Medibank failed to put in place baseline security measures, including multi-factor authentication, to safeguard sensitive information from a hacker in 2022, who stole an IT contractor’s credentials and logged in to the health insurer’s private network three months before the company learned its data was compromised, the OAIC says.
A former Ernst & Young partner accused of promoting tax exploitation schemes wants to strike out portions of the ATO’s case, but the tax office argues he has threatened the application since last year and is preoccupied with a satellite fight to keep his name out of the media.
A failure to meet key performance indicators not written into her employment contract was not a valid reason for sacking a telemarketer, the FWC has found in awarding the worker $10,000 in compensation.
ASIC has secured freezing orders over the assets of an investment fund managed by Keystone Asset Management, with a court also ordering a Keystone director to surrender his passport amid an investigation by the corporate regulator.
ASIC has wasted no time in appealing a judge’s decision to excuse cryptocurrency product provider Block Earner from paying a civil penalty on the basis that it took advice from a leading law firm that was not seen by the court.
Trial in ASIC’s action accusing former Dixon Advisory director Paul Ryan of breaching his duties began Monday, a case that puts the spotlight on legal advice over a deed that affected the wealth management firm’s capacity to recoup a $19 million debt on the eve of its collapse.
A director of two Paladin Group units is entitled to rely on the privilege against self-exposure to penalty in defending a case brought by the Australian Securities and Investments Commission, a court has heard.
A judge overseeing several cases against Optus over a September 2022 data breach has raised the possibility of hearing a class action against the telco alongside new proceedings brought by the Australian Communications and Media Authority.
The ACCC has flagged competition concerns about drug supplier Sigma Healthcare’s proposed $8.8 billion reverse merger with Chemist Warehouse, saying the tie-up could harm independent pharmacies and lessen competition in pharmacy retail.
Payday lenders Cigno and BSF Solutions have appealed a decision that found they provided credit without a licence, and rejected the claim that their loan model is analogous to buy now, pay later arrangements that don’t require a licence.