The Australian securities watchdog said on Thursday it is taking fixed-income broker FIIG to court, alleging it failed to implement adequate cybersecurity measures over a four-year period, which enabled a hacker to infiltrate its IT network.
The Australian Securities and Investments Commission (ASIC) claimed these deficiencies resulted in the theft of approximately 385 gigabytes of confidential data at the company.
Around 18,000 clients were notified that their personal information may have been compromised.
The Australian firm was the target of a cyberattack that lasted from May 19 to June 8, 2023. The breach affected its