cyber security

On 16 October 2023 the Australian Federal Treasury released its public consultation paper regarding the proposed regulatory regime for digital asset platforms. The proposed framework highlights the Australian Government’s intention to ensure consistent oversight and safeguards for consumers by regulating digital asset platforms and other intermediaries within the existing Australian Financial Services Licence (AFSL…

On 19 October 2021, the Financial Stability Board (FSB) published a report exploring whether greater convergence in the reporting of cyber incidents is achievable in light of increasing financial stability concerns, especially given the digitalisation of financial services and increased use of third party service providers.

The FSB found that fragmentation exists across…

It has been 3 months since Australia’s Notifiable Data Breach Scheme (NDB Scheme)[1] came into force and, already, the Office of the Australian Information Commissioner (OAIC) is receiving many notifications of cyber-attacks and other data breaches – both voluntarily and under the NDB Scheme.

We will see even greater awareness…