Australia: Securities and Investments Commission filed lawsuit against FIIG Securities over failure to meet cybersecurity requirements

Description

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…

Scope

Policy Area
Data governance
Policy Instrument
Cybersecurity regulation
Regulated Economic Activity
other service provider
Implementation Level
national
Government Branch
judiciary
Government Body
court

Complete timeline of this policy change

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2025-03-12
under deliberation

On 12 March 2025, the Australian Securities and Investments Commission (ASIC) filed a lawsuit again…

2026-02-13
in force

On 13 February 2026, the Federal Court of Australia ordered FIIG Securities Limited (FIIG) to pay a…