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Showing 1 - 10 of 107 results for "cybersecurity"

Budget 2024: Regulators given boost to combat misconduct, cybersecurity

JAMIE WILLIAMSON  |  TUESDAY, 14 MAY 2024
... will be provided over four years and $7.2 million per year ongoing to improve ASIC and APRA's data capability and cybersecurity, and to continue the stabilisation of business registers and modernisation of legacy systems. Again, this will be partially ...

Succession planning troubles family offices: J.P. Morgan

KARREN VERGARA  |  TUESDAY, 30 APR 2024
... assets under supervision (AUS) incur US$6.1 million annually to keep running. One quarter have been exposed to a cybersecurity breach or financial fraud. Many say they need to toughen their cybersecurity measures, yet one in five do not have proper controls ...

'Licensee for hire' fined $1.25m by court

JAMIE WILLIAMSON  |  THURSDAY, 11 APR 2024
... resources to enable it to monitor and supervise representatives and did not have an adequate IT infrastructure, cybersecurity management processes or the like in place, using a paper filing system until September 2020. Issuing the penalty, Justice McEvoy ...

ASIC's harsh words to directors: 'It's not meant to be easy'

ELIZA BAVIN  |  FRIDAY, 22 MAR 2024
... there are plenty of new challenges companies are facing - think regulatory settings, mandatory climate disclosure, cybersecurity, and AI - directors who are focused on doing the right thing shouldn't face any issues. "It's not impossible to comply. It's ...

ACNC tightens screws on NFPs with complex corporate structures

JAMIE WILLIAMSON  |  THURSDAY, 21 MAR 2024
... other laws," she said. Another compliance focus for the commission is the challenges charities face relating to cybersecurity. "This is a key governance risk for charities," Woodward said. "In our reviews we work with charities to better understand how ...

Financial services class actions surge

JAMIE WILLIAMSON  |  WEDNESDAY, 20 MAR 2024
... is cyberwashing - each case includes allegations relating to statements about compliance with data-handling and cybersecurity obligations. These types of claims are high risk for consumer-facing organisations, especially those with a significant volume ...

Insignia details transformation progress

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2024
... million. Its transformation program delivered $18 million in cost savings, which offset increased salaries and spend on cybersecurity, Insignia said. Remediation provisions sat at $132.7 million as at December end. This includes a further $72.6 million ...

Risk, compliance staff in hot demand

JAMIE WILLIAMSON  |  WEDNESDAY, 21 FEB 2024
... enterprise and operational risk, ESG and sustainability risk, operational due diligence, and financial crime and cybersecurity are among the key skill sets in demand. However, on the flip side, the firm did flag that staff attrition on risk and compliance ...

Investment Trends ranks top five platforms

ANDREW MCKEAN  |  THURSDAY, 15 FEB 2024
... staff in 2023, introducing a wealth of online and in-person resources to enhance user proficiency. In parallel, cybersecurity enhancements, particularly in authentication steps within the adviser-client workflow, were a priority.

Unlisted asset valuation practices under review

JAMIE WILLIAMSON  |  THURSDAY, 1 FEB 2024
... Security. More super funds are expected to submit CPS 234 self-assessments in the next six months as part of APRA's cybersecurity stocktake involving more than 300 banks, insurers, and super funds. The update on priorities comes as Australia's total ...
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