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Money Management: Appearing at FINSIA's ‘The Regulators’ event, ASIC commissioner, Cathie Armour, said the case of RI Advice has brought cybersecurity into the public eye as it was the first of its kind in Australia.
Money Management: The Federal Court has found Australian Financial Services licensee, RI Advice, breached its license obligations to act efficiently and fairly when it failed to have adequate risk management systems to manage its cybersecurity risks.
ZDNet: Losses from Australians to investment scams increased by 90% to AU$103 million from the start of the year to March 20, with the Australian Competition and Consumer Commission saying payments made to scammers are most often made in cryptocurrency.
ZDNet: The chief security officers of Australia's big four banks have likened combating cybersecurity attacks to playing a team sport.
IT Pro: Hackers could face up to 25 years in jail if found guilty of cyber offences against Australia’s critical infrastructure, under proposed changes introduced by the government.
IT News: Australia and the United Kingdom have signed a pact to crack down on state-based actors, ransomware groups and other "malign actors" that use cyber attacks to "undermine freedom and democracy".
Help New Security: Bugcrowd released a report which provides CIOs and CISOs valuable insight on ethical hackers and the economics of security research. New findings indicate a startling shift in the threat landscape with 8 out of 10 ethical hackers recently having identified a vulnerability they had never seen before.
Coin Telegraph: Australia’s top cyber spies are set to gain greater powers in the event of ransomware or other cyber attacks on critical infrastructure.
ABC News: Businesses hit by cyber attacks will be required to report the incidents to federal authorities, as new specific offences for criminals operating online are announced by the Federal Government.
The Guardian: A quarter of cyber incidents reported to Australian security officials over the past year have targeted critical infrastructure and essential services, including health care, food distribution and energy.
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