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Industry News: ESG5

      Aussie Software Firm Iress Flags Data Breach At Third-Party Platform

      2024-05-12

      Yahoo News: Australia's Iress Ltd over the weekend detected and contained an unauthorized access of the firm's space on a third-party platform which is used to manage its pre-production software code, the financial software firm said.

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      Super Funds Urge Against Escalating Minor Cyber Incidents To APRA

      2024-03-07

      Financial Newswire: While at least one industry superannuation fund continues to deal with APRA over a cyber-security incident a year ago, the Association of Superannuation Funds of Australia (ASFA) has made clear to the Government that its member funds do not want minor security incidents being automatically escalated to APRA.

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      Super Funds Advised To Come Clean On Cyber Breaches

      2023-12-13

      Financial Newswire: Less than a week after the Australian Prudential Regulation Authority (APRA) imposed additional license conditions on NGS Super over a cyber breach, a new white paper is arguing that managing communications to members is key to minimizing reputational damage.

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      Australia Unveils Cybersecurity Ramp Up After Port Cyberattack

      2023-11-21

      Yahoo Finance: Australia will undertake an economy-wide revamp of its cybersecurity protections including revised data laws, mandatory reporting and a new nationwide cyber council in response to several significant hacks targeting businesses and infrastructure over the past year.

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      More Than Half of ASIC Regulated Organizations Can’t Protect Confidential Information

      2023-11-12

      CSO: A cybersecurity self-assessment of 697 Australian organizations revealed 58% have limited or no capability to protect confidential information adequately.

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      Microsoft to Help Australia’s Cyber Spies Amid $5 Billion Investment in Cloud Computing

      2023-10-23

      The Guardian: Microsoft says it will invest an additional $5 billion in Australia over the next two years to expand hyperscale cloud computing capacity while collaborating with the Australian Signals Directorate (ASD) to boost domestic protection from cyber threats.

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      Australian Government Mandates Agencies Appoint CISOs

      2023-09-03

      CSO: The Australian federal government has approved amendments to the Protective Security Policy Framework (PSPF) to mandate non-corporate Commonwealth entities to appoint a CISO to be responsible for cyber security leadership in the entity.

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      Australia's Perpetual Says 'Tech Outage' Affected Some Funds in Cyber Incident

      2023-06-21

      US News: Australian Perpetual confirmed an extended tech outage over an IT security incident, affecting some of its funds, though the fund manager reaffirmed that all its client investments and its own systems were unaffected and secure.

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      Australia's TechnologyOne Halts Trading After Being Hit By Cyber Attack

      2023-05-10

      XM: Australia's TechnologyOne Ltd TNE.AX said it had detected an unauthorised third-party access to its back-office systems, becoming the latest target in a series of cyber attacks that has bogged companies in the country since last year.

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      Push To Ban Ransomware Payments Following Australia’s Biggest Cyberattack

      2023-04-12

      Cointelegraph: The Australian government is being pushed to ban the payment of cyber ransoms, usually demanded in cryptocurrency, following a local business suffering a mass data breach and subsequent ransom demand.

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