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Showing 571 - 580 of 1713 results for "Breach"

Super must prioritise cybersecurity risk: Report

KARREN VERGARA  |  MONDAY, 8 FEB 2021
The superannuation industry is not prioritising the threat of cybersecurity risk and lacks the systems and understanding to address such challenges, according to a new report. The survey conducted by The Gateway Network Governance Body (GNGB) and PwC ...

ASIC suspends RE licence

KARREN VERGARA  |  MONDAY, 8 FEB 2021
The corporate regulator has suspended the AFSL of a responsible entity that oversees a property and mortgage fund for breaching several compliance and reporting obligations. The licence of Queensland-based financial services provider Investors Exchange ...

Australians Googling for advice

KANIKA SOOD  |  WEDNESDAY, 3 FEB 2021
Online searches for 'financial advice' by Australians increased by 18% last year to 14,800 in average monthly searches compared to 2019, according to Allan Gray research on search and engagement trends. Average monthly searches for 'financial advice' ...

High Court dismisses Westpac appeal

JAMIE WILLIAMSON  |  WEDNESDAY, 3 FEB 2021
The High Court has affirmed the Federal Court's 2019 decision that two Westpac subsidiaries provided unlicensed personal financial advice. In a decision handed down today, the High Court of Australia dismissed Westpac's appeal, determining the ...

Shipton to leave ASIC

JAMIE WILLIAMSON  |  FRIDAY, 29 JAN 2021
Treasurer Josh Frydenberg has announced ASIC chair James Shipton will leave the regulator in the coming months, despite being cleared by Vivian Thom's review of ASIC Governance. Releasing the review findings today, Frydenberg said he and Shipton ...

Malicious attacks most common in finance

ELIZA BAVIN  |  FRIDAY, 29 JAN 2021
... error was the source of 28% of data breaches within the finance sector. "Organisations need to reduce the risk of a data breach by addressing human error - for example, by prioritising training staff on secure information handling practices," Falk said. ...

ASIC faces cybersecurity attack

KARREN VERGARA  |  WEDNESDAY, 27 JAN 2021
Corporate watchdog ASIC was hit with a cybersecurity breach on January 15 that has potentially exposed personal information. ASIC announced on January 25 that the incident involved unauthorised access to a server that contained documents associated ...

Crackdown on ERS scams continues

ELIZA BAVIN  |  MONDAY, 18 JAN 2021
The Australian Taxation Office (ATO) has confirmed it is still working with the Australian Federal Police (AFP) to crack down on early release of super scams which cost Australians over $6 million. Combined, the value of scams rose 23% in 2020, with ...

Rice Warner weighs in on Your Future, Your Super

KARREN VERGARA  |  THURSDAY, 14 JAN 2021
... funds will likely position themselves favourably to these potential members but will need to be careful they don't breach anti-hawking legislation. Rice Warner suggested trustees be exempt from such regulation given that the performance test will ...

AustralianSuper breached member's privacy: Regulator

KANIKA SOOD  |  TUESDAY, 12 JAN 2021
... regarding the insurance claim," the judgement said. The OAIC found AustralianSuper disclosed WG's personal information in breach of Australian Privacy Principle 6 and failed to take reasonable steps to ensure that it used accurate and up-to-date personal ...