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Showing 1 - 10 of 12 results for "Cybercriminal"

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. ...

Cybercriminals attack major super funds

ANDREW MCKEAN  |  FRIDAY, 4 APR 2025
Cybercriminals attempted to breach the systems of several superannuation funds over the weekend, although most attacks were repelled, thousands have been affected. Rest said fewer than 1% of its members have been affected by unauthorised activity on ...

The super fund scouring the dark web to protect members

ANDREW MCKEAN  |  THURSDAY, 3 APR 2025
A compromised identity could result in financial harm, including the loss of superannuation savings, a particularly prominent risk given the volume of members' personal data available for sale. This super fund is fighting back with a novel approach. ...

SEC sues Kraken exchange again

CASSANDRA BALDINI  |  WEDNESDAY, 22 NOV 2023
The Securities and Exchange Commission (SEC) has charged Kraken Crypto Exchange for operating its trading platform as an unregistered securities exchange, broker, dealer, and clearing agency. According to the SEC, Kraken has made hundreds of millions ...

Super sector falling behind in cyber security: Podcast

CASSANDRA BALDINI  |  MONDAY, 24 JUL 2023
EY cybersecurity leader for financial services Rohit Rao says the superannuation sector is lagging when it comes to cybersecurity processes, adding that increased consolidation has created more risk. In the latest episode of the Financial Standard podcast ...

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 ...

Cybercrime protection inadequate: Poll

KARREN VERGARA  |  MONDAY, 5 NOV 2018
More than half of Financial Standard readers are not confident they are adequately protected from cybercrime, the latest spot poll reveals. Fifty-four per cent of respondents said they are vulnerable to breaches, hackers and cyberattacks as they have ...

FS Live Blog: 2017 AFA National Adviser Conference

MICHELLE BALTAZAR  |  TUESDAY, 10 OCT 2017
... 11.35am - Cybercrime session discusses vulnerabilities in a financial adviser's business when it comes to identifying cybercriminal activities. Top tip: basic checks like upgrading security systems constantly and, when in doubt, contact your client. ...

From financial advisers to cybersecurity advocates

MICHELLE BALTAZAR  |  MONDAY, 8 MAY 2017
Financial advisers must arm themselves with serious cybersecurity knowhow as more cybercrime networks turn their focus to financial services companies at an alarming rate. Finance professionals will be affected on three fronts: the value of companies ...

Trillion dollar super industry attractive to organised criminals

DARREN SNYDER  |  MONDAY, 1 JUN 2015
The Australian Crime Commission believes Stronger Super reforms implemented from 2013 have reduced illegal early release schemes run through self-managed superannuation funds (SMSFs). In its latest report, Organised Crime in Australia 2015, the commission ...
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