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Showing 191 - 200 of 515 results for "Attack"

Advisers underprepared for cyber risk high-stakes

DARREN SNYDER  |  WEDNESDAY, 14 MAR 2018
Financial advisers and superannuation funds understand the stakes behind cyber incidents but it's not reflected in business preparation and protection processes. This is a key finding in the latest industry survey from Kamino Cyber Security, a division ...

Super funds embrace crowdsourced cybersecurity

JAMIE WILLIAMSON  |  FRIDAY, 2 MAR 2018
Two of Australia's biggest industry superannuation funds have backed a San Francisco-based crowdsourced cybersecurity startup, taking part in a $33 million capital raise. Hostplus and First State Super have invested in Bugcrowd, a security platform ...

Consistent growth fuels Future Fund cyber fears

JAMIE WILLIAMSON  |  THURSDAY, 1 FEB 2018
The constant risk of a cyberattack on the Future Fund's investment portfolio is among its top concerns. Future Fund chairman Peter Costello said in a portfolio update this morning that the sovereign wealth fund considers cybersecurity risk to be a major ...

Small advice firms face big data breach penalties

KARREN VERGARA  |  WEDNESDAY, 31 JAN 2018
Small financial advice practices that breach new cybersecurity laws coming into effect next month can face penalties of up to $1.8 million. The stark warning comes from the Australian Small Business and Family Enterprise Ombudsman, which is urging small ...

FSC finalises life insurance APL guidelines

ALEX BURKE  |  FRIDAY, 22 DEC 2017
... Code of Practice, along with a new set of standardised medical definitions, in July. The new definitions for cancer, heart attack and stroke in trauma and critical illness policies were developed via consultation with medical professionals; they will ...

CommInsure life insurance ads misleading: ASIC

KARREN VERGARA  |  TUESDAY, 19 DEC 2017
... statements" on some of CommInsure websites relating to the extent customers were entitled trauma cover if they suffered a heart attack, the regulator said. "The statements may have led a policyholder to believe they would be entitled to a lump sum payment ...

MLC Life enhances benefits, boosts savings

JAMIE WILLIAMSON  |  MONDAY, 23 OCT 2017
... payable when the terminal illness will lead to death within 24 months instead of 12 months; signs and symptoms of a heart attack now being accepted as proof that a heart attack has occurred; and no set time limits for benefits to be paid for subsequent ...

QIC announces board appointments

DARREN SNYDER  |  MONDAY, 16 OCT 2017
Australian investment giant QIC recently added a New York-based real estate investment expert to its board. Joining the board is Professor Patrice Derrington, whose experience includes directorships and executive positions at JP Morgan Chase, Lower ...

Cyber training is advice value-add: AUSTRAC

DARREN SNYDER  |  THURSDAY, 12 OCT 2017
AUSTRAC director strategic intelligence and policy David Hawkins believes there are opportunities for financial advisers to value-add by providing cyber training services. Speaking at the AFA 2017 National Adviser Conference on the Gold Coast, Hawkins ...

Uniformity required to combat cyber threats

JAMIE WILLIAMSON  |  THURSDAY, 17 AUG 2017
Greater collaboration between regulators across Asia-Pacific is needed to combat an increasing threat of cyber-attacks to financial services organisations. According to Deloitte, despite the frequency of global cyber-attacks increasing and becoming ...