Traditionally a year or two passes before a fraud is identified. Australian businesses believe the risk of fraud will increase this year, despite an expected move away from the widespread remote working which left them more open to being a victim, a KPMG Forensic survey has revealed. KPMG’s survey of…
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Accelerating the adoption of digital solutions. Resilience is at the core of Standard Chartered Bank, in what has been an extraordinary year for the financial institution. In its fourth quarter and full year 2020 results, Chartered noted the negative impacts of COVID-19 should be “largely transitory, and indeed have provided…
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Monetary Authority of Singapore states there’s an analytical approach to assess and monitor cyber risk to the financial sector Cyber risk is an emerging source of systemic risk in the financial sector, and possibly a macro-critical risk too. It’s therefore important to integrate it into financial sector surveillance. According to…
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Government agencies investigated by Commonwealth Ombudsman. Australia’s Commonwealth Ombudsman has found that Government agencies have not adequately kept the records relating to agencies’ use of stored communications and telecommunications data, as needed under the Telecommunications (Interception and Access) Act 1979 (the Act). The Ombudsman can investigate complaints about actions and…
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Majority of BCPs tend to focus on risks or threats to the physical premises or technology infrastructure. Australian and New Zealand (A/NZ) organisations were somewhat underprepared in their business continuity planning (BCP) for managing a crisis of the scale and magnitude of the COVID-19 pandemic. Genesys surveyed of its A/NZ…
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Few countries have dedicated local bodies for sanctions enforcement. During COVID-19, the speed and frequency of change in economic and trade sanctions regimes from major international regulators has increased the complexity associated with financial crime and trade compliance, at a time when APAC organisational resources may already be stretched thin,…
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Strict requirements for compliance and reporting requires technology. The Victoria State Government Department of Jobs, Precincts and Regions (DJPR) has worked for the past 10 months with Salesforce to transform the grants experience and streamline administration. The administration of this grants’ portfolio has a huge undertaking with more than 10,000…
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Australian consumer rights commission launches Federal Court action. The Australian Consumer Competition Commission (ACCC) has alleged, multinational company – Google — misled consumers about expanded use of personal data and launched Federal Court proceedings against the company. According to the ACCC, Google allegedly misled Australian consumers to obtain their consent…
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Sponsored content: Shifting from reactive to proactive security. With the disruptions in operations caused by the COVID-19 global pandemic, most organisations in the APAC region have been prioritising keeping the lights on. “They’ve been focused on keeping operational resilience and access to resources for employees who are obviously working from…
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Social media platform needed to fill CISO post leading up to the hack. By Joseph Menn, Katie Paul and Mark Hosenball July 16 (Reuters) – Twitter Inc had stepped up its search for a chief information security officer in recent weeks, two people familiar with the effort told Reuters, before…
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