or misleading outcomes.
Strong personal loan growth constrained by decreased demand for BNPL, credit cards and auto loans. Consumer credit demand eased in Q4 2021, as factors including supply chain issues and a resurgence in COVID cases impacted consumer spending behaviour.
Business credit demand bounced back from Delta lockdowns in Q4 2021, with business loan applications driving a third straight quarter of growth. Despite the overall upward trend, however, the pace of growth has eased in recent months, and the spike in Omicron cases has cast a shadow on the prospect of continued commercial credit growth into Q1 2022.
Protecting sensitive employee data is a vital business concern, but some HR processes like employment income verification are crying out for a security upgrade.
Increasingly sophisticated cybercrime threats in Australia are encouraging organisations to evolve their security culture, reporting structures and level of preparedness, according to a new Red Paper released today by global data, analytics and technology company Equifax.
