In the high-stakes world of finance, robust cybersecurity is a fundamental legal obligation. ASIC is actively enforcing these requirements, and a failure to comply can lead to severe legal and reputational damage. We deliver tailored solutions to secure your data, ensure compliance, and protect your organisation.
We work with a diverse range of financial entities, including:
Recent enforcement actions by ASIC serve as a critical reminder of the legal consequences of neglecting cybersecurity. Inadequate controls are a direct breach of your legal duties.
This ongoing case alleges systemic failures, including a lack of MFA and monitoring, led to a massive data theft, with ASIC contending FIIG failed to act "efficiently, honestly, and fairly.
The Federal Court found RI Advice breached s912A for failing to implement adequate cyber controls, resulting in a court-ordered overhaul of their security.
Key obligations include:
Maintaining adequate resources (technical and human) (s912A(1)(d))
Operating a robust risk management system (s912A(1)(h))
Acting efficiently, honestly, and fairly (s912A(1)(a))
Enforcing MFA, EDR/SIEM monitoring, and regular staff training as a baseline
Our tailored financial services offerings include:
ASIC has made it clear that cyber risk is a top priority. If your risk management program cannot withstand the scrutiny of section 912A, the cost of inaction is too high.