Sydney, 18 October 2018: Kurz, a leading supplier of foil-based security solutions, is pleased to announce the Reserve Bank of Australia (RBA) has today begun distribution of Australia’s new $50 banknote, which features the Kurz KINEGRAM* in the clear window of the banknote.
This unique technology solution enhances banknote protection while greatly reducing the risk of counterfeit notes, utilising security features similar, yet uniquely different to those implemented in the $5 and $10 banknotes issued in 2016 and 2017.
More than 15,000 counterfeit $50 notes were detected in circulation by the RBA in 2018, making it Australia’s most counterfeited banknote. The KINEGRAM is featured in the new note’s distinctive top to bottom clear window, with dynamic features that are easy to see as the note is turned, and is one of several new security measures specified by the RBA to protect all of their new generation Australian Banknotes.
Stephen Pratt, Managing Director Australia & New Zealand at Leonhard Kurz Australia, said: “It is a great endorsement that the RBA continues to trust the KINEGRAM to secure the new $50 banknote against counterfeiting threats. They join other leading issuing bodies such as the European Central Bank, the Bank of England and the Bank of Canada who also place their trust in the KINEGRAM to protect their Banknotes from being counterfeited.
“The new $50 note is visually stunning and tremendously detailed, and has a number of security features incorporated into its production, all designed to make counterfeiting incredibly difficult. The security features in the KINEGRAM clear window are extremely difficult to replicate, yet designed to be easily recognisable at a glance, making it even easier for business owners, cashiers and bank staff to spot any attempted counterfeits.
“We’re proud of the continuing trust the RBA places in KURZ to keep Australia’s new generation banknotes secure, and we look forward to the rollout of the final two notes in the series, the $20 and $100, which are expected to be issued in 2019 and 2020 respectively,” Pratt said.
The proprietary KINEGRAM optical technology, developed by Kurz’s subsidiary OVD Kinegram, sets the benchmark for optical variable security features in billions of banknotes around the globe.
*KINEGRAM is a proprietary foil based Optical Variable Device (OVD) which is used to secure and protect government documents including drivers licences, passports and banknotes (including Australia’s) in more than 120 countries. The distinguishing characteristic of the KINEGRAM is movement – kine in Greek means to move – movement of light, colour or shine (reflectiveness) across a given design. The optically variable elements are fully transparent and can be lines or images, rainbow coloured or matt, changing to and from a variety of colours, or be seemingly three dimensional, and on a passport or licence can even be transparent replicas of the main portrait photograph. The possibilities for designers are virtually endless; the effects are spectacular and result from the application of optical science, married to advanced foil technology. To learn more about KINEGRAM visit https://www.kinegram.com/en/home/ and for more information on Kinegram optical technology, please visit www.kinegram.com/en/banknotes
About KURZ: The KURZ Group is a global leader in hot stamping and coating technology. KURZ develops and manufactures decorative and functional layers applied to carrier foils for a large variety of applications. The range includes metallized, pigmented and holographic stamping foils for packaging or print products, surface finishes for electronic devices or automotive parts, protective and decorative lacquers for furniture or household appliances, authenticity features for brand name items, metallic applications for textiles, and different types of coatings for many other applications. With over 5,000 employees in 14 production plants in Europe, Asia and the USA, 24 international subsidiaries and a global network of agencies and sales offices, the KURZ Group manufactures and sells a comprehensive range of products for surface finishing, decoration, marking and counterfeit protection, rounded off by an extensive range of stamping machines and stamping tools. KURZ also continuously invests in new technologies, and is developing innovative solutions for integrating functionality into surfaces.
For further information or to speak with Kurz please contact:
Jeffrey Coote Senior PR Manager Filtered Media e: firstname.lastname@example.org
Email fraud is nothing new, but online criminals have become ever more-effective at spoofing their identities to trick employees into sending them money. The Australian Centre for Cyber Security (ACSC) recorded losses of over $20M to business email compromise (BEC) attacks last year alone, up 230 percent over the previous year – and the full amount is certain to be much larger.
Cybersecurity Insights - Attack
No matter how robust your security, or how diligent your employees, network credentials are a free pass for cybercriminals. This is mostly because employees are relied upon for their own password management. And with more than 4.8 billion sets of stolen credentials said to be available online, odds are that at least a few of your employees’ user IDs and passwords are just waiting to be used by unscrupulous outsiders. Are you ready to stop them?
Cybersecurity Insights - People
Cyber resilience will be particularly important as Australian organisations face increased pressure to quickly detect, respond to, and manage the repercussions of breaches in the wake of 2018’s Notifiable Data Breaches (NDB) scheme.