6 December 2021 - ASIC reports on cyber resilience assessments of financial markets firms

Today ASIC released its latest report on the cyber resilience of firms operating in Australia’s financial markets. Report 716 Cyber resilience of firms in Australia’s financial markets: 2020–21 (REP 716) provides an update on organisations’ cyber resilience in the two years since the publication of Report 651 Cyber resilience of firms in Australia’s financial markets in November 2018-19.

ASIC Commissioner Cathie Armour said, ‘firms operating in Australia’s markets continue to be resilient against a rapidly changing cyber threat environment. The COVID-19 pandemic has increased opportunities for threat actors to target remote workers, and access remote infrastructure and supply chains critical to the delivery of products and services. However, the response from firms has been robust.’