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APRA proposes cross-industry framework for management of information security
Insight 03 May 2018

APRA has released for consultation its first prudential standard of information security Prudential Standard CPS 234 Information Security CPS 234 - a key response to the growing threat of cyber attacks ...

ASIC Corporate Plan puts cyber resilience high on the agenda
Insight 16 Oct 2017

ASIC's latest Corporate Plan has put cyber resilience high on the agenda ...

OAIC concludes investigation into Precedent Communications
Insight 22 Jan 2018

The OAIC has concluded its investigation into Precedent Communications following a massive data breach that rocked the Australian Red Cross Blood Service ...

Should you pay a cyber criminal's ransom?
Insight 22 Jan 2018

With ransomware attacks affecting six out of 10 Australian organisations1 businesses are being forced to decide whether to concede to the ransom demands of cyber criminals in order to regain access to critical data However with no guarantee that payment of a ransom will release their data businesses ...

The hack back: The legality of retaliatory hacking
Insight 17 Oct 2018

In circumstances where government departments and law enforcement agencies are unable or unwilling to effectively respond to cybercrime, organisations are increasingly questioning whether or not they have or ought to have a a right to 'hack back' as an offensive retaliatory measure. ...

The walking dread - fostering cyber awareness in the age of killer viruses
Insight 03 May 2018

If the last decade of zombie movies and TV shows has taught us anything and it has its a check every bathroom stall before sitting down and b it only takes one idiot to leave a door open for a world of hurt to rush in Cybercrime is one of the top three threats in the world aside from natural ...

New EU rules raise the bar for data security
Insight 16 Oct 2017

The EU General Data Protection Regulation GDPR which will apply from May 2018 includes enhanced data security requirements and obligations to notify regulators and individuals of data breaches A failure to comply with key provisions may lead to a fine of up to euro20 million or 4 per cent of global ...

ASIC highlights importance of cyber resilience
Insight 01 Apr 2015

Key cyber risks faced by ASICs regulated population as well as the legal and compliance obligations to manage those risks are highlighted in a new ASIC report ASIC also identifies steps entities can take to address the risks The report marks a growing focus on cyber security issues by ASIC which is ...

Right here, right now; the CDR regime is live
Insight 02 Aug 2019

The Consumer Data Right Act has been passed by Federal Parliament bringing with it significant changes for legal, risk and compliance teams operating in the finance, banking, energy and telco sectors ...

Move to require big banks' participation in comprehensive credit reporting
Insight 23 Feb 2018

The Federal Government has introduced draft legislation to establish a long-awaited mandatory comprehensive credit reporting regime for the major banks from 1 July 2018 Partner Gavin Smith Senior Associate Emily Cravigan and Lawyer Dougald Coulson report ...

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