Australia: Securities and Investments Commission investigation into FIIG Securities over alleged failure to meet cybersecurity requirements (Securities and Investments Commission v FIIG Securities Limited/No. QUD144/2025)
Progress
Current status
in force
13 Feb 2026 in force
12 Mar 2025 under deliberation
Scope
Implementers
Australia
Policy Area
Data governance
Policy Instrument
Cybersecurity regulation
Regulated Economic Activity
other service provider
Government Branch
judiciary
Government Body
court
Implementation Level
national
Timeline of events
Federal Court issued ruling in Australian Securities and Investments Commission lawsuit against FIIG Securities Limited over failure to meet cybersecurity requirements
On 13 February 2026, the Federal Court of Australia ordered FIIG Securities Limited (FIIG) to pay a pecuniary penalty of AUD 2'500'000 for contravening its Australian Financial Services licence obligations under section 912A of the Corporations Act …
SourceEvent type
public lawsuit
Action type
ruling
Government branch
judiciary
Government body
court
Securities and Investments Commission filed lawsuit against FIIG Securities over failure to meet cybersecurity requirements
On 12 March 2025, the Australian Securities and Investments Commission (ASIC) filed a lawsuit against FIIG Securities Limited at the Federal Court of Australia. The lawsuit alleged that FIIG Securities Limited failed to maintain adequate cybersecuri…
SourceEvent type
public lawsuit
Action type
announcement
Government branch
judiciary
Government body
court