The Australian Securities and Investments Commission (ASIC) has recommended cyber resilience of the ASX, Chi-X, as well as encouraging the broader financial services industry to examine their information security arrangements, stating that cyber risk is one of the most significant concerns for the industry. “Because of the dynamic nature of the cyber threat landscape, a comprehensive and long-term commitment to cyber resilience is essential to assist all organisations and the Australian economy to manage this threat,” said ASIC commissioner Cathie Armour. In a report released today, the regulator said it was concerned about the lack of adequate cybersecurity measures in Australia’s major banks, which are increasingly reliant on external data sources such as SWIFT, rather than internal
The Australian Securities and Investments Commission (ASIC) has recommended cyber resilience of the ASX, Chi-X, as well as encouraging the broader financial services industry to examine their information security arrangements, stating that cyber risk is one of the most significant concerns for the industry. In a report released today, the regulator said it was concerned about the lack of adequate cybersecurity measures in Australia’s major banks, which are increasingly reliant on external data sources such as SWIFT, rather than internal