Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 41 - 50 of 357 results for "Cyber"

Industry grapples with looming cyber threats

CHLOE WALKER  |  THURSDAY, 27 JUL 2023
With the threat of cyber-attacks growing by the day, leadership teams in all areas of financial services are being urged to ramp up cybersecurity protections, with the regulators keeping a keen eye on their efforts. But while major institutions might ...

Advisers service 120 clients on average

KARREN VERGARA  |  TUESDAY, 25 JUL 2023
The decreasing pool of financial advisers saw the average number of advised clients rise by 6% to 120 from 113 one year ago, according to Investment Trends. As a result, advisers are increasingly seeking greater efficiencies in technology, the 2023 ...

Super sector falling behind in cyber security: Podcast

CASSANDRA BALDINI  |  MONDAY, 24 JUL 2023
... outsourced to IT service providers, the back-end administrators, even mail houses, there's probably been an assumption that cyber is the service provider's responsibility," he said. "Frankly, it doesn't stop at the third party, it extends to the ...

APRA finalises operational risk prudential standard

ANDREW MCKEAN  |  TUESDAY, 18 JUL 2023
... standard has been demonstrated by a number of recent operational risk control failures and disruptions, including material cyber breaches." In May, NGS Super suffered a cyber-attack. Last year, Spirit Super also experienced a data incident that resulted ...

Praemium hires governance, risk chief

JAMIE WILLIAMSON  |  WEDNESDAY, 12 JUL 2023
Praemium now has a fully stocked executive team, with the appointment of a chief governance and risk officer completing chief executive Anthony Wamsteker's refresh. Rachel Axton will join Praemium later this month as chief governance and risk officer. ...

Institutions must raise the bar on cybersecurity resilience: APRA

CASSANDRA BALDINI  |  THURSDAY, 6 JUL 2023
... weaknesses to APRA in a timely manner. The regulator said it must be notified of material incidents and control weaknesses in cyber security systems, but the assessment exposed such processes were inconsistent, unclear and, in some cases, not in place ...

Adviser levy tripled, labelled "deeply unfair"

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
... in the advice space that the regulator highlighted related to the design and distribution obligations, breach reporting, cyber and operational resilience, unlicensed advice, adviser registration, administration of the adviser exam, the Financial Services ...

Cyber breach claims CalPERS member data

JAMIE WILLIAMSON  |  THURSDAY, 22 JUN 2023
More than 750,000 retired members of one of the world's largest pension funds have had their personal information accessed in a cybersecurity breach. The California Public Employees' Retirement System (CalPERS) is alerting its retired members and their ...

Westpac plans aggressive platforms play

JAMIE WILLIAMSON  |  WEDNESDAY, 21 JUN 2023
Bringing an end to years of speculation and sales discussions, Westpac will retain its platforms business, saying it intends to "aggressively compete" in the space. Despite having carried out a lengthy and competitive sales process, Westpac is going ...

Cheques to wind down by 2030: Chalmers

CASSANDRA BALDINI  |  THURSDAY, 8 JUN 2023
... small business transaction costs," Chalmers explained. Further, he highlighted points around reducing scams, strengthening cyber-security, and updating the RBA's supervision frameworks as well as revamping digital payments. "While the RBA will be adjusting ...