We receive lots of enquiries from AFS and AC licensees asking what they need to do to address Cyber Resilience. If you aren’t thinking about this already, you should be.
ASIC says in Report 429 (released in 2015) that it expects AFS licensees to address cyber risks as part of its legal and compliance obligations. Also, reports of cyber incidents are increasing. We now live in a world where opening the wrong email attachment can cost you hundreds of thousands of dollars.
Does your staff know what to look out for? Can you continue to carry on business if your systems are shut down or compromised? What are your legal obligations? These are only a few examples of what you need to be thinking about when developing a Cyber Resilience Policy.
In response to client demand, we have developed a template Cyber Resilience Policy specifically for AFS licensees and AC licensees.
We can also assist with tailoring the policies to suit your particular business needs. Contact one of our financial services specialists today to discuss cyber resilience for licensees in more detail.