News

Why regulators are targeting board execs for cyber security failures

Published

8 months ago

September 22, 2023

ticker NEWS

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

Microsoft reporting for duty with top tier title

Published

18 hours ago

May 21, 2024

ticker NEWS

Major Gamepass addition are on the way, with Call of Duty: Black Ops title.

Reports suggest this as the largest addition to the service since its launch, indicating a strategic effort to boost subscription numbers in a challenging market. The decision, likely to be officially announced during the upcoming Xbox Games Showcase on June 9, reflects a shift in the gaming landscape and Microsoft’s commitment to Game Pass. Despite potential drawbacks such as upsetting existing subscribers and sacrificing direct sales revenue. #Featured #Trending

Leaders

Can Taiwan’s new President ease tensions with China?

Published

18 hours ago

May 21, 2024

ticker NEWS

Taiwan’s newly elected President Lai Ching-te made a bold plea to China, urging the nation to halt its aggressive rhetoric and military threats towards Taiwan.

The statement comes amid escalating tensions between the two sides, raising concerns about the potential for conflict in the region.

The Taiwanese President Lai Ching-te emphasised the importance of peaceful coexistence and dialogue between the two countries, stressing the need for mutual respect and understanding.

Professor Tim Harcourt from UTS and host of the Airport Economist joins to discuss.

News

Hollywood star speaks out against ChatGPT after AI steals voice

Published

18 hours ago

May 21, 2024

ticker NEWS

In a recent interview, Hollywood star Scarlett Johansson expressed her surprise at the uncanny similarity between her voice and that of an OpenAI chatbot.

On this episode of Ahron & Mike Live – It’s AI madness! Hollywood star Scarlett Johansson speaks out against AI, Microsoft partner with Qualcomm and Google unveil Project Astra.

Ticker’s Ahron Young & Mike Loder discuss. #featured