News

Why regulators are targeting board execs for cyber security failures

Published

2 years ago

September 22, 2023

After high profile data breaches of companies like Australia’s Optus, regulators are targeting boardroom execs for their roles in the failures.

The Australian Securities and Investments Commission (ASIC) is set to hold boards and executives accountable for cybersecurity lapses, according to reporting by the Australian Financial Review.

In a groundbreaking move, ASIC plans to penalise companies and their leadership for failing to protect sensitive data adequately.

Recent cyberattacks have exposed vulnerabilities across various sectors, prompting ASIC to take proactive measures. Under new regulations, boards and senior management will be legally obliged to implement robust cybersecurity protocols. Failure to do so could result in substantial fines and personal liability for corporate leaders.

ASIC Chairperson, Sarah Anderson, stated, “The increasing frequency of cyberattacks poses a severe threat to Australia’s financial stability. It’s imperative that corporate decision-makers prioritize cybersecurity as a fundamental business function.”

This regulatory shift aims to foster a culture of cyber resilience in organisations, encouraging investment in cutting-edge technologies and staff training. Companies will need to demonstrate their commitment to safeguarding sensitive data, or face severe consequences.

News

Liberal and Nationals reunite after political split

Australia’s major parties restore Coalition unity after three weeks, with Nationals frontbenchers rejoining shadow cabinet and ministers pledging commitment.

Published

12 hours ago

February 9, 2026

Harvey Vargas

Australia’s major parties restore Coalition unity after three weeks, with Nationals frontbenchers rejoining shadow cabinet and ministers pledging commitment.

Australia’s Liberal and National parties have agreed to restore their historic Coalition partnership after a three-week split, marking their second reconciliation in under a year. The deal ensures stability ahead of upcoming political challenges.

Under the agreement, Nationals frontbenchers will return to the shadow cabinet by March 1. This move signals a return to unified leadership as both parties aim to present a stronger front in parliament.

As part of the compromise, three senators who broke party solidarity during a recent vote face a six-week suspension. All shadow ministers will also sign an agreement to uphold cabinet unity and prevent future splits.

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News

Starmer aide resigns after Mandelson appointment questioned over Epstein links

Morgan McSweeney resigned amid scrutiny of Peter Mandelson’s US ambassadorship; Keir Starmer claims he was misled about Epstein ties.

Published

13 hours ago

February 9, 2026

Harvey Vargas

Morgan McSweeney resigned amid scrutiny of Peter Mandelson’s US ambassadorship; Keir Starmer claims he was misled about Epstein ties.

U.K. Prime Minister Keir Starmer’s chief of staff, Morgan McSweeney, has resigned amid scrutiny over Peter Mandelson’s appointment as U.K. ambassador to the U.S. McSweeney accepted responsibility for the controversial decision, calling stepping aside the honourable choice.

Lawmakers raised questions about Mandelson’s ties to Jeffrey Epstein. The Epstein files indicate Mandelson maintained contact with Epstein even after his 2008 conviction, intensifying the controversy surrounding his diplomatic appointment.

Starmer confirmed that Mandelson misled him about the extent of their friendship and pledged to release documents confirming the details. The resignation signals a significant shake-up in Starmer’s team and ongoing political fallout.

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News

Japan election delivers commanding win for ruling LDP

Japan’s ruling party expected to strengthen majority in Lower House election despite heavy snowfall, says local forecasts.

Published

13 hours ago

February 9, 2026

Harvey Vargas

Japan’s ruling party expected to strengthen majority in Lower House election despite heavy snowfall, says local forecasts.

Japan’s ruling Liberal Democratic Party is projected to tighten its grip on power following a decisive Lower House election, according to local media forecasts. Early projections suggest the LDP will secure between 274 and 328 seats in the 465-seat chamber, significantly strengthening its parliamentary position.

Together with coalition partner the Japan Innovation Party, the governing bloc is expected to cross the 300-seat mark, with some estimates putting the total as high as 366 seats. Voter turnout remained resilient despite heavy snow across parts of the country, as citizens braved severe weather to cast their ballots.

The election was called by Prime Minister Sanae Takaichi in January, a move widely viewed as a strategic gamble to capitalise on her strong public approval ratings. The result appears to reinforce her mandate and consolidate political stability in Japan’s national leadership.

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