Following on from the fines levied against the directors of GetSwift of $15 Million and significant fines and suspensions made against the former

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Following on from the fines levied against the directors of GetSwift of $15 Million and significant fines and suspensions made against the former CEO and managing director. The Australian Securities and Investment commission (ASIC) makes it clear that it will pursue more stringent penalties against corporates that fail to disclosure significant market events to regulators, that include cyber-attacks.

With the recent spate of cyber-attacks against Australian companies including Telstra and Medibank. One suspects that regulators will be taking a closer look at corporate governance, responsibility and market disclosures related to cyber over the coming months.

Ted Dziekanowski

#cybersecurity #cyberriskmanagement #cyberattacks #governance #cyberregulation

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