Page 3 - Breach Reporting News Today : Breaking News, Live Updates & Top Stories | Vimarsana

“We’re starting to see a lot of that happen with advisers going and getting their own licences and going to smaller boutiques and then discovering things have been said about them. “This is not a problem for everyone but it’s a new problem now that larger dealer groups are reporting so much misconduct and that’s a new thing.” The new breach reporting regime would commence on 1 October, 2021, and licensees must lodge a report within 30 days of when they believed there would be or had been a significant breach. However, Derham said a lot of bigger dealer groups had been reporting t...

Is all of everybody has got to be in on this. >> and just so people understand, as you noted, most of the -- what's threatened here is private sector. and the former director of national intelligence under george w. bush, negroponte, was on my show on friday and he was basically voicing the opinion that because the private sector has not risen to the challenge, there might be legislation needed to compel them to be better on this. do you agree? >> yes. one of the particular areas that we're talking about is sici, systemically important critical infrastructure. the grid, the pipeline system, fi...

Infrastructure. the grid, the pipeline system, financial system, transportation, water system, which we haven't talked a lot about, but we're vulnerable in terms of our water systems. i believe there has to be mandatory breach reporting and they've got to subject themselves to what we call pen testing to see just how good their cyber defenses are. in exchange, they need to be provided with some kind of liability protection if they're going to be forthcoming. we need a new relationship between the private sector and the federal government. and i realize the term relationship between private sec...

National intelligence of george w. bush was on my show on friday and he was basically voicing the opinion that because the private sector has not risen to the challenge, there might be legislation needed to compel them to be better on this. do you agree? >> yes. one of the particular areas that we're talking about is systemically important critical infrastructure. the grid, the pipeline system, financial system, transportation, water system, which we haven't talked a lot about, but we're vulnerable in terms of our water systems. i believe there has to be mandatory breach reporting and they got...

This edition of the Update covers: 1. Recent legal and regulatory developments, including the release of ASIC's immunity policy for market misconduct offences, a FATF...