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Category: Data Breach, Regulation, Security Practices

Australian financial firm hit with lawsuit after massive data breach

Australian financial services firm FIIG Securities faces legal action from the Australian Securities and Investments Commission (ASIC) following a cybersecurity breach that exposed sensitive information of 18,000 clients. According to court documents filed by ASIC in the Federal Court of Australia, FIIG allegedly operated with inadequate cybersecurity measures from March 2019 to June 2023, violating…