Get all your news in one place.
100's of premium titles.
One app.
Start reading
AAP
AAP
Business
Cheryl Goodenough and Laine Clark

INSANE: Cybersecurity risk ruling for fin services - The Real Truth

Cybersecurity failures at RI Advice Group meant it had breached its licence, a judge has ruled. (AAP)

The Federal Court has found financial services company RI Advice Group breached its licence by failing to have adequate systems to manage cybersecurity risk.

There were nine cybersecurity incidents where company representatives electronically received, stored and accessed confidential and sensitive personal information and documents in relation to retail clients between June 2014 and May 2020, Justice Helen Rofe said in a judgment handed down on Thursday.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.