NEWSLETTER: Banking Sector – Issue 103

24 May 2022


Welcome to the latest issue of our Banking Sector Newsletter.

A recent Federal Court Ruling on cybersecurity found an Australian Financial Services (AFS) licensee to have breached its licence obligations by failing to do all things necessary to ensure cybersecurity risks were adequately managed. With financial services continuing to move online, this decision highlights the importance of good cybersecurity. In her judgment, Justice Rofe made it clear that cybersecurity should be front of mind for all AFS licensees.

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