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Showing 181 - 190 of 515 results for "Attack"

Macquarie axes grandfathered commissions

JAMIE WILLIAMSON  |  WEDNESDAY, 4 JUL 2018
Macquarie will axe the payment of grandfathered commissions to financial advisers working within its wealth management division. Following BT Financial Group's lead, Macquarie has said it will discontinue the practice of advisers within its private ...

CBA settles with AUSTRAC for $700m

JAMIE WILLIAMSON  |  MONDAY, 4 JUN 2018
Commonwealth Bank will pay $700 million to resolve civil proceedings brought against it by AUSTRAC for contravening anti-money laundering and counter-terrorism laws - almost double what it anticipated. CBA has announced it reached an agreement with ...

Powered by Lloyds and KPMG, insurtech offers cybersecurity insurance

KANIKA SOOD  |  MONDAY, 28 MAY 2018
... small-medium enterprises. "Cyber insurance provides complementary protection - for example in the event of a ransomware attack - businesses can be covered for the costs to recover from the ransomware event, loss of profit and litigation assosciated with ...

Aussie CEOs understand ESG risks: KPMG

HARRISON WORLEY  |  MONDAY, 28 MAY 2018
... said. According to the report 68% of Australian chief executives believe customer data protection in the event of a cyber-attack was their personal responsibility, just as Facebook CEO Mark Zuckerberg faced EU lawmakers over the Cambridge Analytica data ...

ASIC and FPA submit recommendations to RC

HARRISON WORLEY  |  FRIDAY, 11 MAY 2018
ASIC and the FPA have made several recommendations to the Royal Commission, including eliminating the practice of grandfathered advice commissions. In its second round submission to the Commission, ASIC said it was concerned ongoing advice arrangements ...

Chief economist update: A$ falls to the occasion

BENJAMIN ONG  |  WEDNESDAY, 2 MAY 2018
"My fellow Australians, ask not what your country can do for the Australian dollar, ask what the Australian dollar can do for your country." That's me bastardising John F. Kennedy's inaugural address as the 35th US President back in 1961 (before I was ...

Future Fund continues progress yet challenges lay ahead

HARRISON WORLEY  |  TUESDAY, 24 APR 2018
... focus its attention on defending against cyber threats. Speaking earlier this year, Costello said the risks of a cyber-attack was one of the top concerns for the fund. "We acknowledge that the offensive is becoming more sophisticated all the time, so ...

Financial services data breaches recorded

HARRISON WORLEY  |  FRIDAY, 13 APR 2018
The Australian finance sector was responsible for 13% of notifiable data breaches reported to the Office of the Australian Information Commissioner in the first quarter of 2018. The OAIC Quarterly Statistics report outlined the top five industry sectors ...

Chief economist update: Inflation is heading Fed's way

BENJAMIN ONG  |  FRIDAY, 13 APR 2018
Had it not been for Trump's attack threat on Syria (now retreat) the other day, financial markets would have been dissecting the minutes of the Fed's 20-21 March FOMC meeting. There really was nothing significant except for a sentence alluding to a ...

AFA responds to 'disappointing' PJC life insurance report

KARREN VERGARA  |  WEDNESDAY, 11 APR 2018
The Association of Financial Advisers (AFA) has slammed the Parliamentary Joint Committee's report on life insurance, highlighting several aspects as surprising, perplexing and disappointing. The AFA hit out at the PJC's assessment of the direct, group ...