A Brisbane based business was recently the subject of a cyber attack where the hackers made numerous extortion threats and stole sensitive data from them. The business was completely unprepared for the attack, Acting Assistant Brian Hay from the State Crime Command said “We are strongly urging business to ensure their computer systems are secure and protected from hackers.”
On 13 May 2015, the High Court of Australia handed down its decision in the appeal in Wealthsure Pty Ltd v Selig .
The decision considered the application of proportionate liability in the context of proved contraventions of various Commonwealth statutory provisions by a financial planner.
Robust management liability coverage will enable you to sleep soundly at night. But how many of you are still operating with directors and officers coverage without realising they are wide open to claims? Or worse still, how many hof you aven’t considered the importance of such a policy?
Claims made following Cyclone Marcia, which devastated parts of Central Queensland three weeks ago, have sky-rocketed according to the latest figures released by the Insurance Council of Australia.
In what is being called the Ocean’s Eleven of cyber crime, a syndicate of international hackers have stolen over an estimated US$1 billion from more than 100 banks across the world.
Anthem Inc., the nation’s second largest health insurer, disclosed Wednesday that hackers had broken into its servers and stolen Social Security numbers and other personal data from all of its business lines.
The Queensland Government has told a regional council to remove all references to projected sea level rises from its town planning scheme, prompting fears over future liability.
HUNDREDS of Australians have had up to $10 million siphoned from their bank accounts in an elaborate cyber sting.