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Showing 1 - 10 of 47 results for "Data breach"

Heightened cyber threats require greater accountability on governance

MATTHEW WAI  |  WEDNESDAY, 27 MAY 2026
... by AI models. Jurd echoed the regulator's concern, stating that 90% of organisations have reported at least one data breach in the past year. "There are attacks on critical infrastructure that we need to be aware of... and the fact that 89% of attacks ...

FIIG Securities fined $2.5m for lengthy cyber failures

JAMIE WILLIAMSON  |  TUESDAY, 10 FEB 2026
FIIG Securities will pay $2.5 million over cybersecurity failures that went on for years and saw the private data of clients compromised and, in some cases, leaked. ASIC brought its case against FIIG Securities in March 2025 after it found the firm ...

Magellan global equities lead exits amid investigation

JAMIE WILLIAMSON  |  THURSDAY, 20 NOV 2025
Magellan Financial Group's head of global equities has resigned following reports alleging he was in a relationship with a junior employee. The Australian Financial Review reported overnight that Arvid Streimann was allegedly in a relationship with ...

FEATURE: Problem detected

MATTHEW WAI  |  THURSDAY, 18 SEP 2025
... firms grow their businesses in the darkness of night. We need to share best practices more between ourselves. Any data breach hurts us all. "Cybersecurity is critical given it is a fundamental pillar supporting the firm's reputation, client relationships ...

Super funds test cybersecurity resilience

KARREN VERGARA  |  WEDNESDAY, 3 SEP 2025
... military-grade security and data protection". "This is an attempt to give some confidence to the public, yet we see data breach after data breach after data breach. They continue to say how seriously they take it all. And plainly, they don't," Phair ...

ASIC sues Fortnum Private Wealth

KARREN VERGARA  |  TUESDAY, 22 JUL 2025
... sending 1266 emails containing phishing links from that employee's account, while Wealthwise experienced a major data breach. When Fortnum revised its policy in May 2023, ASIC found several of its ARs experienced cyber incidents, one of which was ...

Criminal attacks, human error drive data breaches

JAMIE WILLIAMSON  |  WEDNESDAY, 14 MAY 2025
The number of data breaches reported to the Office of the Australian Information Commissioner (OAIC) rose 25% in 2024; 54 or 9% of which occurred at financial services organisations. New statistics from the OAIC show there was a total of 1113 notifications ...

What you read in 2024

ELIZA BAVIN  |  FRIDAY, 20 DEC 2024
... impacting the entire business. At the time the super fund was assured disgruntled members it is not the result of a data breach. The $135 billion super fund's online systems were disrupted for more than a week, with its 665,000 members unable to ...

Unprecedented vulnerabilities in financial services: KPMG

ANDREW MCKEAN  |  THURSDAY, 27 JUN 2024
KPMG specialists say disruptive technologies, particularly generative AI, and the imperative to automate, are exposing financial services executives to unprecedented vulnerabilities. In Australia, KPMG partner Matt O'Keefe noted that heightened customer ...

UniSuper outage continues, no cause identified

JAMIE WILLIAMSON  |  TUESDAY, 7 MAY 2024
... will receive daily updates as the restoration progresses, and reinforced again that the outage is not related to a data breach, assuring members their information and retirement savings are safe. He also told members that Google Cloud is not the only ...
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