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Showing 1 - 10 of 11 results for "Cyber attack"

Platform fees, poor resourcing a red flag for regulator

JAMIE WILLIAMSON  |  TUESDAY, 3 OCT 2023
The chief executives of major platform operators in the UK have received letters from the regulator, flagging concerns around poor disclosure of fees and under-investment in technology. In the letter, the Financial Conduct Authority's director of consumer ...

The sophistication of cyber threats is increasing: O'Neil

CHLOE WALKER  |  WEDNESDAY, 22 MAR 2023
Kicking off day two of the Conference of Major Superannuation Funds, minister for home affairs and cybersecurity Claire O'Neil shared some harrowing truths about the intensity of cyber threats on Australian super funds. "Two of my biggest responsibilities ...

Cyber attacks scare directors: WTW

ELIZABETH MCARTHUR  |  FRIDAY, 22 APR 2022
Company directors are understandably spooked by the threat of cyber attacks, extortion and ransomware, a survey has found. The new survey from Willis Towers Watson and Clyde & Co identified the key risks for directors and officers of companies. Cyber-attacks ...

IFM Investors named in class action

ELIZABETH MCARTHUR  |  MONDAY, 7 JUN 2021
... around 2.5 million barrels of gasoline, diesel fuel, heating oil and jet fuel per day. On 7 May 2021, a ransomware cyber attack shut down the Colonial Pipeline. The entire east coast of the US was deprived of its normal supply of petroleum. To secure ...

APRA consults to combat cyber attacks

ELIZABETH MCARTHUR  |  TUESDAY, 26 MAR 2019
APRA has invited submissions from all APRA-regulated entities on how the financial services industry can improve information security and protect itself from cyber-crime. The regulatory authority has not updated its information security guidelines since ...

Super funds must ramp cyber protections

DARREN SNYDER  |  FRIDAY, 4 DEC 2015
An alleged cyber attack on the Australian Bureau of Meteorology this week reaffirms the vital importance of chief information officers and stringent security systems at superannuation funds. Two financial services consulting firms released reports in ...

Crime survey finds fraud rife in Australia

PETRINA BERRY, AAP  |  THURSDAY, 5 JUN 2014
Well-educated men in their 30s from middle management are the most likely perpetrators of internal fraud, a survey of Australian firms shows. PricewaterhouseCoopers' 2014 Global Economic Crime Survey found Australian organisations reported more crime ...

Allianz launches cyber risk insurance product

MARK SMITH  |  TUESDAY, 1 APR 2014
... the top emerging risks for the 21st Century. Allianz has called on all businesses to review their vulnerability to cyber attack and the financial and reputational damage it may cause. "Companies are facing attacks on a daily basis and firms, such as ...

SIFMA talks up Wall Street cyber defences

ALEX DUNNIN  |  WEDNESDAY, 23 OCT 2013
... Securities Industry and Financial Markets Association (SIFMA) has released its assessment report of their Wall Street cyber attack simulation and while it confirms their protocols performed adequately, it was the soft attack weapons that were the most ...

Wall Street to stage cyberattack wargame drill

ALEX DUNNIN  |  THURSDAY, 20 JUN 2013
... Security. Reflecting the purpose of the drill, none of the 50 participating entities will know the details of the cyber attack scenarios until they occur other than it is expected to be a full blown cyber war game threat that will require them to work ...
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