Industry News: ESG5

The Target: Firstmac is a significant player in Australia's financial services industry, focusing primarily on mortgage lending, investment management, and securitization services.

The Take: From the investigation that followed, assisted by external cybersecurity experts, Firstmac determined that the following information was compromised: First name, Residential address, Email address, Phone number, Date of birth, External bank account information, Driver’s license number.

The Vector: Firstmac experienced a cyber incident where an unauthorised third party accessed a part of their IT system.

This breach is a stark reminder of how strong authentication controls are in an overall robust cybersecurity posture, and that good password hygiene plays a pivotal role in protection.

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