APRA arms financial institutions against cyberattacks
The Australian Prudential Regulation Authority (APRA) released a departmental advisory following remarks from Member Suzanne Smith, highlighting the increasing technological risks facing Australia’s financial institutions.
University to boost financial data protection
Western Sydney University disclosed a cyber incident that resulted in unauthorised access to sensitive data in its student management system and other essential backend storage
ASIC on guiding financial AI data integration
The Australian Securities and Investments Commission (ASIC) has expressed urgent concerns about the adoption of artificial intelligence (AI) by financial service and credit licensees, highlighting
Cloud seeding halts amid financial review
Financial pressures have temporarily suspended the NSW Snowy Mountains cloud seeding programme, which has been in operation for the past 20 years. Snowy Hydro has
Australia’s cybersecurity bolsters financial stability
In the current digital era, cybersecurity plays a crucial role in ensuring the stability of Australia’s financial systems. Financial institutions face significant risks due to
Fake ID leads to financial catastrophe
An individual has shared the story of how a counterfeit identification, created using stolen personal information, allowed a scammer to purchase a $111,000 vehicle under
Financial crime compliance costs billions
LexisNexis® Risk Solutions released the findings of its latest True Cost of Financial Crime Compliance Study. According to the Forrester Consulting study, 98% of financial
xAmplify partners with Coupa to market its BSM platform
xAmplify Group Pty Ltd has entered a partnership agreement with Coupa Software, allowing them to bring Coupa’s Business Spend Management (BSM) platform into the Australian
NZ provides more support for lockdown-affected businesses
With Auckland kept in a higher COVID Alert Level, the NZ Government has launched a third round of the Wage Subsidy Scheme for lockdown-affected businesses. “The revenue test period
Queensland provides COVID-19 support grants for affected businesses
Queensland’s small-and-medium businesses will be given $5,000 in grants to help support their operations after being severely affected by the lockdowns. Treasurer and Minister for