Australian firm FIIG Securities has been ordered to pay a $2.5 million penalty by the Federal Court following ASIC action over significant cybersecurity failures that led to a major data breach in 2023. The landmark case sets a new precedent for cyber resilience obligations for AFS licensees.
Artificial Labs has raised $45M in Series B funding to expand its AI-driven underwriting platform across global insurance markets. Backed by CommerzVentures, the London insurtech aims to modernise specialty insurance through automation, data intelligence, and scalable digital trading.
Victoria's largest not-for-profit private hospital group, Epworth HealthCare, has been targeted by a fake ransomware group known as 0APT. The group claims to have stolen 920GB of patient data, but evidence suggests it is a bluff designed to extort money through psychological warfare.
A critical zero-day attack is actively targeting WatchGuard Firebox firewalls, exposing thousands of organisations worldwide. Australian cyber authorities have issued an urgent alert, warning the flaw enables remote takeover of network devices, with more than 115,000 systems still exposed online.
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