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Showing 1 - 10 of 42 results for "Cyber risk"

APRA warns super trustees over AI adoption

VINNY VUCAGO  |  THURSDAY, 30 APR 2026
The Australian Prudential Regulation Authority (APRA) has called on superannuation trustees, insurers and to significantly lift their approach to managing artificial intelligence (AI) risks, warning current practices are not keeping pace with rapid ...

FIIG Securities fined $2.5m for lengthy cyber failures

JAMIE WILLIAMSON  |  TUESDAY, 10 FEB 2026
... leaked. ASIC brought its case against FIIG Securities in March 2025 after it found the firm failed to have adequate cyber risk management systems in place for about four years to June 2023. As a result, between 19 May 2023 and 8 June 2023, a hacker was ...

AI, operational failures key regulatory risks for ASIC in 2026

RIDDHIMA TALWANI  |  TUESDAY, 27 JAN 2026
... "Digitisation, legacy systems, reliance on third parties, and evolving threat actor capability continue to elevate cyber risk in ASIC's view," it said. ASIC urged directors and financial services license holders to maintain robust risk management frameworks ...

Largest managers' assets climb 9.4%: Research

ANGELIQUE MINAS  |  TUESDAY, 11 NOV 2025
The Thinking Ahead Institute (Thinking Ahead) published the 2025 World's largest asset managers report. The research indicated a continued recovery for the asset management industry with the value of total assets under management (AUM) at 500 of ...

Super risks continue as advice gets all clear

ELIZA BAVIN  |  FRIDAY, 17 OCT 2025
... frameworks." In addition, the report said as funds digitise and rely heavily on third-party administrators, fraud and cyber risk remain critical vulnerabilities. "Weaknesses in account management, identity verification, and data change protocols can ...

ASIC exposes holes in managed funds' offshoring cyber controls

KARREN VERGARA  |  MONDAY, 13 OCT 2025
Responsible entities (REs) of managed funds lack robust risk management practices when it comes to the cyber and security risks relating to services they offshore, according to ASIC. A review of 30 REs found that more than half or 17 rely on offshore ...

FEATURE: Problem detected

MATTHEW WAI  |  THURSDAY, 18 SEP 2025
While financial services organisations may be comfortable with taking risks, certainly when it comes to investing, there are other types of risks they're not so familiar with. It may be 2025, but we continue to consistently see examples of organisations ...

AUSIEX to acquire FIIG Securities

ELIZA BAVIN  |  THURSDAY, 1 MAY 2025
... data of more than 18,000 clients stolen and released on the dark web. According to ASIC, FIIG failed to have adequate cyber risk management systems in place for a period of four years - from March 2019 to June 2023. Due to this failure, ASIC alleges ...

Mercer adds to wealth team

ELIZABETH FRY  |  THURSDAY, 13 MAR 2025
... data of more than 18,000 clients stolen and released on the dark web. According to ASIC, FIIG failed to have adequate cyber risk management systems in place for a period of four years - from March 2019 to June 2023.

ASIC slaps FIIG Securities with lawsuit

JAMIE WILLIAMSON  |  THURSDAY, 13 MAR 2025
... data of more than 18,000 clients stolen and released on the dark web. According to ASIC, FIIG failed to have adequate cyber risk management systems in place for a period of four years - from March 2019 to June 2023. Due to this failure, ASIC alleges ...
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