The art of the password

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Our top tips for password management within Advice businesses When it comes to cyber security, the password is the topic de jour. Everyone knows that a password is the most common mechanism to provide authentication. Positively, unlike facial and fingerprint recognition, passwords can be changed. However, the problem with “the password” is through 20 years […]

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Protecting your client data held on third-party services and apps

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The human resources software provider PageUp, which provides services to the likes of Zurich and the Reserve Bank of Australia, recently flagged that it had detected “unauthorized activity” on its system. Security breaches are happening at an increasing rate around the globe, some affecting billions of people, but the recent PageUp hack is a lot […]

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Financial services industry over confident and ill prepared when it comes to cyber security

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A survey of the financial services industry conducted by Kamino Cyber Security in October 2017 has revealed that most financial advisers, accountants and superannuation funds are not adequately prepared when it comes to cyber security – particularly in regard to the new Data Breach Notification Laws which came into effect in February 2018. The laws […]

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“Detect, understand and respond!” Uh-oh! ASIC shifts its focus to Licensee’s cyber security

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For dedicated scholars of the Australian financial advice industry, “ASIC’s Corporate Plan 2017/18 to 2020/21” makes for some heavy but necessary reading, for within it lies ASIC’s regulatory intentions for the next three years. One of the less surprising key take outs is that ASIC considers digital disruption as a major challenge for financial services […]

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The top security threats to financial services in 2018

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If you are a small to medium business (SMB), how is cyber security relevant to you? Because only the big companies like Sony and Equifax get hacked, right? RIGHT?! WRONG. The truth is, cyber criminals are turning their focus to small businesses, because they are soft and sweet – the low-hanging fruit, so to speak. […]

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What happens if you suffer a cyber breach? (If it hasn’t happened already)

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First of all, there is quite a reasonable probability that your business has already been hacked and you just don’t know it yet. Cyber attacks are becoming more sophisticated and hackers are finding new ways to penetrate systems whilst going undetected. Cyber attacks are on the rise and are only expected to accelerate in the […]

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