Australian Financial Regulator Sues FIIG Securities Over Inadequate Cybersecurity Controls

The Australian financial regulator has filed a lawsuit against FIIG Securities, a major investment and financing company based in Brisbane, for insufficient cybersecurity controls. The Australian Securities and Investments Commission accuses FIIG Securities of failing to prevent a malicious actor from stealing confidential personal information of 18,000 clients. The lawsuit was filed in Federal Court, highlighting the importance of cybersecurity measures in the financial sector.