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Showing 71 - 80 of 480 results for "Cyber"

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 ...

PE firm sells CyberCX to Accenture

KARREN VERGARA  |  FRIDAY, 15 AUG 2025
Accenture will acquire trans-Tasman cyber security firm CyberCX from private equity firm BGH Capital. Founded in Melbourne in 2019, CyberCX has about 1400 employees and provides consulting, transformation and managed security services, as well as offensive ...

Magellan rebrands investment business

JAMIE WILLIAMSON  |  THURSDAY, 14 AUG 2025
... honour that history while better positioning ourselves for the 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 ...

Super funds risk 'falling behind': MUFG Retirement Solutions

ELIZA BAVIN  |  THURSDAY, 7 AUG 2025
... commissioned by MUFG Pension & Market Services reveals that 77% of Australians are moderately to highly concerned about cyber incidents impacting their superannuation, with more than half saying they would consider switching funds if digital security ...

ASIC sues Fortnum Private Wealth

KARREN VERGARA  |  TUESDAY, 22 JUL 2025
... Court, 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 ...

APRA expects 'no cutting corners' with CPS230

KARREN VERGARA  |  TUESDAY, 1 JUL 2025
... member. But that's coming at the tradeoff of the quality of service and things like the proper level of investment in cyber security and protection against crime and so on. So, it is a balance." McCarthy Hockey said that "recent events have helped ...

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 ...

US-Iran tensions send markets into panic mode

ELIZA BAVIN  |  MONDAY, 23 JUN 2025
Global markets are preparing for potential fallout after the US conducted strikes with B-2 Stealth Bombers on three Iranian nuclear sites over the weekend and has since claimed the attacks "obliterated" Iran's nuclear capabilities. IG market analyst ...

Super funds to take stock of information security controls

JAMIE WILLIAMSON  |  TUESDAY, 10 JUN 2025
The super funds that saw member accounts breached by cybercriminals in April have been instructed to undertake a "special purpose engagement," as APRA asks all trustees to review their compliance with Prudential Standard CPS 234 Information Security. ...

FTX creditors await US$5bn distribution

KARREN VERGARA  |  FRIDAY, 16 MAY 2025
Collapsed cryptocurrency exchange FTX is set to pay out US$5 billion to creditors starting May 30. The proceeds will be distributed via the FTX Recovery Trust to eligible creditors either on BitGo or Kraken. This is the second round of distributions ...