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ASIC v RI Advice ruling sets new precedent for cybersecurity accountability

By Velvet-Belle Templeman on May 12, 2022 10:46AM
ASIC v RI Advice ruling sets new precedent for cybersecurity accountability

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In an industry first, the Federal Court of Australia has determined that Australian financial services licensee RI Advice has breached its legal obligation to have adequate cybersecurity systems in place.RI Advice experienced nine cyber-related incidents between 2014 and 2020 including the likes ...

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asic cybersecurity federal court ri advice security

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By Velvet-Belle Templeman
May 12 2022
10:46AM
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