APRA stories - Page 2

APRA demands super funds boost cyber security, mandating multi-factor authentication by August 2025 to protect member savings from rising cyber threats.

In 2025, privacy demands more than compliance; organisations must embed it into culture, governance and cyber risk to meet rising regulatory and societal expectations.

Airwallex appoints a new board for its SVF unit as it nears an ADI licence in Australia, following a USD $300 million funding round valuing the company at USD $6.2 billion.

Cyberattacks have drained AU$500,000 from Australian super funds, exposing 12.6 million members and prompting calls for stronger, layered digital defences.

Google Cloud expands its Risk Protection Program to Australia, partnering with Beazley and Chubb to tackle rising cyber threats and meet regulatory demands.

Several Australian superannuation funds suffered cyberattacks in April 2025, compromising thousands of accounts and raising urgent security concerns.

APRA-regulated entities in Australia must prepare for the upcoming CPS230 deadline, a shift aimed at enhancing operational and third-party risk management.

FinTech Australia is urging the government to revamp R&D tax incentives as investment in early-stage fintechs declines, risking a two-speed sector.

New APRA regulations demand Australian financial firms enhance cybersecurity measures or face hefty penalties, after rising data breaches affect millions.

Australia's Parliament has passed the Cyber Security Act, mandating businesses to report ransomware payments within 72 hours to bolster national security.

Vanta has launched a new data centre in Sydney, enhancing support for local compliance as Australia introduces its first Cyber Security Act.

As Australia's superannuation assets reach $3.3 trillion, cybercriminals increasingly target these lucrative funds. Transmit Security and Wrkr partner to defend super funds.

AI, cybersecurity, and tech skills dominate the 2024—25 Federal Budget, but experts say more support for startups is essential for long-term innovation.

AI-enhanced identity security is essential as 93% of financial services leaders grapple with data breaches. How can AI modernise and fortify their defences?.

Veteran businesswoman Jo Mikleus joins Avenue Bank, Australia's pioneer of bank guarantees, as an independent, non-executive Board director, replacing Christian Bernecker.

Australian financial services firms brace for tighter compliance measures amid growing data breaches, focusing improvements to risk management and compliance strategies.

Insurance giant nib Group has successfully transferred over 95% of its on-premises workloads to Amazon Web Services' cloud platform, marking a significant step in its cloud-first strategy.

Aiven is providing innovative open-source data platform services to help businesses ready themselves for the impending enforcement of APRA's CPS 230 standard.

SaaS security firm, AppOmni, addresses growing APAC demand for advanced security measures with a new Sydney data centre, hosted by Google Cloud Platform aiming to meet Australia's data sovereignty regulations.

Australian-based tech firm, Fortifai, enters market with focus on validating safety, alignment, and precision of AI outputs.