Australia: Cybersecurity

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Article
APRA v Bedingo And Adelaide Bank: A Wake-up Call For Directors And Officers
The Australian Prudential and Regulatory Authority has launched unprecedented civil penalty proceedings against Bendigo and Adelaide Bank following a 2023 cybersecurity breach that exposed critical weaknesses in the bank's risk management systems. This landmark case signals a fundamental shift in regulatory enforcement, extending accountability beyond corporate entities to individual directors and officers who fail to ensure adequate cybersecurity controls are functioning as intended.
Australia Technology
K
Kennedys
Article
ASIC Demands Urgent Cyber Upgrades To Combat Frontier AI Security Threats
In an open letter published on 8 May 2026, ASIC, who are responsible for regulating Australia's corporate, financial services and insurance sectors, urged Australian financial services licence (AFSL) holders to act promptly against the risks posed by advanced AI systems. ASIC warned that malicious actors are increasingly using cutting-edge AI models to identify and exploit vulnerabilities at an unprecedented scale.
Australia Technology
K
Kennedys
Article
Security Of Critical Infrastructure: Proposed Changes To Critical Infrastructure Risk Management Program And Enhanced Ministerial Powers
Australia's Department of Home Affairs has released proposed changes to the Security of Critical Infrastructure Act 2018 following an independent review. The amendments introduce enhanced obligations for high-risk asset classes, including stricter cyber security requirements, supply chain vulnerability mapping, and personnel security measures. Organizations managing critical infrastructure assets must now prepare for comprehensive regulatory changes that will fundamentally reshape how they protect essential
Australia Government
CC
Corrs Chambers Westgarth
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