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Why regulators are targeting board execs for cyber security failures

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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.

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Why Australia is becoming the new home of the Hollywood blockbuster

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Australia’s multimillion-dollar campaign to attract Hollywood productions to its shores appears to be paying off.

The allure of Australia lies not only in its picturesque locations but also in its competitive financial incentives.

The government offers generous rebates and tax breaks to international productions, making it an attractive proposition for filmmakers looking to maximise their budgets.

Despite the recent intake of Hollywood productions down under such as ‘The Fall Guy’ and ‘Furiosa: A Mad Max Saga’, Aussie independents are still finding the space to carve their own creative path.

Rob Fantozzi joined the program to discuss the latest in Hollywood, and showcased his own upcoming project – ‘Omerta‘. #featured

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Portal between countries shut down after international flashing

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An international video portal has been forced to shut down after an OnlyFans model reportedly flashed passersby from across the globe.

On this episode of Ahron and Mike Live – Which would you prefer; pay rise or work perks, an international portal closes, the military reveal a submarine stingray and are you on a top or bottom burger bun?

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

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U.S. home prices surge 47%

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American home prices are rising at faster pace now than in the last 20-years.

A recent analysis reveals a jaw dropping surge in the cost of American homes.

Since the start of 2020, U.S. home prices have surged 47% easily outstripping the gains seen in recent decades.

On top of that, home price growth so far this decade is on the verge of surpassing all the growth seen in the 2000s.

Many experts believe this decade’s housing market frenzy was ignited by a perfect storm — the onset of the COVID-19 pandemic triggering an unprecedented rush among buyers.

Tom Hutchens, the Executive Vice President of Production at Angel Oak Mortgage Solutions joins Veronica Dudo to discuss.

#IN AMERICA TODAY #economy #housing #housingmarket #homeprices #homesales #inflation #trending

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