The board’s role in monitoring cyber risks: AICD’s guidance on ‘Governing through a Cyber Crisis’
Rebecca Rutland and Steven Hunwicks discuss what your board should know and do to reduce the risk and prepare for cyber attacks.
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Rebecca Rutland and Steven Hunwicks discuss what your board should know and do to reduce the risk and prepare for cyber attacks.
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On 18 September 2023, ASIC Chair Joe Longo addressed the Australian Financial Review Cyber Summit on the topic of cyber preparedness. In this article, we discuss the key points raised.
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The constant evolution of cyber threats, coupled with an increasing active regulatory landscape, has made it imperative for organisations to prioritise both cyber security and compliance, and to balance cyber risks and costs of compliance or mitigati
Legislation Update
On 21 June 2023, Treasury Laws Amendment (2022 Measures No 4) Bill 2022 completed its passage through Parliament. The Bill received Royal Assent on 23 June 2023 as Act No 29 of 2023. The Act contains two measures relating to the digital economy wh
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Ransomware attacks can be crippling for an Australian business. In this article, we discuss considerations if your business is asked to pay a ransom demand to recover its encrypted data or prevent confidential data or personal information from being
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Treasurer Jim Chalmers handed down the Australian Federal Budget 2023-24 on 9 May 2023. While the budget focused mainly on other priorities including cost-of-living pressures, it contains a number of cyber security and privacy focused measures. Fi
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Cyber security has shot into headlines recently, after the high-profile cyber security attacks on Optus and Medibank. Consequently, all Australian businesses, both big and small, are now on alert and closely examining their cyber security requirement
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Further to our recent alert concerning the government’s announcement to continue its work to reform the regulation of crypto assets generally under Australian law , the Board of Taxation last month commenced its consultation into the Review of the
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The crypto industry is still buzzing in the wake of the Ethereum Foundation’s recent announcement that Ethereum will start to undergo its most significant upgrade to date on 6 September 2022. In this article, we explain the significance of the upgr
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In this article we discuss the joint media release 1 delivered by Australian Treasurer Jim Chalmers on Monday 22 August 2022, noting that the Australian federal government is continuing its work to reform the regulation of crypto assets under Aus
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As inflation spikes and cheap money looks like a thing of the past, many are turning their attention to some of the sky-high valuations in the technology sector. Time will tell as to whether those valuations sustain or come crashing back to Earth as
Court Decision
D'Aloia v Binance Holdings & Others [2022] EWHC 1723 (Ch) is the first reported court decision of its kind outside of the United States of America (and after the Supreme Court of New York’s decision in LCX AG v John Doe Nos. 1-25) regarding the