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Financial Newswire: The Australian Prudential Regulation Authority (APRA) has made clear to the superannuation sector that it needs to develop the ability to deliver a coordinated industry response in the face of a cyber incident affecting multiple stakeholders.
Cyber Daily: The hackers claim to have stolen 85 gigabytes of data, according to the group’s 7 August leak post, though they have said little else about the incident. The group has not shared any details of its ransom demand, nor the deadline for payment.
Yahoo Finance: A growing number of enterprises in Australia are taking a centralized, cloud-based approach to cybersecurity amid rising threats, many of which involve AI, according to a new research report published today by Information Services Group (ISG), a global AI-centered technology research and advisory firm.
Financial Newswire: The Australian Securities and Investments Commission (ASIC) has initiated legal action over Fortnum Private Wealth alleging it failed to properly manage and mitigate cyber security risks.
The Guardian: Hackers have targeted Australian superannuation funds, with a small number of customers losing a combined half a million dollars, and compromising some members’ data, the industry’s peak body says.
Financial Newswire: The Association of Superannuation Funds of Australia (ASFA) has responded to the ASIC proposals by arguing that the relief period of 30 days is not enough and should be extended to 60 days.
MSN: The Australian securities watchdog said it is taking fixed-income broker FIIG to court, alleging it failed to implement adequate cybersecurity measures over a four-year period, enabling a hacker to infiltrate its IT network.
Tech Monitor: A report published by Australia-based Monash University has exposed the growing prevalence of ‘cyberwashing,’ a practice where organisations exaggerate their cybersecurity capabilities to create a misleading perception of robust data protection.
CSO Online: The Cyber Security Legislative Reforms proposed by the Australian federal government passed both houses on 25 November, during the last week of Parliamentary sittings.
CSO Online: The Australian Federal Government has introduced the Cyber Security Bill 2024 to Parliament proposing the country’s first standalone cybersecurity Act.
