Lack of cyber-attack preparedness leaves Australian businesses vulnerable despite lift in breach notification compliance

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Despite enhanced cyber maturity, beefed up cyber budgets and improved security posture, many Australian businesses still lack the ability to act quickly and comprehensively in the face of a cyber security attack. The key take-away from accounting and professional services firm BDO in Australia’s annual Cyber Security Survey, which – in conjunction with leading cyber […]

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Malware attacks most prevalent in financial and insurance services

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Potential financial gain for cyber criminals makes businesses in the financial and insurance services sector a focus for malware attacks more than any other cyber incident, according to new research. A report published by leading global advisory firm BDO, in conjunction with leading cyber emergency response team AusCERT, has revealed 20% of incidents experienced by […]

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Proposed tax losses legislation a step in the right direction, but issues remain

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  BDO Tax Partner Mark Molesworth has cautiously welcomed draft legislation aimed at addressing issues with some companies carrying forward and claiming income tax losses. This is an issue particularly faced by early stage companies (especially those focussed on innovative products and services) that frequently experience significant changes in shareholders in the early years of […]

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Businesses voice tax reform priorities – BDO 2016 Tax Reform Survey results

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The Australian business community has spoken on the critical issue of tax reform, highlighting the discrepancy between business and government priorities. A record 523 respondents from around the country – across sectors and business sizes – have had their say in BDO’s fifth annual Tax Reform Survey. BDO National Tax Director Lance Cunningham said multinational […]

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BDO bolsters Risk Advisory team to help Australian organisations tackle cyber security risks

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The critical focus of many Australian organisations on maintaining current awareness and defending themselves against the threat of a cyber attack has prompted leading audit, tax and advisory firm BDO to bolster its advisory capacity in this area. Cyber security and technology risk specialist Leon Fouche has joined BDO’s Brisbane Risk Advisory team, providing the […]

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BDO’s Mark Molesworth sought after for another term on Board of Taxation Advisory Panel

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BDO in Australia has announced the reappointment of Tax partner Mark Molesworth to the Board of Taxation’s Advisory Panel until the end of 2016. The Advisory Panel draws together some of Australia’s leading taxation professionals who voluntarily contribute their knowledge and expertise. Its purpose is to assist the Board of Taxation in the general performance of its Charter […]

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