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ZDNet: Awareness and management of cybersecurity risk is improving in Australia's financial market, said the Australian Securities and Investments Commission (ASIC), but there is still room for improvement across the entire sector.
ZDNet: The Australian government should reinstate the position of Minister for Cybersecurity, according to multiple public submissions to the review of the nation's Cyber Security Strategy 2020.
Channel News: Australian banks have received a warning from the nation‘s peak financial regulator to improve their poor “cyber hygiene”, following revelations that there have been some 36 significant data breaches in just four months.
InvestorDaily: The white paper, Keeping Our Money Safe: Data and Security of Payments in 2020 and Beyond, from InPayTech has forecast pay-tech vendors catering to the super sector will need to be aware of evolving customer experiences and expectations around data security.
Financial Review: The cybersecurity company will open offices in Sydney and Melbourne with a starting presence of five full-time employees, led by former Symantec and Linksys executive Stephanie Boo, the firm's Asia-Pacific managing director.
CSO: With volumes of cybersecurity insurance claims surging, businesses need to be more careful than ever about what their policies do and don’t cover, according to an academic who warned that insurers are becoming more mercenary in their interpretations of cyber events.
The Sydney Morning Herald: Australians who have had their super accounts drained by crime gangs will be fully compensated as some of the country's biggest funds ramp up cyber-security in the wake of an alleged $10 million international identity theft scam.
Financial Review: New Payments Platform Australia, the real-time system owned by the big four banks and 11 other financial institutions, is under pressure to explain how almost 100,000 customers' personal details were accessed as part of its second data breach in three months.
Reuters: National Australia Bank Ltd (NAB.AX) said 13,000 customers are being contacted after a data breach where personal data was uploaded without permission to two data service companies.
Financial Review: The venture capital arm of National Australia Bank has led a $US10 million ($14 million) investment in Silicon Valley-based cyber security start-up Digital Shadows, a business which helps brands identify their exposure to cyber threats and better manage their digital assets.
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