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Showing 21 - 30 of 514 results for "Attack"

Feature: Digital advice | Sleeping giant

KARREN VERGARA  |  FRIDAY, 26 SEP 2025
About three years ago, robo-advisers, one by one, began dropping like flies. The likes of Six Park, Upstreet and Advice Intelligence either folded or were acquired. Even Ellerston Capital's ethically based robo-adviser, which launched in early 2023 ...

FEATURE: Problem detected

MATTHEW WAI  |  THURSDAY, 18 SEP 2025
... cybersecurity has now become a "strategic issue," as this aspect has been complicated by multiple layers, including AI, increasing attack frequency, and gaps in governance. "Many organisations are still approaching cybersecurity as a one-off investment ...

Super funds test cybersecurity resilience

KARREN VERGARA  |  WEDNESDAY, 3 SEP 2025
Still reeling from the coordinated cyberattack in April, superannuation funds will test their cybersecurity resilience and see what lessons they have learned under a drill provided by the Gateway Network Governance Body (GNGB). Taking place on Thursday ...

APRA sets higher cybersecurity expectations for trustees

KARREN VERGARA  |  FRIDAY, 22 AUG 2025
Trustees' cyber-resilience is riding high on APRA's enforcement agenda over the next four years, but in the short term the regulator warned it will escalate action where necessary if they cannot prove to have basic measures in place. The prudential ...

Magellan rebrands investment business

JAMIE WILLIAMSON  |  THURSDAY, 14 AUG 2025
... future." Magellan is currently investigating a potential cyber breach, after it was listed as the victim of a ransomware attack on a darknet site. The hackers claimed to have stolen 85 gigabytes of data. A statement on Magellan's site says: "On 8 August ...

Super funds risk 'falling behind': MUFG Retirement Solutions

ELIZA BAVIN  |  THURSDAY, 7 AUG 2025
MUFG Pension & Market Services has called for an industry-wide uplift in digital identity and fraud protection capabilities as it works with the Australian government and super funds to pilot a new digital ID tool. Speaking exclusively with Financial ...

ASIC sues Fortnum Private Wealth

KARREN VERGARA  |  TUESDAY, 22 JUL 2025
... ASIC alleges Fortnum exposed its authorised representatives (ARs) and clients to an "unacceptable level of risk of a cyber-attack or a cybersecurity incident". Fortnum introduced a specific cybersecurity policy from April 2021. ASIC said that the policy ...

US-Iran tensions send markets into panic mode

ELIZA BAVIN  |  MONDAY, 23 JUN 2025
... fundamentally changes the landscape for equity sectors, currencies, and credit." Meantime, the price of gold rose following the US attack on Iran and with traditional markets closed, crypto gold tokens-digital assets backed by physical bullion-were the ...

Criminal attacks, human error drive data breaches

JAMIE WILLIAMSON  |  WEDNESDAY, 14 MAY 2025
The number of data breaches reported to the Office of the Australian Information Commissioner (OAIC) rose 25% in 2024; 54 or 9% of which occurred at financial services organisations. New statistics from the OAIC show there was a total of 1113 notifications ...

Fed holds rates, but RBA still poised for a cut

ELIZA BAVIN  |  THURSDAY, 8 MAY 2025
The US Federal Reserve left interest rates on hold when it met overnight as it takes a "patient" stance while it awaits the inflationary impacts of US President Donald Trump's tariffs. The Fed noted that "uncertainty about the economic outlook has increased" ...