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Showing 1 - 10 of 24 results for "data breaches"

FIIG Securities fined $2.5m for lengthy cyber failures

JAMIE WILLIAMSON | TUESDAY, 10 FEB 2026

... to undertake a compliance programme in relation to its cybersecurity measures and processes. "Cyber-attacks and data breaches are escalating in both scale and sophistication, and inadequate controls put clients and companies at real risk," ASIC deputy ...

Magellan global equities lead exits amid investigation

JAMIE WILLIAMSON | THURSDAY, 20 NOV 2025

... recent note on Magellan, dated November 17, Morningstar said the group is exposed to several ESG risks, "such as data breaches, conflicts of interest or misconduct that could result in loss of customer trust, regulatory actions or litigations". "We don't ...

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 ...

Unprecedented vulnerabilities in financial services: KPMG

ANDREW MCKEAN | THURSDAY, 27 JUN 2024

... partner Natasha Passley said that the interconnected digital world can too often result in identify theft, fraud, and data breaches, making security inevitably intertwined with fraud and scams. "Organisations in financial services are best prepared for ...

Financial services class actions surge

JAMIE WILLIAMSON | WEDNESDAY, 20 MAR 2024

... Instead, they covered superannuation, conduct in selling complex financial products, shareholder class actions, and data breaches. On 22 December 2023, a class action was filed against Rest alleging it signed new members up for income protection cover ...

Global X launches cybersecurity ETF

CHLOE WALKER | WEDNESDAY, 13 SEP 2023

... important thematic ETF to Australian investors. "Australians have seen firsthand during the major Medibank and Optus data breaches how devastating cyberattacks, and hacking can be." Globally, there is heightened focus on identifying and managing these ...

Industry grapples with looming cyber threats

CHLOE WALKER | THURSDAY, 27 JUL 2023

... Act, the Corporations Act, and the Security of Critical Infrastructure Act. Moreover, with the recent large scale data breaches in Australia, Kallenbach says the sector is understandably very nervous about, and therefore focused on mitigating, this risk. ...

Super sector falling behind in cyber security: Podcast

CASSANDRA BALDINI | MONDAY, 24 JUL 2023

... compliance tick are over, he added, with super funds cracking down now more than ever following multiple global data breaches. Rao said funds have previously erred on the side of collecting more data than required, so when a breach does occur the impact ...

Regulation, funding inhibits digital advice: Report

KARREN VERGARA | MONDAY, 22 MAY 2023

... monitoring and oversight programs. Another is security risk encompassing privacy, cyber security, data loss and data breaches whereby one in two robo-advisers state this as one of their top priorities. Funding is an issue for many of these start-ups. ...

The sophistication of cyber threats is increasing: O'Neil

CHLOE WALKER | WEDNESDAY, 22 MAR 2023

... responsive measures in place against this wide range of threats that our country faces. "We've seen some really big data breaches over the last year that have been experienced right across the economy, and they really underline this importance of ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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