Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 10 of 66 results for %22Information Security Standard%22

Super funds lack data for effective retirement assistance: Study

ANDREW MCKEAN  |  MONDAY, 5 FEB 2024
... income strategy," the audit said. "RSE licensees need to be aware that segmentation done based on very narrow member information and consideration could potentially lead to developing inappropriate strategy and inadequate assistance to members." The ...

Unlisted asset valuation practices under review

JAMIE WILLIAMSON  |  THURSDAY, 1 FEB 2024
... amount of data was lost and "significant deficiencies" were identified in the fund's compliance with CPS 234 - Information Security. More super funds are expected to submit CPS 234 self-assessments in the next six months as part of APRA's cybersecurity ...

'Significant deficiencies' lead APRA to act against NGS Super

JAMIE WILLIAMSON  |  FRIDAY, 8 DEC 2023
... the attack. "The reviews identified deficiencies in NGS' compliance with Prudential Standard CPS 234 - Information Security (CPS 234), while the cyber incident involved a significant amount of data being lost and NGS' systems being compromised ...

Wealth managers shirk cybersecurity priorities

KARREN VERGARA  |  MONDAY, 13 NOV 2023
... and 12 superannuation funds canvassed, many exhibited well-developed capabilities in governance, risk management and information asset management. However, some 29% of participants do not encrypt confidential information, while nearly the same number ...

Corporate fund inks deal with Link

ANDREW MCKEAN  |  THURSDAY, 24 AUG 2023
... importance of data security practices and the standards required of Australian banks. In the super industry, information security is paramount, and Link Group takes this responsibility seriously as we safeguard the financial futures of countless Australian ...

Are indexes the next target for greenwashing investigations?

RACHEL ALEMBAKIS  |  TUESDAY, 8 AUG 2023
... September 2022. RIAA conducted a spot check on the product since the ASIC allegations were revealed and based on the information they have reviewed, they are satisfied that the issues that are the subject of these proceedings have been remedied, and ...

Industry grapples with looming cyber threats

CHLOE WALKER  |  THURSDAY, 27 JUL 2023
... their peers. Meanwhile, APRA is assessing more than 300 of its regulated entities' compliance with CPS 234 Information Security. So far, 24% of entities have been reviewed, finding several concerning gaps including incident response plans not being regularly ...

Super sector falling behind in cyber security: Podcast

CASSANDRA BALDINI  |  MONDAY, 24 JUL 2023
... for members. In fact, there are three fundamental impacts, he said. The first is amplified risk. "... the sensitive information, for example, identity documents like driver's licences and passports are compromised. It can lead to identity thefts ...

Institutions must raise the bar on cybersecurity resilience: APRA

CASSANDRA BALDINI  |  THURSDAY, 6 JUL 2023
... regulator plans to have assessed more than 300 banks, insurers and super trustees' compliance with CPS 234 Information Security by the end of the year. It has so far assessed 24% of entities, finding several concerning gaps, it said. Firstly, it found ...

Treasury to scrap advice admin burdens, boosts intra-fund advice

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... investment schemes. A boon for super funds Superannuation funds will be given more leeway to provide retirement advice and information to their members, as accepted in principle as part of Recommendation 6. Levy said trustees should be able to provide ...
PAGE:
1
PREVIOUS
NEXT