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Showing 1 - 10 of 39 results for "Data breach"

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 ...

UniSuper battles major system outage

JAMIE WILLIAMSON | FRIDAY, 3 MAY 2024

... resolve an ongoing system outage impacting the entire business, assuring disgruntled members it is not the result of a data breach. The $135 billion super fund's online systems have been disrupted this week, with its 665,000 members unable to log ...

Financial services class actions surge

JAMIE WILLIAMSON | WEDNESDAY, 20 MAR 2024

Following a brief reprieve, the number of class actions targeting the financial services sector escalated significantly in 2023. According to a report from Allens, the banking and financial services sector was the second biggest target for class actions ...

Global X launches cybersecurity ETF

CHLOE WALKER | WEDNESDAY, 13 SEP 2023

The Global X Cybersecurity ETF (BUGG) invests in the rapidly growing cybersecurity industry, with a management fee of 0.47% per annum. BUGG tracks the Indxx Cybersecurity Index, targeting companies that derive more than half of their revenue from cybersecurity ...

Industry grapples with looming cyber threats

CHLOE WALKER | THURSDAY, 27 JUL 2023

With the threat of cyber-attacks growing by the day, leadership teams in all areas of financial services are being urged to ramp up cybersecurity protections, with the regulators keeping a keen eye on their efforts. But while major institutions might ...

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 ...

Regulation, funding inhibits digital advice: Report

KARREN VERGARA | MONDAY, 22 MAY 2023

Several key risks are inhibiting digital advice providers from operating with confidence, a new report finds, one of which is the red tape that is preventing them from moving successfully forward. AMP's Digital financial advice market scan, together ...

NGS Super suffers cyber-attack

JAMIE WILLIAMSON | MONDAY, 27 MAR 2023

... Spirit Super was the subject of a breach that saw the information of about 50,000 members from 2019/20 accessed. The data breach occurred when a staff member's email account was caught up in a broad phishing attack campaign.

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 ...

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Objective of super enshrined in law

JAMIE WILLIAMSON

After a decade in the making, an objective of superannuation has been legislated, with the bill passed in parliament yesterday.

Australian Retirement Trust primed for growth: Morningstar

JAMIE WILLIAMSON

Morningstar has heaped praise on Australian Retirement Trust (ART), saying it is home to a "high calibre investment leadership team playing to their strengths," but warned of key person risks.

Bullock hints at no rate cut in 2025

ELIZA BAVIN

Reserve Bank of Australia governor Michele Bullock has struck a hawkish tone on interest rates when addressing a CEDA dinner.

'But for' compensation methodology unfair: FAAA

KARREN VERGARA

The methodology used to calculate compensation for victims of bad financial advice appears to factor in 'opportunity costs' and has drawn the ire of advisers, calling it "unfair" and "unsustainable" for the industry.

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'Chameleon ETFs': Still groundbreaking and here to stay?

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Mistaking financial literacy for retirement literacy

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Kellie Wood

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SCHRODER INVESTMENT MANAGEMENT AUSTRALIA LIMITED

Schroders Australia's Kellie Wood talks about winning a lot, so much so that it's become a well-intentioned joke with her co-workers - but it's this ambitious attitude that spurs her on every day. Eliza Bavin writes.

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