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Showing 21 - 30 of 160 results for "Cybersecurity"

Geopolitics, AI tests prudential regulation: APRA

KARREN VERGARA  |  MONDAY, 15 SEP 2025
In addition to "worsening" cybersecurity risks, geopolitical volatility and artificial intelligence (AI) are creating "unacceptable prudential risks" for APRA. APRA member Therese McCarthy Hockey said geopolitical risk has become a "risk accelerant" ...

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
... prove to have basic measures in place. The prudential regulator is leaning into trustees' ability to manage cybersecurity risks, particularly in the areas of multi-factor authentication (MFA) and third-party arrangements. "APRA will prioritise targeted ...

PE firm sells CyberCX to Accenture

KARREN VERGARA  |  FRIDAY, 15 AUG 2025
... network security. CyberCX also has offices in New Zealand, London and New York. "Joining Accenture's global cybersecurity organisation enables our exceptional people to combine forces with global capabilities and provide world-leading cybersecurity ...

Magellan rebrands investment business

JAMIE WILLIAMSON  |  THURSDAY, 14 AUG 2025
... Magellan's site says: "On 8 August 2025, Magellan Financial Group became aware of claims suggesting a potential cybersecurity incident involving our data. Our IT security team is conducting a thorough investigation to determine the validity of these ...

ASIC sues Fortnum Private Wealth

KARREN VERGARA  |  TUESDAY, 22 JUL 2025
ASIC is suing Fortnum Private Wealth for allegedly failing to manage and comply with its cybersecurity obligations that exposed the information of its financial advisers and clients. In the NSW Supreme Court, ASIC alleges Fortnum exposed its authorised ...

Super funds, banks say cybersecurity is now their biggest concern

ANDREW MCKEAN  |  FRIDAY, 27 JUN 2025
APRA's 2025 Stakeholder Survey shows that cyber security risk has emerged as the topmost concern in financial services. The survey, which gathered responses from 262 financial institutions, revealed that the threat of cyber security was listed as a ...

Super funds to take stock of information security controls

JAMIE WILLIAMSON  |  TUESDAY, 10 JUN 2025
... chairs, APRA deputy chair Margaret Cole said that although it "has consistently emphasised the importance of robust cybersecurity, it is clear that current controls are not always commensurate with the evolving vulnerabilities and threats, nor with the ...

FTX creditors await US$5bn distribution

KARREN VERGARA  |  FRIDAY, 16 MAY 2025
... the areas of management and governance, finance and accounting, digital asset management, information security and cybersecurity. "In this report, we provide details on our findings that FTX Group failed to implement appropriate controls in areas that ...

Criminal attacks, human error drive data breaches

JAMIE WILLIAMSON  |  WEDNESDAY, 14 MAY 2025
... breaches. They accounted for 69% of the notifications received by the OAIC in the second half of 2024; 61% were cybersecurity incidents. As for other sources, 29% were the result of human error and 2% were due to system faults. In financial services ...