161-170 of 234 results
In Touch: ACCC Chair calls for collaboration among regulators across the globe; and other developments
The ACCC moo-ving to enforce compliance with the Dairy Code On 9 May, the ACCC updated its guidance for the Dairy Code of Conduct ahead of the new dairy season and the upcoming 1 June deadline for dai ...
Federal Court finds cyber risk management is a critical obligation for financial services firms
The Federal Court handed down its judgment in proceedings brought by ASIC against RI Advice on 5 May 20221. It found that, as result of its failure to manage cyber security risks and cyber resilience, RI Advice breached its obligations to do all things necessary to ensure that the financial services covered by the licence were provided efficiently and fairly, and to have adequate risk management systems in place. ...
Everything you need to know about cyber risks, resilience and responsibilities
Organisations today are both blessed and cursed with extraordinary amounts of data. The responsibility for information security and data governance starts and ends with the board and senior management. We offer a handbook to help navigate duties and liabilities and a checklist of questions directors should be asking. ...
APRA and AUSTRAC provide risk management guidance in relation to crypto assets
APRA and AUSTRAC provide risk-management guidance in relation to crypto-assets ...
Just in time: the full spectrum of amendments to the Security of Critical Infrastructure regime now passed
The final anticipated amendments to the Security of Critical Infrastructure Act 2018 (Cth) (SOCI Act) have been passed in the nick of time, making their way through the Senate in its last sitting before the 2022 Federal Election. These latest amendments introduce new and enhanced obligations for risk management programs and security respectively, and the concept of ‘systems of national significance’. ...
Allens advises AustralianSuper and Singtel on Axicom acquisition
The deal will see ATN – which is owned by AustralianSuper and Singtel – double its mobile tower footprint, with the addition of Axicom's 2,000 metro and outer-metro telecommunication sites. 'We are ...
Regulating crypto: Government releases consultation paper on proposed licensing and custody requirements
The Federal Government is seeking feedback on a proposed new licensing regime for crypto asset secondary service providers (CASSPrs) and new requirements regulating custody of crypto assets. The new regime would potentially sit alongside the existing AFS licensing regime, with possible overlap and inconsistency in treatment of service providers. The Government is also seeking early views on how crypto assets should be defined and categorised as part of a 'crypto mapping' exercise. The consultation period runs until 27 May 2022. ...
Federal Court clears path for the OAIC to pursue its privacy proceedings against Facebook
A full bench of the Federal Court has confirmed an earlier ruling that there was a prima facie case Facebook Inc (now Meta Platforms Inc) 'carries on a business' and collects personal information in Australia. With this decision, the Australian Information Commissioner can now proceed with the landmark case against Facebook Inc and Facebook Ireland Ltd in relation to a number of alleged breaches of the Australian Privacy Principles. ...
What the top five cybersecurity trends mean for your business in 2022
Cybercrime continued to dominate headlines throughout 2021, with the global cost of cybercrime predicted to reach $10.5 trillion annually by 2025 . As governments continue to navigate how to best deter cyber criminals, organisations must remain vigilant in the face of increasingly sophisticated cybersecurity attacks – arising from within and outside their organisation. We look at the top five cybersecurity trends that defined 2021 and what they mean for Australian businesses in 2022 ...