ASIC survey shows most financial businesses in Australia suck at cybersecurity

ASIC's latest "cyber pulse survey" of almost 700 ASIC regulated financial businesses found that 58% have "limited to no capability to digitally protect confidential information", 44% "don't manage third-party or supply chain risks" and nearly a third "failed to perform vulnerability scans of assets, with a substantial proportion showing limited capabilities in monitoring unauthorised connections, devices and software, baselining normal network activity, performing vulnerability scans and patching information assets". Only 52% "have strong capabilities in recovery planning after an incident" and a third said "they don't have strategies to deal with the repercussions of an incident". Fucken hell, this is grim. Full report on ASIC's website if you need to rattle some executive cages.


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