POWERED BY MOMENTUM MEDIA
APRA urges cyber vigilance
The Australian Prudential Regulation Authority (APRA) has warned the entities it regulates, including superannuation funds, to expect to experience significant cyber security incidents.
The regulator has used its latest Insights publication to reveal that just over half of all the entities it surveyed made up of 20 regulated entities and one service provider, had experienced at least one cyber security incident in the previous 12 months.
Further, it said that those incidents were sufficiently serious to warrant executive management involvement.
However, it said that while the cyber threats had had the potential to cause a material impact, they appeared to have been well managed through a combination of effective monitoring and response activities, often supplemented by the use of external expertise.
"The incidents reported highlight the evolving range of threats and the importance of diligence in maintaining defences commensurate with the threat landscape," the APRA document said.
Recommended for you
As Australia gears up for the May budget, Treasurer Jim Chalmers has shed light on the significant global economic challenges that are shaping the nation’s fiscal decisions.
The Reserve Bank of Australia has held rates in its March meeting, but for the first time in a while, economists rejoiced in a perceived “dovish” tone from the bank.
The central bank has announced its second interest rate decision since a major revamp.
The central bank has announced its first interest rate decision since a major revamp, which will see the board meet eight times a year instead of the original 11.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
66.99 3 y p.a(%)
2
Hills International
63.66 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
36.33 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
35.96 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.23 3 y p.a(%)
Add new comment