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Showing 21 - 30 of 36 results for "Data breach"

Raiz beefs up security with AI

HARRISON WORLEY  |  FRIDAY, 10 AUG 2018
Micro-investing platform Raiz Invest struck a deal with a US-based cyber security firm to help protect the platform from hackers. Raiz appointed Seattle-based Versive to deploy its security engine in the platform, which grows at over 20% per quarter. ...

CBA finds no evidence of customer data breach

ALEX BURKE  |  THURSDAY, 3 MAY 2018
Following an investigation by KPMG, the Commonwealth Bank said no evidence was found that customer information was compromised when two magnetic tapes went missing in 2016. The tapes in question contained customer names, addresses, account numbers and ...

Financial services data breaches recorded

HARRISON WORLEY  |  FRIDAY, 13 APR 2018
... businesses were over-confident about dealing with cyber threats, yet only 32% of respondents were aware of the mandatory data breach notification laws. Additionally the survey found 28% of respondents had full confidence in the cyber security hygiene ...

PwC urges super trustees to fast-track GDPR compliance

KARREN VERGARA  |  WEDNESDAY, 4 APR 2018
... and will only be allowed in specified circumstances, that is, if the individual has given explicit consent. When a data breach occurs, GDPR states data controllers must notify the relevant supervisory authority of the breach within 72 hours of becoming ...

Facebook scandal raises ESG concerns

ALEX BURKE  |  TUESDAY, 3 APR 2018
It's the data breach that led Edward Snowden to describe Facebook as a surveillance company rebranded as a social media one - and it's now having serious implications on ethical investment strategies. Summarised, Facebook is currently embroiled in multiple ...

Advisers underprepared for cyber risk high-stakes

DARREN SNYDER  |  WEDNESDAY, 14 MAR 2018
... Cyber Security, a division of Midwinter. The October 2017 survey found 32% of respondents were aware of mandatory data breach notification laws which came into effect in February 2018. Kamino managing director Julian Plummer said the results were highly ...

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 ...

Small advice firms face big data breach penalties

KARREN VERGARA  |  WEDNESDAY, 31 JAN 2018
... from the Australian Small Business and Family Enterprise Ombudsman, which is urging small enterprises to prepare for data breach reporting laws effective from February 22. Ombudsman Kate Carnell said this legislation carried significant financial penalties ...

Personal security concerns reach new high: Unisys

EMMA RAPAPORT  |  THURSDAY, 22 JUN 2017
Australian consumer concern about security issues including financial and internet risks is the highest it's been in the last decade according to the latest Unisys Security Index. The overall Unisys Security Index for Australia is 157 out of 300, up ...

Adviser cybercrime insurance launches

KARREN VERGARA  |  TUESDAY, 28 MAR 2017
... face greater risk of reputational damage, as a cyber breach can no longer be kept a secret under the new mandatory data breach legislation reporting that is coming into effect this year, Brooks said. Cybercrime is estimated to cost the Australian economy ...